SeaBird Exploration Plc: Extraordinary General Meeting completed

SeaBird Exploration Plc: Extraordinary General Meeting completed

ID: 435873

(Thomson Reuters ONE) -


26 November 2015, Nicosia, Cyprus:
The Extraordinary General Meeting of SeaBird Exploration Plc ("SeaBird") is
completed. All proposals on the agenda were adopted. The shares of SeaBird has
been resolved to be consolidated through the conversion of every one thousand of
the company's shares of USD 0.0001 each into one share of USD 0.1 each. The last
day of trading of the unconsolidated shares will be 10 December 2015 and the
first day of trading of the consolidated shares will be 11 December 2015. The
company's warrants will be consolidated, and the exercise price of the warrants
will be adjusted, pursuant to the consolidation.
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

or

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717




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#1969423]




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Bereitgestellt von Benutzer: hugin
Datum: 26.11.2015 - 11:29 Uhr
Sprache: Deutsch
News-ID 435873
Anzahl Zeichen: 2825

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