Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that certain Primary Insiders of Polarcus have acquired shares in the Company on 4 March, 2019 at an average price of NOK 1.23 per share as follows:
Duncan Eley, Chief Executive Officer of Polarcus: 150,000 shares. Following the transaction, he owns 639,616 shares in Polarcus.
Hans-Peter Burlid, Chief Financial Officer of Polarcus: 75,000 shares. Following the transaction, he owns 232,596 shares in Polarcus.
Caleb Raywood, General Counsel & Company Secretary of Polarcus: 75,000 shares. Following the transaction, he owns 209,615 shares in Polarcus.
Tamzin Steel, SVP, People & Business Services of Polarcus: 75,000 shares. Following the transaction, she owns 209,615 shares in Polarcus.
In addition, Lars Oestergaard, Chief Operating Officer of Polarcus acquired 75,000 shares in the Company on 4 March, 2019 at an average price of NOK 1.22 per share. Following the transaction, he owns 75,000 shares in Polarcus.
Hans-Peter Burlid, CFO
+971 50 559 8175
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com