As announced on 30 May 2012, SeaBird Exploration Plc purchased 2,000 own shares in order to facilitate the consolidation of shares which was carried out on 5 June 2012. After the 10:1 consolidation this amounted to 200 shares.

A total of 86 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 114 own shares at a price of NOK 4.75 per share.

Subsequent to the transaction, the aggregate number of own shares held by SeaBird is 0.

Tags: SeaBird Exploration Limited