Summons for bondholders' meeting 8 February 2011
(Thomson Reuters ONE) -
Cyprus, 28 January 2011:
Reference is made to the announcement on 27 January 2011 regarding the
contemplated financial restructuring. SeaBird Exploration PLC has called for a
bondholders' meeting to propose certain amendments to the loan agreement of the
NOK 400m bond loan, FRN SeaBird Exploration Ltd Callable Bond Issue 2007/2012
(ISIN 001 035391.5) with maturity 14 February 2012 (the "Bond Loan"). Please see
attached summons. Bondholders representing 60% of the votes in the Bond Loan
have committed to support and vote in favour of the proposal.
The bondholders' meeting will be held on 8 February 2011 at 14:00 (CET). The
meeting will be held in the premises of Norsk Tillitsmann ASA (the loan trustee
for the bond loan).
For further queries, please contact:
Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075
Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: +47 920 51 455
- - -
SeaBird Exploration PLC "SeaBird" is a global provider of marine solutions for
seabed acquisition of 3D/4C/4D multimode seismic data with OBN operations,
marine 2D and 3D 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 water 2D/3D
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 acc. to §5-12 vphl
(Norwegian Securities Trading Act).
Summons Bondholders meeting 8 02 2011 Norsk Tillitsmann:
http://hugin.info/136336/R/1483368/418596.pdf
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 Ltd. via Thomson Reuters ONE
[HUG#1483368]
Unternehmensinformation / Kurzprofil:
Datum: 28.01.2011 - 15:19 Uhr
Sprache: Deutsch
News-ID 50837
Anzahl Zeichen: 3247
contact information:
Town:
Oslo
Kategorie:
Business News
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