Reference is made to Havila Shipping ASA`s announcements on 28 February 2017 regarding the implementation of the restructuring and the approval by the Norwegian Financial Supervisory Authority of a prospectus for the listing of new shares issued in connection with two private placements (the "Private Placements") and a subsequent offering of shares (the "Subsequent Offering").
As per today, 1 March 2017, a total of 1,177,004,400 new shares in the Company will be listed on the Oslo Stock Exchange as a result of completion of the Private Placements, which implies an increase in the number of listed shares from 30,179,599 shares to 1,207,183,999 shares, each with a par value of NOK 0.01.
The Subsequent Offering comprises an offering to eligible shareholders of up to 240,000,000 new shares at a subscription price of NOK 0.125 per share. The subscription period will commence on 6 March 2017 and expire on 20 March 2017. The offering is made to facilitate equal treatment of shareholders following the Private Placements in accordance with the Norwegian Securities Trading Act.
Further details will be announced prior to commencement of the subscription period and are also included in the Prospectus.
The Subsequent Offering is managed by Swedbank and Fearnley Securities (the "Managers").
Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Havila Shipping ASA via GlobeNewswire
HUG#2083214