Board of Directors stands down

Polarcus Limited (in provisional liquidation) (“Polarcus” or the “Company”) (OSE: PLCS) refers to the appointment of the joint provisional liquidators to the Company (see: press release dated 9 February 2021), the appointment of each Director of the Company for a one year term running from the Company’s 2020 Annual General Meeting and the sanction of the Grand Court of the Cayman Islands to the transactions described in the Bondholder Summons among other matters.

Each Director has resigned their director position at the Company with immediate effect.

 

For media enquiries to the JPLs please contact:

Ben Brewerton/ Elizabeth Adams, FTI Consulting

Ben.brewerton@fticonsulting.com +44 7703 329963

elizabeth.adams@fticonsulting.com +44 7974 982331

 

For other enquiries to JPLs please contact:

Polarcus@fticonsulting.com

 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act