SeaBird - Sale of own shares
(Thomson Reuters ONE) -
26 June 2012, Limassol, Cyprus:
As announced on 30 May 2012, SeaBird Exploration Plc ("SeaBird") purchased
2,000 own shares in order to facilitate the consolidation of shares which was
carried out on 5 June 2012. After the 10:1 consolidation this amounted to 200
shares. A total of 86 shares of these shares were used to round up shareholders
who subsequent to the consolidation otherwise would have owned fractions of a
shares. SeaBird has therefore today sold the remaining 114 own shares at a price
of NOK 4.75 per share. Subsequent to the transaction, the aggregate number of
own shares held by SeaBird is 0.
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
specialises 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.
For further queries contact:
Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737
Nils Haugestad
CFO SeaBird Exploration
Phone: +971 4 427 1700
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SeaBird Exploration plc via Thomson Reuters ONE
[HUG#1622085]
Unternehmensinformation / Kurzprofil:
Datum: 26.06.2012 - 13:32 Uhr
Sprache: Deutsch
News-ID 160080
Anzahl Zeichen: 2626
contact information:
Town:
Oslo
Kategorie:
Business News
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"SeaBird - Sale of own shares"
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