Mandatory notification of trade in Polarcus Limited (PLCS)
On the 09/02/2012, Sabaro Investments Limited
("Sabaro") flagged that Sabaro controlled 79,602,834
shares, representing 17.04% of the issued share
capital in Polarcus Limited.
Today, 29/02/2012, Sabaro has purchased 500,000
shares at a price of NOK 5.7004 per share.
Following such purchase Sabaro directly controls
40,102,834 cash shares representing approximately
8.59 % of the issued share capital and 40,000,000
forward shares representing approximately 8.56 % of
the issued share capital. In total Sabaro now
controls 80,102,834 shares representing approximately
17.15 % of the total issued share capital in Polarcus
The forward contracts can be exercised at any time
and mature on 10 May 2012.
Mr. Erik Henriksen acts as an advisor to Sabaro. Mr.
Erik Henriksen is a member of the board of directors
of Polarcus Limited.