Notice from the bondholders’ meeting
12 Feb 2018
Reference is made to the stock exchange notice published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 26 January 2018 regarding Summons for a joint Bondholders’ Meeting for the following Bond Issues:
| ISIN NO 001 0680150
ISIN NO 001 0757248
|8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018|
| ISIN NO 001 0714389
ISIN NO 001 0757255
|FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019|
| ISIN NO 001 0670435
ISIN NO 001 0757263
ISIN NO 001 0757271
|2.875% Polarcus Limited Secured Convertible Bond Issue 2011/2016|
At the joint Bondholders’ Meeting held today, 12 February 2018, there were sufficient Bondholders present to form respective quorums. The proposed resolutions for the Restructuring obtained 85.79% of the votes in ISINs NO 001 0680150 and NO 001 0757248, 94.03% of the votes in ISINs NO 001 0714389 and NO 001 0757255, 100% of the votes in ISIN NO 001 0670435 and 100% of the votes in ISINs NO 001 0757263 and NO 001 0757271. Consequently, the proposals for the restructuring plan were adopted with a sufficient majority of bondholders under the Bond Agreements.
Please find attached the Notice from the joint Bondholders’ Meeting issued by the Bond Trustee.
Duncan Eley, CEO
+971 4 436 0915
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 over 400 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.