Notice from the bondholders’ meeting
22 Jan 2016
Reference is made to the stock exchange notice published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 6 January 2016 regarding Summons for a joint Bondholders’ Meeting for the following Bond Issues;
ISIN NO 001 068015.5 – 8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018
ISIN NO 001 071438.8 – FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019
ISIN NO 001 067043.5 – 2.875% Polarcus Limited Secured Convertible Bond Issue 2011/2016
At the bondholders’ meeting held today, 22 January 2016, there were sufficient Bondholders present to form a quorum in all the three Bond Issues. The proposed resolutions for a restructuring plan obtained 90.46%, 96.30% and 97.95% of the votes in the respective Bond Issues. Consequently, the proposals for the restructuring plan were adopted with a sufficient majority of bondholders under the Bond Agreements.
Please find the notice attached.
Tom Henrik Sundby, CFO
+971 50 708 6480
Hans-Peter Burlid, VP Finance & Investor Relations
+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
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)