Polarcus: Mandatory Notification of Trade
Reference is made to the stock exchange release issued by Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) on 1 March 2018 (Polarcus completes financial restructuring and issues private placement shares) announcing that certain of the Company's ordinary shares would be listed on the Merkur Market until a prospectus has been approved and made public.
Board member Tom Henning Slethei (through his wholly owned company Alto Holding AS) has on 13 March 2018 acquired 900,000 ordinary shares in Polarcus listed on Merkur Market at an average price of NOK 1.50 per share. Also on 13 march 2018, Mr. Slethei (through his wholly owned company Alto Holding AS) has sold 900,000 ordinary shares in Polarcus listed on Oslo Børs at an average price of NOK 1.59 per share.
Following these transactions, Mr. Slethei owns 14,350,571 shares in Polarcus.