New Shares issued
7 Apr 2017
Reference is made to the stock exchange releases published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 5 April 2017 regarding the Final Result of the Subsequent Offering, in which 3,912,439 shares (the “New Shares”) at a Subscription Price of NOK 0.33 per share were allocated.
Polarcus announces that 3,912,439 new shares of a nominal or par value of USD 0.01 each (the “New Shares”), authorized by the Company in connection with the Subsequent Offering, have been validly issued.
Following the issuance of the New Shares the Company has an issued share capital of USD 15,343,853.86 divided into 1,534,385,386 shares, each with a par value of USD 0.01. All shares have equal rights in all respects, including with respect to voting and dividends.
Caleb Raywood, Company Secretary
+971 4 4360 816
Hans-Peter Burlid, CFO
+971 50 559 8175
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 nearly 500 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com