Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  SeaBird Exploration Plc    SBX   CY0101162119

SEABIRD EXPLORATION PLC

(SBX)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

SeaBird Exploration plc: amendments and awards under its option program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/26/2019 | 03:05am EST

In reference to the November 12 2019 press release, Seabird Exploration, Plc announces the following amendments and awards under its Option Program. 

Given subsequent events following the November 12 2019 announcement, the exercise price has been adjusted upwards and fixed at an average exercise price of NOK 0.66 for the three years of the program (NOK 0.6, 0.66 and 0.72 respectively) versus the previous average of NOK 0.6, whereby the annual 10% uplift is maintained.  The three year average vesting price constitutes a 26% premium to the November 25 2019 closing price of the Company's shares on the Oslo Stock Exchange

Furthermore, the Company announces the awards set out below to Key Employees under the program, at the exercise price stated above. The options vest over a three year period from the date of grant in November 2019, and previously granted options to these employees are terminated. Further awards may be granted going forward, pending cancellations of existing options under the 2018 option program. The Executive Chairman Mr Rodahl has offered to forfeit 2,000,000 options to increase availability under the current awards, and consequently holds 7,200,000 options and 8,500,000 shares.

Following the option grant, the following employees' current holding of shares and options are as follows:

 No of shares heldNo of options granted and held
Gunnar Jansen, Acting CEO 7,200,000
Finn Atle Hamre, COO302,5007,200,000
Steinar Hovland, VP 3,500,000
Steinar Fjeldboe, VP 3,500,000
Kjell Mangerøy, VP452,5013,500,000

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 to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

For further queries contact:

Ståle Rodahl
Executive Chairman SeaBird Exploration
Phone: +47 484 00 593

 
Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 22402169

 

© OMX, source OMX

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SEABIRD EXPLORATION PLC
11/26SEABIRD EXPLORATION PLC : amendments and awards under its option program
AQ
11/18SEABIRD EXPLORATION : resignation of board member
AQ
11/12SEABIRD EXPLORATION : The Chairman of the Board purchases shares in open market ..
AQ
11/11SEABIRD EXPLORATION : new OBN source contract in Eastern Hemisphere
GL
11/07SEABIRD EXPLORATION : third quarter 2019 report
AQ
11/01SEABIRD EXPLORATION : third quarter 2019 presentation and webcast
AQ
10/20SEABIRD EXPLORATION PLC : SeaBird leverages strategy and appoints interim CEO
AQ
10/03SEABIRD EXPLORATION : changes to the board of directors
AQ
09/27SEABIRD EXPLORATION : Extraordinary General Meeting completed
AQ
09/20SEABIRD EXPLORATION : New 2D survey award Africa region
AQ
More news
Financials (USD)
Sales 2019 50,6 M
EBIT 2019 -12,6 M
Net income 2019 -16,4 M
Debt 2019 2,10 M
Yield 2019 -
P/E ratio 2019 -1,95x
P/E ratio 2020 2,34x
EV / Sales2019 0,66x
EV / Sales2020 0,25x
Capitalization 31,5 M
Chart SEABIRD EXPLORATION PLC
Duration : Period :
SeaBird Exploration Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SEABIRD EXPLORATION PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 0,21  $
Last Close Price 0,06  $
Spread / Highest target 283%
Spread / Average Target 260%
Spread / Lowest Target 237%
EPS Revisions
Managers
NameTitle
Gunnar Jansen Chief Executive, Commercial & Legal Officer
Stale Rodahl Chairman
Steinar Fjeldbo Vice President-Operations
Nils Christian Haugestad Chief Financial Officer
Sidsel Godal Director
Sector and Competitors
1st jan.Capitalization (M$)
SEABIRD EXPLORATION PLC-59.67%31
SCHLUMBERGER NV2.25%51 070
HALLIBURTON COMPANY-15.99%19 601
BAKER HUGHES3.30%14 434
TENARIS4.96%12 925
NATIONAL OILWELL VARCO, INC.-9.11%9 013