2020: 2020 Bulkers Ltd. (2020) Transaction Update
2026-10-01 08:55:03
Oslo, Norway, 1 October 2026
Reference is made to the recent stock exchange announcements published by 2020
Bulkers Ltd. (the "Company") relating to the acquisition of companies owning
or having contracts for the acquisition of up to 15 large AHTS vessels.
Reference is further made to the US$175 million private placement which has
been successfully placed and allocated.
The Company is pleased to announce that the conditions for the completion of
the Acquisition of AHTS AS and the private placement have been satisfied and
that the Company has substantially completed the announced transactions today.
Firstly, the Company has completed the acquisition of the shares in AHTS AS.
Following such completion, the Company controls a fleet of 7 large AHTS
vessels.
Secondly, the Company is pleased to confirm that AHTS AS has completed the
acquisition of all the shares in UMAS 42 AS, UMAS 49 AS and Anchor Challenger
AS and 79% of the shares in Anchor Launcher AS. Each of these companies holds
a large AHTS vessel, thereby taking the fleet under the control of the Company
to 11 large AHTS vessels.
Furthermore, the Company refers to the agreements held by AHTS AS for the
purchase by AHTS AS of additional three large AHTS vessels expected during Q4
2026. As explained in the Company's announcement on 30 September 2026, a
certain amount of the agreed purchase price for the shares in AHTS AS has been
withheld by the Company pending delivery of these three yet undelivered AHTS
vessels to AHTS AS. Subject to delivery of each vessel, the relevant portion
of the purchase price pertaining to each delivered vessel shall become payable
by the Company to the sellers of AHTS AS, and an aggregate of 40,176,621
additional consideration shares shall then be issued to the sellers of AHTS
AS.
Furthermore, as announced by the Company on 22 September 2026, AHTS AS has
received acceptances from all shareholders in Anchor Australia AS for the
purchase by AHTS AS of their shares. Anchor Australia AS has entered into an
agreement to purchase the large AHTS vessel "Skandi Peregrino". The completion
of AHTS AS' acquisition of the shares in Anchor Australia AS is expected to be
completed in conjunction with the delivery of "Skandi Peregrino" to Anchor
Australia AS, expected during October 2026. In connection with the completion
of the purchase of the shares in Anchor Australia AS an estimated number of
55,721,310 consideration shares will be issued to the sellers of this company,
subject to adjustments to be made based on a closing balance sheet to be
agreed prior to completion.
Subject to the completion of AHTS AS purchase contracts and the acquisition of
Anchor Australia AS, the Company will control a fleet of 15 AHTS vessels.
About 2020 Bulkers Ltd.:
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on
September 26, 2017. The Company's shares are traded on Euronext Oslo Børs
under the ticker "2020". The Company owns and operates a fleet of large Anchor
Handling Tug Supply vessels.
pany owns and operates a fleet of large Anchor\
Handling Tug Supply vessels.\