Grant of employee share options

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the award of 1,500,000 share options to the Company’s newly appointed Chief Executive Officer and Prime Insider, Rod Starr, according to the Company’s 2014 share option scheme of which the main terms were approved in the Annual General Meeting of the Company on 13 May 2014.

The awarded share options have an exercise price of NOK 0.62 and an exercise period of 10 February 2017 – 09 February 2022.

Following the award Rod holds 1,500,000 options under the 2014 share option scheme and 0 shares.

 

Contacts

 

Rod Starr, CEO Polarcus

+971 4 436 0800

rod.starr@polarcus.com

 

Tom Henrik Sundby, CFO Polarcus

+971 50 708 6480

tom.sundby@polarcus.com

 

About Polarcus

 

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)