Mandatory Notification of Trade
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that the following Primary Insiders of Polarcus have acquired shares in the Company:
Duncan Eley, Chief Executive Officer of Polarcus, has, on 19 May 2017, acquired 100,000 shares at an average price of NOK 2.77 per share. Following the transaction he owns 105,000 shares in Polarcus.
Tom Henning Slethei, Director of Polarcus, through his wholly owned company Alto Holding AS, has, on 19 May 2017, acquired 256,989 shares at an average price of NOK 2.77 per share. Following the transaction he owns 5,000,000 shares in Polarcus.
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 nearly 500 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com