Reference is made to the stock exchange notice published by Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) on 26 March 2015 regarding the summons to a bondholder meeting in the bond loan USD 125,000,000 2.875% Secured Convertible Bond Issue 2011/2016 (ISIN NO 001 0607435).
At the bondholders' meeting held today, 14 April 2015, there were sufficient Bondholders present to form a quorum. The proposed resolution obtained 87.80% of the votes, and the proposal was adopted according to the voting requirements of the Bond Agreement. The Bond Agreement will therefore be changed as set out in the summons to the meeting.
Rod Starr, CEO Polarcus
+971 4 436 0800
Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
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 over 600 professionals worldwide. 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)