SeaBird Exploration Plc: Consolidation of shares and share issue
09 Dezember 2015 - 7:00AM
9 December 2015, Nicosia, Cyprus:
Reference is made to announcement from SeaBird
Exploration Plc ("SeaBird" or "Company") on 26 November, 2015. As
resolved by the Annual General Meeting in order to ensure that the
minimum requirement for more than one registered shareholder in the
local Register of Members of the Company in Cyprus is maintained
after the consolidation, and to make the total number of shares in
issue divisible by ten, the Board of Directors of SeaBird has
issued 6,254 new shares in the Company, each at par value. 5,994 of
these shares have been issued to registered nominee Members to the
Company and 260 shares have been issued to DnB Verdipapirservice as
VPS registrar. The first day of trading of the consolidated shares
will be 11 December 2015. 1,000 old shares give 1 new share.
SeaBird is a global provider of marine acquisition
for 2D/3D and 4D seismic data, and associated products and services
to the oil and gas industry. SeaBird specializes in high quality
operations within the high end of the source vessel and 2D market,
as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract
seismic). Main success criteria for the company are an unrelenting
focus on Health, Safety, Security, Environment and Quality (HSSEQ),
combined with efficient collection of high quality seismic data.
All statements in this press release other than statements of
historical fact are forward-looking statements and are subject to a
number of risks, uncertainties and assumptions that are difficult
to predict, and are based upon assumptions as to future events that
may not prove accurate. These factors include SeaBird`s reliance on
a cyclical industry and the utilization of the company's vessels.
Actual results may differ substantially from those expected or
projected in the forward-looking statements.
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities Trading
Act)
For further queries contact:
Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737
or
Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: SeaBird Exploration Plc via Globenewswire
HUG#1972274
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