Mandatory Notification of Trade

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.

 

Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@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 approximately 350 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

 

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