SeaBird Exploration Plc: Registration of SeaBird Exploration Plc preference shares
(Thomson Reuters ONE) -
4 March 2015, Limassol, Cyprus
SeaBird Exploration Plc Preference Shares are registered on the NOTC-list as
of 4 March 2015 with ticker code "SBXP". The company has issued 6,015,693
preference shares each with a par value USD 0.1/share, all of which are
registered in the VPS with ISIN code CY 0105552125. As at the issue closing date
of 3 February 2015, the market capitalization of the preference shares is NOK
300,784,650, equivalent to NOK 50/share. The preference shares carry 500 times
the rights of the common shares listed on Oslo Stock Exchange under the ticker
"SBX".
The preference shares will be mandatorily converted into common shares following
the reduction of the Company's authorized and issued share capital, through the
reduction of the nominal value of its shares from USD 0.1/share to USD
0.0001/share (the "Reduction") and issue by the Registrar of Companies in Cyprus
of the relevant certificate confirming the Reduction, estimated to be during Q2
2015. The preference shares will be converted at an exchange rate of 500:1
common shares for each preference share; hence a total of 3,007,846,500 shares
will be issued to preferred shareholders following the Reduction. Post
conversion of the preference shares, the total outstanding number of common
shares in the company will be 3,065,427,746. There will be no preference shares
outstanding in the company following the conversion described above. The issue
of preference shares is part of the restructuring of SeaBird Exploration Plc
which is listed on Oslo Stock Exchange. The company has entered into an
agreement whereby it will be able to use the NOTC reporting system as from 4
March 2015.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
For further queries contact:
Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737
Nils Haugestad
CFO SeaBird Exploration
Phone: +971 4 427 1700
Company Presentation:
http://hugin.info/136336/R/1899260/674695.pdf
Q4-14 Presentation:
http://hugin.info/136336/R/1899260/674694.pdf
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#1899260]
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 376042
Anzahl Zeichen: 2898
contact information:
Town:
Oslo
Kategorie:
Business News
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