23 April 2020, Limassol, Cyprus
Reference is made to the Annual General Meeting of SeaBird Exploration PLC, announced on 22 April 2020, with a proposal for a 20:1 consolidation of shares.
The company announces that the consolidation of shares shall be implemented based on the key dates set out below:
| Date on which the corporate action was made public: | 22 April 2020 |
| Consolidation ratio: | 20:1 (20 existing shares gives 1 consolidated share) |
| Last day including right: | 2 June 2020 |
| Ex-date: | 3 June 2020 |
| Record Date: | 4 June 2020 |
| Date of approval: | 14 May 2020 |
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 Quality, Health, Safety and Environment (QHSE), 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:
Gunnar Jansen
CEO (acting)
Phone: +47 941 19 191
or
Erik von Krogh
CFO
Phone: +47 930 38 075