Reference is made to the stock exchange announcement of SeaBird Exploration PLC (“SeaBird”) on 26 May 2017, concerning the proposed restructuring of the SeaBird group (the “Restructuring”) and to the stock exchange announcement on 30 May 2017, regarding the calling of an Extraordinary General Meeting of SeaBird (“EGM”) for the conversion of debt into equity and the approval of the Restructuring.
The EGM is now completed. The proposals on the agenda were adopted with requisite majority.
Following the EGM, SeaBird continues its efforts to satisfy the outstanding conditions for the proposed Restructuring.
