SeaBird Exploration Plc 366 0 Kommentare EGM 2 announcement

5 March 2015, Limassol, Cyprus

Reference is made to press release dated 11 February 2015, regarding the calling of an Extraordinary General Meeting ("EGM2") for the reduction of capital and simultaneous increase of authorized share capital back to the former amount, and exclusion of pre-emption rights in relation to new shares.

EGM2 is now completed. All proposals on the agenda were adopted with requisite majority.

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 acc. to §5-12 vphl (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

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

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