Polarcus: Bondholders’ meeting rescheduled

Reference is made to the stock exchange release from Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) published 13 February 2017 regarding the Summons to a bondholders’ meeting.

To comply with the requirement to give 10 Business Days’ notice, taking into account bank holidays in New York, the bondholders’ meeting has been rescheduled to 1 March 2017. 

A summons for a joint Bondholders’ Meeting on 1 March 2017 for the following bond issues has today been re-submitted to Nordic Trustee ASA for distribution through VPS on 14 February 2017:

  • ISIN NO 001 0680150 and ISIN NO 001 0757248 – 8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018
  • ISIN NO 001 0714389 and ISIN NO 001 0757255 – FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019

There are no changes to the summons published on 13 February 2017 except to the date of the summons and the bondholders’ meeting.

Voting will be carried out separately for each Bond Issue. The meeting will be held on 1 March 2017 at 13:00hrs CET at the premises of Nordic Trustee ASA.

 

Please find the summons attached.

 

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 nearly 500 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com


Disclaimer

The information included herein may contain forward-looking statements. Forward- looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company’s intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward-looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized. Some factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, developments in the oil and gas industry, the demand for seismic services, the demand for data from the Company’s multi-client library, currency risks, political risks, regulatory risks, and unexpected operational setbacks. For a further description of other relevant risk factors we refer to our 2015 Annual Report. The reservation is also made that inaccuracies or mistakes may occur in the information given above concerning the current status of the Company or its business. Any reliance on the information given above is at the risk of the reader, and Polarcus disclaims any and all liability in this respect.

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