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The subscription period for the Subsequent Offering ended on Thursday 9 December 2010 at 17.30 CET. Polarcus Limited has received subscriptions in excess of 5,700,000 Offer Shares. As a result, Polarcus Limited will issue 5,700,000 new shares at NOK 5.15 per share raising gross proceeds of NOK 29,355,000.
All subscribers being allotted Offer Shares will receive a letter confirming the number of Offer Shares allotted to the subscriber and the corresponding amount to be paid. This letter is expected to be distributed on 10 December 2009. Payment and delivery of shares will take place on or about 15 December 2010.
Following registration of the shares the total number of issued shares will increase by 5,700,000, from 403,996,179 to 409,696,179 shares.
The Subsequent Offering is managed by ABG Sundal Collier Norge ASA, Pareto Securities AS and SEB Enskilda AS.