Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to the sale by Sabaro Investments Limited of all of its shares in Polarcus Limited as announced by Sabaro Investments Limited on 10 October 2012.
The Board of Directors of Polarcus Limited has, following such sale, received resignation notices from each of Mr. Erik Henriksen and Ms. Marika Svardstrom as director and alternate director of the Polarcus Board. The Board of Directors has today accepted with immediate effect the resignation of Erik Henriksen as a director of the Company and Marika Svardstrom as alternate director and member of board committees.
The Board of Directors wishes to express its sincere appreciation to Erik Henriksen and Marika Svardstrom for their valuable contribution during their tenure.
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)