Polarcus Limited announced the award of share options to two Primary Insiders. 500,000 share options were granted to the Company's newly appointed General Counsel, Mr. Caleb Raywood, and 500,000 share options were granted to Mrs. Tamzin Steel in the newly created position of Senior Vice President People & Business Services. The awards are in accordance with the Company's 2016 share option plan of which the main terms were approved in the Annual General Meeting on 12 May 2016. The awarded share options (the "Options") have an exercise price of NOK 0.62 being the volume weighted average price for which the Polarcus shares have been traded at Oslo Stock Exchange in the prior 30-day trading period.