SeaBird Exploration Plc: Approval of prospectus
(Thomson Reuters ONE) -
30 April 2015, Limassol, Cyprus
Reference is made to previous press releases regarding the restructuring (the
"Restructuring") of SeaBird Exploration PLC (the "Company"), i.a. the press
release dated 3 March 2015 where the Company announced the issue of new
preference shares, warrants convertible into new ordinary shares and a new
secured bond. The Financial Supervisory Authority of Norway has on 30 April
2015 approved a prospectus concerning (i) the listing and admission to trading
on Oslo Børs of 3,007,846,500 new shares, each with a par value of USD 0.0001,
(ii) the application for listing and admission to trading on Oslo Børs of Bonds
issued by the Company's subsidiary SeaBird Exploration Finance Limited in SBX04,
being a USD 29.3 million first lien callable bond issue 2015/2018 and (iii) the
application for listing of 884,687,500 warrants maturing in 2018. The Prospectus
is available on the Company's web site www.sbexp.com.
The new ordinary shares which are covered by the prospectus are not yet listed
on the Oslo Stock Exchange. They are expected to be listed on the Oslo Stock
Exchange after a settlement period in the VPS, currently expected to be on or
around 7 May 2015. The Company will give an announcement on the effective day of
the listing of the new ordinary shares. The new bonds and warrants are not yet
listed.
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 information is subject of the disclosure requirements pursuant to section
5-12 of the 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
SBX Prospectus 2015:
http://hugin.info/136336/R/1917473/685908.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#1917473]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2015 - 13:52 Uhr
Sprache: Deutsch
News-ID 389877
Anzahl Zeichen: 3650
contact information:
Town:
Oslo
Kategorie:
Business News
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"SeaBird Exploration Plc: Approval of prospectus"
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