SeaBird Exploration Plc: Extraordinary General Meeting completed
November 26 2015 - 5:29AM
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 NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that 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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