SeaBird Exploration Plc: Sale of own shares
December 22 2015 - 6:11AM
22. December 2015, Nicosia, Cyprus:
As announced on 9 December 2015, SeaBird
Exploration Plc ("SeaBird") purchased 2,500,000 own shares in order
to facilitate the consolidation of shares which was carried out on
11 December 2015. After the 1000:1 consolidation this amounted to
2500 shares. A total of 890 shares of these shares were used to
round up shareholders who subsequent to the consolidation otherwise
would have owned fractions of a shares. SeaBird has therefore today
sold the remaining 1610 own shares at an average price of NOK
14.5064 per share. Subsequent to the transaction, the aggregate
number of own shares held by SeaBird is 0.
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#1975342
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