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Friday, 19 May 2017

Mandatory Notification of Trade

Polarcus Limited    

Published: 10:41 CEST 19-05-2017 /GlobeNewswire /Source: Polarcus Limited / : PLCS /ISIN: KYG7153K1085

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.

 

Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com

 

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 nearly 500 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.




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Polarcus Limited, C/o Polarcus DMCC, Almas Tower, Level 32, Jumeirah Lakes Towers, Dubai 283373, United Arab Emirates
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