Polarcus award of Performance Share Units and Restricted Share Units to Primary Insider

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the award of 70,000 performance share units (“PSUs”) and 30,000 restricted share units (“RSUs”) to Primary Insider, Jonathan Gallagher, VP Finance, pursuant to the Company’s 2018 Long Term Incentive Plan.  Following the award, Mr. Gallagher, who joined the Company on 6 February 2019, holds 70,000 PSUs and 30,000 RSUs, zero (0) options and zero (0) shares in the Company.  



Hans-Peter Burlid, CFO
+971 50 559 8175


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 seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore. 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.