Polarcus: Offer Shares issued
10 Apr 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange release published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 5 April 2018 regarding the final result of the fully underwritten Repair Offering, in which 30,769,231 shares (the “Offer Shares”) at a subscription price of NOK 1.30 per share were allocated.
The Offer Shares, with a par value of USD 0.10 each, authorized by the Company in connection with the Repair Offering, have now been validly issued.
Following the issuance of the Offer Shares, the Company has an issued share capital of USD 51,378,671.30 divided into 513,786,713 shares, each with a par value of USD 0.10. All shares have equal rights in all respects, including with respect to voting and dividends.
Caleb Raywood, Company Secretary
+971 4 4360 816
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 approximately 350 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com