SeaBird Exploration Plc: Extraordinary shareholders' meeting held, proposals approved
(Thomson Reuters ONE) -
19 February 2015, Limassol, Cyprus
Reference is made to the press release dated 29 January 2015 regarding the
restructuring (the "Restructuring") of SeaBird Exploration PLC (the "Company").
Reference is also made to press release dated 3 February 2015, regarding the
calling of an Extraordinary General Meeting ("EGM1") for the creation of a new
Class A of shares, conversion of debt into equity and exclusion of pre-emption
rights in relation to new shares, all in order to carry out the Restructuring as
proposed.
EGM1 is now completed. All proposals on the agenda were adopted with requisite
majority. Implementation of the Restructuring remains subject to final
documentation required to implement the Restructuring. There are no guarantees
that all conditions for the Restructuring will be fulfilled in a timely manner.
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 announcement is made with reference to the Norwegian Trading Act section
5-12.
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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1895798]
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2015 - 12:02 Uhr
Sprache: Deutsch
News-ID 372843
Anzahl Zeichen: 2953
contact information:
Town:
Oslo
Kategorie:
Business News
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"SeaBird Exploration Plc: Extraordinary shareholders' meeting held, proposals approved"
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