Oslo - Delayed Quote • NOK Havila Shipping ASA (HAVI.OL) Follow Compare 1.4520 -0.1280 (-8.10%) As of 11:33:10 AM GMT+1. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Havila Shipping ASA: Allegation from certain banks of default of the restructuring agreement – disputed by the company. Reference is made to the stock exchange announcement 1 October 2024, informing that three bank lenders, and the bondholders in two bond loans had decided to have their debt settled at the end of 2024 in accordance with the terms of the restructuring agreement. It was also reported that three banks chose to extend the restructuring agreement by one year related to two vessels in operation and four sold vessels. Reference is also made to the stock exchange announcement of 30 December 2024, where s Havila Shipping ASA: Disclosure of large shareholding Havila Shipping ASA: Disclosure of large shareholdingÍslandsbanki has today become owner of 19,130,433 shares in in Havila Shipping ASA (the “Company”) as debt has been converted to shares according to the Global Amendment Agreement II, entered into between Havila Shipping ASA with subsidiaries and their lenders on 19 June 2020. After the conversion of debt to shares Íslandsbanki owns 19,130,433 shares in the Company, representing 6.952252% of the capital and votes in the Company and consequentl Havila Shipping ASA: Mandatory notification of trade Reference is made to the stock exchange announcement on 30 December 2024 regarding conversion of debt to shares.Havila Holding AS, close associate of Havila Shipping board member Hege Sævik Rabben and CEO Njål Sævik, has pursuant to the restructuring agreements converted part of its liquidity loan to 128,111,385 shares at a price of NOK 0.36 per share.Following the Debt Conversion, Havila Holding AS owns 140,227,951 shares and thereby maintaining its holding of 50.96% of the shares in the compan Havila Shipping ASA: Debt conversion into shares and registration of new share capital Reference is made to the stock exchange announcements on 1 October and 16 December 2024, regarding the conversion of debt of NOK 568 million into shares and the publication of the prospectus in connection with the listing of such shares. The Debt Conversion into shares has today been completed and the registration of new shares with the Norwegian Register of Business Enterprises has taken place. The share capital has increased with NOK 62,848,143.75, from NOK 5,944,075 to NOK 68,792,218.75, by i Havila Shipping ASA: The Financial Supervisory Authority of Norway (Finanstilsynet) has approved prospectus for listing of new shares NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the stock exchange announcement on 1 October 2024, where lenders' decisions to either receive settlement or extend their outstanding loans under the restructuring agreement were communicated.Of the debt which is due on 30 December 2024, NOK Havila Shipping ASA: Successful placement of NOK 525 million senior secured bond Havila Shipping ASA (“Havila Shipping”) is pleased to announce a successful completion of a 2-year senior secured bond issue of NOK 525 million. The bond will be issued by Havila Finans AS, a company wholly owned by Havila Holding AS (50.96% owner of Havila Shipping) and will have a coupon of 3 months NIBOR + 5.00% p.a. with quarterly interest payments. The net proceeds from the bond issue will be on-lent to subsidiaries of Havila Shipping and used to repay NOK 500 million of debt that shall be Havila Shipping ASA: Financing update and invitation to fixed income investor meetings Reference is made to the stock exchange notice on 1 October 2024 by Havila Shipping ASA (“Havila Shipping”) which provided information on lenders' decisions to either settle or extend their outstanding loans under the restructuring agreement. NOK 1,022 million of debt matures on 30 December 2024, whereof NOK 500 million shall be settled in cash and NOK 522 million shall be converted to shares. In order to refinance the 30 December 2024 maturities, Havila Finans AS a company wholly owned by Havil Havila Shipping ASA: Third quarter 2024 accounts Summary Freight revenues were NOK 140.8 million in the Q3 2024, a decrease of NOK 28.9 million compared to the corresponding period last year and a decrease of NOK 5.1 million compared to the previous quarter. The average rate is higher this quarter than the previous quarter, but utilisation is lower as a result of preparations for new contracts for two vessels. Operating expenses were NOK 81.2 million in Q3, a reduction compared to Q3 last year of NOK 37.8 million and an increase compared to th Havila Shipping ASA: Information about lenders feedback regarding settlement of the company’s debt Reference is made to information related to the company’s debt most recently in a stock exchange announcement on 01.08.24 and the 2024 Second Quarter report. The company's lenders had a deadline of 30.09.24 to choose between Settlement as of 31.12.24Extension of the agreement by one year until 31.12.25 The final figures for how much debt that shall be settled or converted into shares will not be clarified until the accounts for the third quarter are available. Based on preliminary estimates, int Havila Shipping ASA: Decisions from written resolution in the bond loans Havi04 and Havi07 Reference is made to the Stock Exchange Release 29.08.24. Nordic Trustee has informed the company about the voting held. A majority of the bondholders in each of the bond loans Havi04 and Havi07 has woted in favour of alternative upwards adjustment of interest bearing debt by transfer from non-interest-bearing debt according to the restructuring agreement. The decision means that the adjusted interest bearing debt will be settled 31.12.24 and remaining non-interest-bearing debt will be converted Havila Shipping ASA:Second quarter 2024 accounts Summary Freight revenues were NOK 146.0 million in the Q2 2024, a decrease of NOK 49.1 million compared to the corresponding period last year and an increase of NOK 29.3 million compared to the previous quarter.The average rate is higher this quarter than the previous quarter.Operating expenses were NOK 74.5 million in the second quarter, a reduction compared to the Q2 2024 last year and the previous quarter this year of NOK 33.0 million and NOK 6.7 million respectivelyThe company achieved an op Havila Shipping ASA: Information on the development of the company's debt Information on the development of the company's debt Reference is made to previous statements, most recently in the interim report for the first quarter of 2024, related to restructuring of the company's debt. By the end of September, the lenders must report to the company whether the lenders for the individual loan choose Settlement as of 31.12.24 orExtend the agreement by one year until 31.12.25 An important element in lender's assessment of the alternatives is the earnings of each vessel in t Havila Shipping ASA: Fourth quarter 2023 accounts Summary The fright revenues in the fourth quarter were NOK 148 million, an increase of NOK 5 million compared to the corresponding period last year. Three vessels were sold and delivered to the new owner after the lenders demanded that the vessels be sold in accordance with the current restructuring agreement. Freight revenues is reduced by NOK 22 million compared to the third quarter. Operating expenses were NOK 89 million in the fourth quarter, a reduction compared to the fourth quarter last y Performance Overview Trailing total returns as of 1/22/2025, which may include dividends or other distributions. Benchmark is OBX Total Return Index Return HAVI.OL OBX Total Return Index YTD -14.59% +6.12% 1-Year -71.91% +20.90% 3-Year -63.33% +33.27%