Polarcus summons to bondholders’ meeting

Reference is made to the stock exchange notice published on 25 January 2016 in which Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announced an equity private placement and comprehensive financial restructuring with key stakeholder support.

Summons for a joint Bondholders’ Meeting on 12 February 2018 for the following Bond Issues have today been submitted to Nordic Trustee AS for distribution through VPS on 29 January 2018:

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

Voting will be carried out in accordance with the terms of the relevant bond agreement. The meeting will be held on 12 February 2018 at 13:00hrs CET at the premises of Nordic Trustee AS.

Please find the summons attached.


Duncan Eley, CEO
+971 4 436 0915

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 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.