Polarcus Limited: Approval and Publication of Prospectus



Reference is made to the stock exchange notice published by Polarcus Limited (“Polarcus” or the “Company”) on 07 October 2014 regarding the successful completion of a private placement (the “Private Placement”).


The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) has today approved the prospectus of the Company dated 13 November 2014, (the “Prospectus”), for the listing of the 162,592,500 new shares in the Company, each with a par value of USD 0.02, issued in the Private Placement.


The Prospectus will be available at www.polarcus.com. Hard copies of the Prospectus may be obtained at the offices of ABG Sundal Collier Norge ASA, Munkedamsveien 45 e, 0115 Oslo or Polarcus Limited, Almas Tower, Level 32, Jumeirah Lakes Towers, PO Box 283373, Dubai, U.A.E.


The new shares delivered to the investors in the Private Placement were registered on a separate ISIN in anticipation of the approval and publication of the Prospectus. On 14 November, the new shares will assume the ordinary ISIN of the Company’s shares, KYG7153K1085, and be tradable on Oslo Børs under the Company’s trading symbol “PLCS”.


ABG Sundal Collier Norge ASA has acted as Manager in connection with the Private Placement.


For more information, please refer to the Prospectus.




Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982

Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480


About Polarcus


Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com




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 2013 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 of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)