{"version":"https://www.mfn.se/feed/version/1","title":"","home_page_url":"https://mfn.se/all/a/ads-crude-carriers.json","feed_url":"https://mfn.se/all/a/ads-crude-carriers.json","description":"MFN is a feed for press releases in regards to publicly traded companies","next_url":"https://mfn.se/all/a/ads-crude-carriers.json?limit=48&offset=48","items":[{"news_id":"38e57cef-20b0-5f04-9c39-35146756265e","group_id":"fb66032a-b514-4327-a7ab-9e52d3c17846","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-annual-report-2023-38e57cef","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim","sub:report:interim:q4"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc Annual Report 2023","slug":"ads-ads-maritime-holding-plc-annual-report-2023-38e57cef","publish_date":"2024-03-21T21:12:21Z","html":"
ADS Maritime Holding Plc Annual Report 2023","text":"ADS Maritime Holding Plc Annual Report 2023\n\nThe Board of Directors of ADS Maritime Holding Plc (\"ADS\" or the \"Company\") has\napproved the 2023 audited Annual Report. \n\nContacts: Anders Hall Jomaas (CFO), anders.jomaas@adsmh.com\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 the Norwegian Securities Trading Act. This stock exchange release was\npublished by Anders Hall Jomaas, CFO, ADS Maritime Holding Plc, on 21 March\n2023 at 22:13.\n"},"extensions":{},"source":"ob"},{"news_id":"dfadaafe-8f5a-59c4-99dd-3f2c960a779e","group_id":"8c7ba995-d5e2-4b43-8327-f958ce66cc3f","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-q4-report-2023-dfadaafe","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc - Q4 report 2023","slug":"ads-maritime-holding-plc-q4-report-2023-dfadaafe","publish_date":"2024-02-23T06:00:00Z","html":"
The Board of Directors of ADS Maritime Holding Plc ("ADS" or the "Company") has
approved the 2023 audited Annual Report.
Contacts: Anders Hall Jomaas (CFO), anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act. This stock exchange release was
published by Anders Hall Jomaas, CFO, ADS Maritime Holding Plc, on 21 March
2023 at 22:13.
ADS Maritime Holding Plc announces the release of its Q4 report 2023 report,","text":"ADS Maritime Holding Plc announces the release of its Q4 report 2023 report,\nplease find the report attached.\n\nContacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com \n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"f333566c-0e3a-5142-bd87-ee70209cffd1","group_id":"dad0b018-470d-414e-be58-b0acf4afe3c4","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-financial-calendar-f333566c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-f333566c","publish_date":"2023-12-29T11:11:22Z","html":"
please find the report attached.
Contacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
Financial calendar for ADS Maritime Holding Plc","text":"Financial calendar for ADS Maritime Holding Plc\n\nFINANCIAL YEAR 2023\n\n21.03.2024 - Annual Report\n\n23.02.2024 - Quarterly Report - Q4\n\n\nFINANCIAL YEAR 2024\n\n27.08.2024 - Half-yearly Report\n28.05.2024 - Annual General Meeting\n\n22.05.2024 - Quarterly Report - Q1\n13.11.2024 - Quarterly Report - Q3\n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"06e09fdc-df11-58a0-b432-725a18b5771b","group_id":"ddf7ee96-f885-4cc4-b853-b61053f2645b","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-q3-report-2023-06e09fdc","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc - Q3 report 2023","slug":"ads-maritime-holding-plc-q3-report-2023-06e09fdc","publish_date":"2023-11-17T06:00:00Z","html":"
FINANCIAL YEAR 2023
21.03.2024 - Annual Report
23.02.2024 - Quarterly Report - Q4
FINANCIAL YEAR 2024
27.08.2024 - Half-yearly Report
28.05.2024 - Annual General Meeting
22.05.2024 - Quarterly Report - Q1
13.11.2024 - Quarterly Report - Q3
This information is published pursuant to the requirements set out in the
Continuing obligations.
ADS Maritime Holding Plc announces the release of its Q3 report 2023 report,","text":"ADS Maritime Holding Plc announces the release of its Q3 report 2023 report,\nplease find the report attached.\n\nContacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com \n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"c75e27d1-d63a-5a7b-973f-43b04544d2c2","group_id":"e5d1e5f3-ffbe-4fa4-bce0-190311967e42","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-q2-and-first-half-year-report-2023-c75e27d1","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc - Q2 and first half year report 2023","slug":"ads-maritime-holding-plc-q2-and-first-half-year-report-2023-c75e27d1","publish_date":"2023-08-31T05:00:00Z","html":"
please find the report attached.
Contacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
ADS Maritime Holding Plc announces the release of its Q2 and first half year","text":"ADS Maritime Holding Plc announces the release of its Q2 and first half year\nreport 2023 report, please find the report attached.\n\nContacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com \n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"77c33171-d37c-5b7d-a267-4b1d275cc237","group_id":"dfbf188e-d945-4992-bb53-017fb25904e8","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-quarter-1-2023-report-77c33171","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"no","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc Quarter 1 2023 report","slug":"ads-ads-maritime-holding-plc-quarter-1-2023-report-77c33171","publish_date":"2023-05-26T15:13:42Z","html":"
report 2023 report, please find the report attached.
Contacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
ADS Maritime Holding Plc announces the release of its Quarter 1 2023 report,","text":"ADS Maritime Holding Plc announces the release of its Quarter 1 2023 report,\nplease find the report attached.\n\nContacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com \n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"07de016c-9567-51ba-9659-db803f5a6b9b","group_id":"c7c29a3a-c1ea-43f2-a1cf-69f27d5a9cff","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-minutes-from-the-annual-general-meeting-of-ads-maritime-holding-plc-07de016c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"no","tags":[":regulatory","sub:ci","sub:ci:gm"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Minutes from the Annual General Meeting of ADS Maritime Holding Plc","slug":"ads-minutes-from-the-annual-general-meeting-of-ads-maritime-holding-plc-07de016c","publish_date":"2023-05-26T13:45:43Z","html":"
please find the report attached.
Contacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
The Annual General Meeting (the "AGM") of ADS Maritime Holding Plc (the","text":"The Annual General Meeting (the \"AGM\") of ADS Maritime Holding Plc (the\n\"Company\") was held today at the Company's registered office at OSM House, 22\nAmathountos, 4532 Ayios Tychonas, Limassol, Cyprus. The AGM resolved the\napproval of all matters proposed in the AGM Notice dated 4 May 2023. The minutes\nof the AGM are attached. \n\nContacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com \n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"662baf95-f8fc-54c6-905d-d81c7b53ee7c","group_id":"cb2e4749-c3e5-4877-80f4-f3736032eb53","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-notice-of-annual-general-meeting-662baf95","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm","sub:ci:gm:notice"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Notice of Annual General Meeting","slug":"ads-notice-of-annual-general-meeting-662baf95","publish_date":"2023-05-04T14:21:19Z","html":"
"Company") was held today at the Company's registered office at OSM House, 22
Amathountos, 4532 Ayios Tychonas, Limassol, Cyprus. The AGM resolved the
approval of all matters proposed in the AGM Notice dated 4 May 2023. The minutes
of the AGM are attached.
Contacts: Anders Hall Jomaas (CFO), +47 40 04 29 18, anders.jomaas@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
Notice is hereby given that the Annual General Meeting of ADS Maritime Holding","text":"Notice is hereby given that the Annual General Meeting of ADS Maritime Holding\nPlc will be held at 16.00 hrs (local time) on Friday 26th of May 2023 at the\nRegistered Office of the Company in Limassol, Cyprus. The Notice of the AGM,\nincluding Shareholder Proxy, is attached to this notice.\n\nContacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@adsmh.com \n\nAnders Hall Jomaas, CFO\n+47 400 42 918\nanders.jomaas@adsmh.com\n"},"extensions":{},"source":"ob"},{"news_id":"dcddcb81-f513-56c1-a972-3ccddec1470e","group_id":"cb9d8290-48e3-4976-96ee-0ee93fccfa22","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-financial-calendar-dcddcb81","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-dcddcb81","publish_date":"2023-04-27T14:24:54Z","html":"
Plc will be held at 16.00 hrs (local time) on Friday 26th of May 2023 at the
Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM,
including Shareholder Proxy, is attached to this notice.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@adsmh.com
Anders Hall Jomaas, CFO
+47 400 42 918
anders.jomaas@adsmh.com
Financial calendar for ADS Maritime Holding Plc","text":"Financial calendar for ADS Maritime Holding Plc\n\nFINANCIAL YEAR 2023\n\n31.08.2023 - Half-yearly Report\n26.05.2023 - Annual General Meeting\n\n26.05.2023 - Quarterly Report - Q1\n17.11.2023 - Quarterly Report - Q3\n16.02.2024 - Quarterly Report - Q4\n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"85d1fb08-d49a-54fc-aaaf-9f54f06a0fbe","group_id":"ddcc7d2f-29ee-47d8-a977-dbb2bec30675","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-option-declared-for-20-interest-in-chartered-in-vlcc-85d1fb08","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Option declared for 20% interest in chartered-in VLCC","slug":"ads-option-declared-for-20-interest-in-chartered-in-vlcc-85d1fb08","publish_date":"2023-03-31T07:07:57Z","html":"
FINANCIAL YEAR 2023
31.08.2023 - Half-yearly Report
26.05.2023 - Annual General Meeting
26.05.2023 - Quarterly Report - Q1
17.11.2023 - Quarterly Report - Q3
16.02.2024 - Quarterly Report - Q4
This information is published pursuant to the requirements set out in the
Continuing obligations.
With commencement in May 2022, ADS Maritime Holding Plc ("the Company")","text":"With commencement in May 2022, ADS Maritime Holding Plc (\"the Company\")\nsubscribed for a 20% interest in the chartered-in VLCC FPMC C Melody (the\n\"Vessel\") that is currently trading in Navig8's VL8 pool for a firm period of 12\nmonths with an option period of additional 12 months. This financial position\nhas turned out positively for the Company. Backed by the strong performance,\ncurrent attractive rates and a positive market outlook, the Company has\ntherefore declared the option to continue this position for another 12 months\nuntil May 2024. \"We think this is an attractive opportunity to continue our\nexposure to a strong tanker market,\" said CEO Terje Bodin Larsen. \n\nIn addition to this VLCC position, the Company also holds a 20% interest in a\nchartered-in scrubber-fitted MR that is trading in Navig8's MR pool for a firm\nperiod until June 2025.\n\nContact: Anders Hall Jomaas, CFO, +47 40 04 29 18, anders.jomaas@adsmh.com\n"},"extensions":{},"source":"ob"},{"news_id":"02bec60f-1f43-541b-8a29-5493d9204d26","group_id":"8fda6162-d121-4a54-95b8-740a928036f9","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-financial-calendar-02bec60f","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-02bec60f","publish_date":"2023-03-29T10:28:16Z","html":"
subscribed for a 20% interest in the chartered-in VLCC FPMC C Melody (the
"Vessel") that is currently trading in Navig8's VL8 pool for a firm period of 12
months with an option period of additional 12 months. This financial position
has turned out positively for the Company. Backed by the strong performance,
current attractive rates and a positive market outlook, the Company has
therefore declared the option to continue this position for another 12 months
until May 2024. "We think this is an attractive opportunity to continue our
exposure to a strong tanker market," said CEO Terje Bodin Larsen.
In addition to this VLCC position, the Company also holds a 20% interest in a
chartered-in scrubber-fitted MR that is trading in Navig8's MR pool for a firm
period until June 2025.
Contact: Anders Hall Jomaas, CFO, +47 40 04 29 18, anders.jomaas@adsmh.com
Financial calendar for ADS Maritime Holding Plc","text":"Financial calendar for ADS Maritime Holding Plc\n\nFINANCIAL YEAR 2023\n\n31.08.2023 - Half-yearly Report\n22.05.2023 - Annual General Meeting\n\n23.05.2023 - Quarterly Report - Q1\n17.11.2023 - Quarterly Report - Q3\n16.02.2024 - Quarterly Report - Q4\n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"008798ab-9f60-568d-bbbd-35d31ddfd174","group_id":"4d2a66f9-8399-4e83-8d7b-27c439527ba0","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-acquires-stake-in-dive-support-vessel-008798ab","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc acquires stake in Dive Support Vessel","slug":"ads-ads-maritime-holding-plc-acquires-stake-in-dive-support-vessel-008798ab","publish_date":"2023-03-29T05:00:00Z","html":"
FINANCIAL YEAR 2023
31.08.2023 - Half-yearly Report
22.05.2023 - Annual General Meeting
23.05.2023 - Quarterly Report - Q1
17.11.2023 - Quarterly Report - Q3
16.02.2024 - Quarterly Report - Q4
This information is published pursuant to the requirements set out in the
Continuing obligations.
ADS Maritime Holding Plc ("the Company") has acquired a 10% stake in a Dive","text":"ADS Maritime Holding Plc (\"the Company\") has acquired a 10% stake in a Dive\nSupport Vessel and will act as Commercial Manager with primary responsibility\nfor following up the shipowning company's activities related to the vessel and\nthe bareboat contract. \n \nThe vessel \"Southern Star\" is a high spec DP3 Dive Support Vessel (\"DSV\") built\nin 2017, well suited for light subsea construction work (150t subsea crane) and\nadvanced dive support work with accommodation for approximately 120 pax. The\nvessel was delivered 28 March 2023 and will be employed on a 5-year bareboat\ncontract, with a further sub-charter bareboat contract to a major provider of\nfully integrated subsea services. \n \nThe acquisition is part of the Company's strategy of opportunistic growth within\nshipping and offshore, where the Company during 2022 and 2023 has taken\npositions within the Shuttle, VLCC, MR and subsea segments. \n \nContact:\nAnders Hall Jomaas, CFO +47 400 42 918 anders.jomaas@adsmh.com\n"},"extensions":{},"source":"ob"},{"news_id":"edba3028-658b-5118-b316-7d1f2ae22378","group_id":"b72dee23-89e1-4708-a362-7b34649c3250","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-annual-report-2022-edba3028","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim","sub:report:interim:q4"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc Annual Report 2022","slug":"ads-ads-maritime-holding-plc-annual-report-2022-edba3028","publish_date":"2023-03-10T06:30:00Z","html":"
Support Vessel and will act as Commercial Manager with primary responsibility
for following up the shipowning company's activities related to the vessel and
the bareboat contract.
The vessel "Southern Star" is a high spec DP3 Dive Support Vessel ("DSV") built
in 2017, well suited for light subsea construction work (150t subsea crane) and
advanced dive support work with accommodation for approximately 120 pax. The
vessel was delivered 28 March 2023 and will be employed on a 5-year bareboat
contract, with a further sub-charter bareboat contract to a major provider of
fully integrated subsea services.
The acquisition is part of the Company's strategy of opportunistic growth within
shipping and offshore, where the Company during 2022 and 2023 has taken
positions within the Shuttle, VLCC, MR and subsea segments.
Contact:
Anders Hall Jomaas, CFO +47 400 42 918 anders.jomaas@adsmh.com
10 March 2023","text":"10 March 2023\n\nThe Board of Directors of ADS Maritime Holding Plc (\"ADS\" or the \"Company\") has\napproved the 2022 audited Annual Report. \n\nContacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 the Norwegian Securities Trading Act. This stock exchange release was\npublished by Dagfinn Andersen, Director Finance, ADS Maritime Holding Plc, on\n10 March 2023 at 08:00.\n"},"extensions":{},"source":"ob"},{"news_id":"5833772b-90bf-502b-b979-91e13c083d43","group_id":"b2df2a83-4229-4520-919e-c33e410fabac","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-new-cfo-of-ads-maritime-holding-plc-5833772b","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: New CFO of ADS Maritime Holding Plc","slug":"ads-new-cfo-of-ads-maritime-holding-plc-5833772b","publish_date":"2023-01-02T15:45:00Z","html":"
The Board of Directors of ADS Maritime Holding Plc ("ADS" or the "Company") has
approved the 2022 audited Annual Report.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act. This stock exchange release was
published by Dagfinn Andersen, Director Finance, ADS Maritime Holding Plc, on
10 March 2023 at 08:00.
02 January 2023","text":"02 January 2023 \n\nADS Maritime Holding Plc (\"ADS\" or the \"Company\") is pleased to announce that\nAnders Hall Jomaas with effect from 3 January 2023 has been appointed as new CFO\nof the Company. Anders Hall Jomaas has more than 20 years working experience\nfrom different positions within shipping and finance, of which 12 years as CFO\nof various shipping and offshore companies such as Deep Sea Supply Plc, Solstad\nOffshore ASA and DESS Aquaculture Shipping AS/Sølvtrans Management II AS. \n\nAnders Hall Jomaas will succeed Dagfinn Andersen, who will continue with the\nCompany and take up the position as Director Finance. Dagfinn has been with the\nADS/OSM group for more than 20 years and has played a key role in the\ndevelopment of the Company. We are very pleased that he will continue\ncontributing both within the finance team and to the further development of the\nCompany together with Anders, says Company CEO Terje Bodin Larsen.\n\nContact Terje Bodin Larsen, CEO +47 905 35 543 tbl@adsmh.com\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 the Norwegian Securities Trading Act. This stock exchange release was\npublished by Terje Bodin Larsen, CEO of ADS, on 02 January 2023 at 16:45 CET.\n"},"extensions":{},"source":"ob"},{"news_id":"fc2ebc79-0a69-54f1-ab3e-2e9d5375989b","group_id":"23628e28-f3dc-4615-b89e-248ed2e840f8","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-financial-calendar-fc2ebc79","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:calendar",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-fc2ebc79","publish_date":"2022-12-29T08:49:58Z","html":"
ADS Maritime Holding Plc ("ADS" or the "Company") is pleased to announce that
Anders Hall Jomaas with effect from 3 January 2023 has been appointed as new CFO
of the Company. Anders Hall Jomaas has more than 20 years working experience
from different positions within shipping and finance, of which 12 years as CFO
of various shipping and offshore companies such as Deep Sea Supply Plc, Solstad
Offshore ASA and DESS Aquaculture Shipping AS/Sølvtrans Management II AS.
Anders Hall Jomaas will succeed Dagfinn Andersen, who will continue with the
Company and take up the position as Director Finance. Dagfinn has been with the
ADS/OSM group for more than 20 years and has played a key role in the
development of the Company. We are very pleased that he will continue
contributing both within the finance team and to the further development of the
Company together with Anders, says Company CEO Terje Bodin Larsen.
Contact Terje Bodin Larsen, CEO +47 905 35 543 tbl@adsmh.com
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act. This stock exchange release was
published by Terje Bodin Larsen, CEO of ADS, on 02 January 2023 at 16:45 CET.
Financial calendar for ADS Maritime Holding Plc","text":"Financial calendar for ADS Maritime Holding Plc\n\nFINANCIAL YEAR 2022\n\n10.03.2023 - Annual Report\n\n\n\nFINANCIAL YEAR 2023\n\n31.08.2023 - Half-yearly Report\n\n26.05.2023 - Quarterly Report - Q1\n17.11.2023 - Quarterly Report - Q3\n16.02.2024 - Quarterly Report - Q4\n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"81eb1a1d-febb-5b2d-a935-8997d873d9a1","group_id":"e569a976-2a84-4171-9fbb-b5070218cd7e","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-acquires-stakes-in-two-mr-tankers-81eb1a1d","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc acquires stakes in two MR tankers","slug":"ads-ads-maritime-holding-plc-acquires-stakes-in-two-mr-tankers-81eb1a1d","publish_date":"2022-10-31T07:00:00Z","html":"
FINANCIAL YEAR 2022
10.03.2023 - Annual Report
FINANCIAL YEAR 2023
31.08.2023 - Half-yearly Report
26.05.2023 - Quarterly Report - Q1
17.11.2023 - Quarterly Report - Q3
16.02.2024 - Quarterly Report - Q4
This information is published pursuant to the requirements set out in the
Continuing obligations.
31 October 2022","text":"31 October 2022\n\nThe MR Product Tanker \"UOG Sparta\" was successfully delivered to its new owners\nin Durban, South Africa, at 14:08 (CET) 26th October.\n\nFurthermore, the MR Product Tanker \"UOG Oslo\" (previously named \"Swift Omaha\")\nwas successfully delivered to its new owners in Los Angeles, USA, at 21:20 (CET)\n27th October.\n\nADS Maritime Holding Plc will act as Disponent Owner for the vessels and holds a\n10 % shareholding in the owning companies.\n\nThe \"UOG Oslo\" is fixed on a 2-year charter for 24 months +/- 30 days. After\nthe firm period, the charterers have an optional period of 12 months. The vessel\nwill be delivered to the charterers in Los Angeles within October.\n\nThe \"UOG Sparta\", will sail from Durban during the weekend to the Arabian Gulf\n(est. 14 days), for trading in the spot market. The intention for the next\nvoyages is to trade her in the Middle East.\n\nThe acquisition is part of the Company's strategy for opportunistic growth in\nshipping, including the tanker market, where ADSMH recently has taken positions\nwithin several segments.\n\nContacts\n\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nThis stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime\nHolding Plc, on 31st October 2022 at 08:00 CET.\n\nAbout ADS Maritime Holding\n\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\n\nFor more information, visit www.adsmh.com\n\nForward looking statements\n\nThe information included herein may contain forward looking statements. Forward\nlooking statements include all statements that are not historical facts,\nincluding but not limited to statements expressing or implying the Company's\nintent, belief or current expectations with respect to, among other things,\nforecasts, estimates, and predictions. Such forward looking statements\nnecessarily involve risks and uncertainties and are dependent on assumptions,\ninformation, data or methods that may be incorrect or imprecise. Actual results\ncould differ materially from expectations expressed in the forward-looking\nstatements if one or more of the underlying assumptions or expectations proves\nto be inaccurate or is unrealized. Actual results may differ materially from\nthose expected or projected in the forward-looking statements. The Company\nundertakes no responsibility or obligation to update or alter forward-looking\nstatements for any reason."},"extensions":{},"source":"ob"},{"news_id":"b491757d-fd8b-52b9-a065-a890ff076f10","group_id":"effd0a2f-3195-4e68-8152-27d1dc89adf9","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-result-of-subsequent-offering-b491757d","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Result of Subsequent Offering","slug":"ads-maritime-holding-plc-result-of-subsequent-offering-b491757d","publish_date":"2022-10-19T06:48:53Z","html":"
The MR Product Tanker "UOG Sparta" was successfully delivered to its new owners
in Durban, South Africa, at 14:08 (CET) 26th October.
Furthermore, the MR Product Tanker "UOG Oslo" (previously named "Swift Omaha")
was successfully delivered to its new owners in Los Angeles, USA, at 21:20 (CET)
27th October.
ADS Maritime Holding Plc will act as Disponent Owner for the vessels and holds a
10 % shareholding in the owning companies.
The "UOG Oslo" is fixed on a 2-year charter for 24 months +/- 30 days. After
the firm period, the charterers have an optional period of 12 months. The vessel
will be delivered to the charterers in Los Angeles within October.
The "UOG Sparta", will sail from Durban during the weekend to the Arabian Gulf
(est. 14 days), for trading in the spot market. The intention for the next
voyages is to trade her in the Middle East.
The acquisition is part of the Company's strategy for opportunistic growth in
shipping, including the tanker market, where ADSMH recently has taken positions
within several segments.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
This stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime
Holding Plc, on 31st October 2022 at 08:00 CET.
About ADS Maritime Holding
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
Forward looking statements
The information included herein may contain forward looking statements. Forward
looking statements include all statements that are not historical facts,
including but not limited to statements expressing or implying the Company's
intent, belief or current expectations with respect to, among other things,
forecasts, estimates, and predictions. Such forward looking statements
necessarily involve risks and uncertainties and are dependent on assumptions,
information, data or methods that may be incorrect or imprecise. Actual results
could differ materially from expectations expressed in the forward-looking
statements if one or more of the underlying assumptions or expectations proves
to be inaccurate or is unrealized. Actual results may differ materially from
those expected or projected in the forward-looking statements. The Company
undertakes no responsibility or obligation to update or alter forward-looking
statements for any reason.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN\nAUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S\nREPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE\nUNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR\nDISTRIBUTION WOULD BE UNLAWFUL.\n\nReference is made to the stock exchange announcement by ADS Maritime Holding Plc\n(the \"Company\") published on 18 October 2022 regarding the expiry of the\napplication period (the \"Application Period\") for the subsequent offering (the\n\"Subsequent Offering\") of up to up to 34,190,476 existing ordinary shares in the\nCompany (the \"Offer Shares\") at a price of NOK 2.10 per Offer Share.\n\nThe Application Period for the Subsequent Offering expired on 18 October 2022 at\n16:30 (CEST). By the end of the Application Period, the Company had received\nvalid applications for a total of 202,209 Offer Shares. A total of 202,209 Offer\nShares have been allocated by the Company's board of directors in accordance\nwith the allocation criteria set out in the Company's prospectus dated, 3\nOctober 2022.\n\nNotification of allocated Offer Shares in the Subsequent Offering and the\ncorresponding amount to be paid by each applicant is set out in a separate\nnotification letter to each applicant to whom Offer Shares have been allotted.\nThe due date for payment of allocated Offer Shares is 24 October 2022.\n\nSubject to timely payment, the Offer Shares will be delivered to the VPS\naccounts of the Applicants to whom they have been allocated on or about 26\nOctober 2022.\n\nPlease refer to the attached template regarding the disclosure of B T Larsen &\nCo Ltd. pursuant to section 19 of the Market Abuse Regulation.\n\nArctic Securities AS act as the manager and the receiving agent in the\nSubsequent Offering.\n\nFor further information, please contact:\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc\n\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For\nmore information, visit www.adsmh.com\n\nImportant information\n\nThe release is not for publication or distribution, in whole or in part directly\nor indirectly, in or into Australia, Canada, Japan Hong or any other\njurisdiction in which such release, publication or distribution would be\nunlawfull. This release is an announcement issued pursuant to legal information\nobligations and is subject to the disclosure requirements of section 5-12 of the\nNorwegian Securities Trading Act. It is issued for information purposes only and\ndoes not constitute or form part of any offer or solicitation to purchase or\nsubscribe for securities, in the United States or in any other jurisdiction. The\nsecurities mentioned herein have not been, and will not be, registered under the\nUnited States Securities Act of 1933, as amended (the \"US Securities Act\"). The\nsecurities may not be offered or sold in the United States except pursuant to an\nexemption from the registration requirements of the US Securities Act. The\nCompany does not intend to register any portion of any offering of the\nsecurities in the United States or to conduct a public offering of the\nsecurities in the United States. Copies of this announcement are not being made\nand may not be distributed or sent into Australia, Canada, Japan or the United\nStates.\n\nThe issue, subscription or purchase of shares in the Company is subject to\nspecific legal or regulatory restrictions in certain jurisdictions. Neither the\nCompany nor the Manager assume any responsibility in the event there is a\nviolation by any person of such restrictions. The distribution of this release\nmay in certain jurisdictions be restricted by law. Persons into whose possession\nthis release comes should inform themselves about and observe any such\nrestrictions. Any failure to comply with these restrictions may constitute a\nviolation of the securities laws of any such jurisdiction.\n\nThe Manager is acting for the Company and no one else in connection with the\nPrivate Placement in the Company, and will not be responsible to anyone other\nthan the Company providing the protections afforded to its clients or for\nproviding advice in relation to the Private Placement and/or any other matter\nreferred to in this release.\n\nForward-looking statements: This release and any materials distributed in\nconnection with this release may contain certain forward-looking statements. By\ntheir nature, forward-looking statements involve risk and uncertainty because\nthey reflect the Company's current expectations and assumptions as to future\nevents and circumstances that may not prove accurate. A number of material\nfactors could cause actual results and developments to differ materially from\nthose expressed or implied by these forward-looking statements."},"extensions":{},"source":"ob"},{"news_id":"a1230586-423f-532a-b35e-6cae61212e54","group_id":"c03df590-ce23-4129-a9a4-798e81b4d9a9","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-last-day-of-application-period-in-the-subsequent-offering-a1230586","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Last day of application period in the Subsequent Offering","slug":"ads-maritime-holding-plc-last-day-of-application-period-in-the-subsequent-offering-a1230586","publish_date":"2022-10-18T05:55:00Z","html":"
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE
UNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
Reference is made to the stock exchange announcement by ADS Maritime Holding Plc
(the "Company") published on 18 October 2022 regarding the expiry of the
application period (the "Application Period") for the subsequent offering (the
"Subsequent Offering") of up to up to 34,190,476 existing ordinary shares in the
Company (the "Offer Shares") at a price of NOK 2.10 per Offer Share.
The Application Period for the Subsequent Offering expired on 18 October 2022 at
16:30 (CEST). By the end of the Application Period, the Company had received
valid applications for a total of 202,209 Offer Shares. A total of 202,209 Offer
Shares have been allocated by the Company's board of directors in accordance
with the allocation criteria set out in the Company's prospectus dated, 3
October 2022.
Notification of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each applicant is set out in a separate
notification letter to each applicant to whom Offer Shares have been allotted.
The due date for payment of allocated Offer Shares is 24 October 2022.
Subject to timely payment, the Offer Shares will be delivered to the VPS
accounts of the Applicants to whom they have been allocated on or about 26
October 2022.
Please refer to the attached template regarding the disclosure of B T Larsen &
Co Ltd. pursuant to section 19 of the Market Abuse Regulation.
Arctic Securities AS act as the manager and the receiving agent in the
Subsequent Offering.
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For
more information, visit www.adsmh.com
Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong or any other
jurisdiction in which such release, publication or distribution would be
unlawfull. This release is an announcement issued pursuant to legal information
obligations and is subject to the disclosure requirements of section 5-12 of the
Norwegian Securities Trading Act. It is issued for information purposes only and
does not constitute or form part of any offer or solicitation to purchase or
subscribe for securities, in the United States or in any other jurisdiction. The
securities mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "US Securities Act"). The
securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the US Securities Act. The
Company does not intend to register any portion of any offering of the
securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into Australia, Canada, Japan or the United
States.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN\nAUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S\nREPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE\nUNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR\nDISTRIBUTION WOULD BE UNLAWFUL.\n\nReference is made to the stock exchange announcement published by ADS Maritime\nHolding Plc (the \"Company\") on 3 October 2022 regarding the subsequent offering\n(the \"Subsequent Offering\") of up to 34,190,476 existing ordinary shares in the\nCompany held by B T Larsen & Co Ltd. (the \"Offer Shares\") at a price of NOK 2.10\nper Offer Share (the \"Offer Price\").\n\nThe application period for the Subsequent Offering will expire at 16:30 hours\n(CEST) today, on 18 October 2022.\n\nCorrectly completed application forms must be received by Arctic Securities AS\n(the \"Manager\") before the end of the application period. The allocation rights\n(\"Allocation Rights\") that are not used to apply for offer shares in the\nSubsequent Offering before the expiry of the application period will expire and\nhave no value.\n\nIf the market price of the Company's shares exceed the Offer Price, the\nAllocation Rights will have financial value. If the market price of the\nCompany's shares is below the Offer Price, the Allocation Rights will not have\nfinancial value because it will be possible to buy shares in the market at lower\nprices than the Offer Price, subject to sufficient volume of shares being\navailable for purchase.\n\nFor further information about the Subsequent Offering, please refer to the\nprospectus dated 3 October 2022 (the \"Prospectus\"). The Prospectus, including\nthe application form in the Subsequent Offering, is available electronically at\nthe Manager's website: https://www.arctic.com/secno/en/offerings.\n\nFor further information, please contact:\n\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For\nmore information, visit www.adsmh.com\n\nImportant information\n\nThis release is not for publication or distribution, in whole or in part\ndirectly or indirectly, in or into Australia, Canada, Japan Hong Kong or the\nUnited States (including its territories and possessions, any state of the\nUnited States and the District of Columbia). This release is an announcement\nissued pursuant to legal information obligations and is subject to the\ndisclosure requirements of section 5-12 of the Norwegian Securities Trading Act.\nIt is issued for information purposes only and does not constitute or form part\nof any offer or solicitation to purchase or subscribe for securities, in the\nUnited States or in any other jurisdiction. The securities mentioned herein have\nnot been, and will not be, registered under the United States Securities Act of\n1933, as amended (the \"US Securities Act\"). The securities may not be offered or\nsold in the United States except pursuant to an exemption from the registration\nrequirements of the US Securities Act. The Company does not intend to register\nany portion of any offering of the securities in the United States or to conduct\na public offering of the securities in the United States. Copies of this\nannouncement are not being made and may not be distributed or sent into\nAustralia, Canada, Japan or the United States.\n\nThe issue, subscription or purchase of shares in the Company is subject to\nspecific legal or regulatory restrictions in certain jurisdictions. Neither the\nCompany nor the Manager assume any responsibility in the event there is a\nviolation by any person of such restrictions. The distribution of this release\nmay in certain jurisdictions be restricted by law. Persons into whose possession\nthis release comes should inform themselves about and observe any such\nrestrictions. Any failure to comply with these restrictions may constitute a\nviolation of the securities laws of any such jurisdiction.\n\nThe Manager is acting for the Company and no one else in connection with the\nPrivate Placement in the Company, and will not be responsible to anyone other\nthan the Company providing the protections afforded to its clients or for\nproviding advice in relation to the Private Placement and/or any other matter\nreferred to in this release."},"extensions":{},"source":"ob"},{"news_id":"edba246d-9a95-5498-a627-ce702daa2f4b","group_id":"a8887601-21d7-457e-9d8f-f0370b2c6608","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-issue-of-prospectus-and-commencement-of-subsequent-offering-edba246d","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:shares","sub:ca:shares:issuance",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Issue of prospectus and commencement of Subsequent Offering","slug":"ads-maritime-holding-plc-issue-of-prospectus-and-commencement-of-subsequent-offering-edba246d","publish_date":"2022-10-03T13:45:00Z","html":"
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE
UNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
Reference is made to the stock exchange announcement published by ADS Maritime
Holding Plc (the "Company") on 3 October 2022 regarding the subsequent offering
(the "Subsequent Offering") of up to 34,190,476 existing ordinary shares in the
Company held by B T Larsen & Co Ltd. (the "Offer Shares") at a price of NOK 2.10
per Offer Share (the "Offer Price").
The application period for the Subsequent Offering will expire at 16:30 hours
(CEST) today, on 18 October 2022.
Correctly completed application forms must be received by Arctic Securities AS
(the "Manager") before the end of the application period. The allocation rights
("Allocation Rights") that are not used to apply for offer shares in the
Subsequent Offering before the expiry of the application period will expire and
have no value.
If the market price of the Company's shares exceed the Offer Price, the
Allocation Rights will have financial value. If the market price of the
Company's shares is below the Offer Price, the Allocation Rights will not have
financial value because it will be possible to buy shares in the market at lower
prices than the Offer Price, subject to sufficient volume of shares being
available for purchase.
For further information about the Subsequent Offering, please refer to the
prospectus dated 3 October 2022 (the "Prospectus"). The Prospectus, including
the application form in the Subsequent Offering, is available electronically at
the Manager's website: https://www.arctic.com/secno/en/offerings.
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For
more information, visit www.adsmh.com
Important information
This release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan Hong Kong or the
United States (including its territories and possessions, any state of the
United States and the District of Columbia). This release is an announcement
issued pursuant to legal information obligations and is subject to the
disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.
It is issued for information purposes only and does not constitute or form part
of any offer or solicitation to purchase or subscribe for securities, in the
United States or in any other jurisdiction. The securities mentioned herein have
not been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of any offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN\nAUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S\nREPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE\nUNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR\nDISTRIBUTION WOULD BE UNLAWFUL.\n\nLimassol, 3 October 2022\n\nReference is made to the stock exchange release from ADS Maritime Holding Plc\n(\"ADS\" or the \"Company\") published on 22 July 2022 regarding completion of a\nprivate placement in the Company raising gross proceeds of approx. NOK 100\nmillion (the \"Private Placement\") and the separate stock exchange release as of\nthe same date, regarding key information relating to a potential subsequent\noffering. In the said releases, the board of directors of the Company (the\n\"Board\") announced that it intended to carry out a subsequent offering,\nconsisting of a secondary sale of up to 34,190,476 existing ordinary shares in\nthe Company by the Underwriter (the \"Subsequent Offering\").\n\nIn the Subsequent Offering, eligible shareholders, being shareholders of the\nCompany as of 22 July 2022, as registered in the Norwegian Central Securities\nDepository (the \"VPS\") on 26 July 2022 pursuant to the VPS' standard two day\nsettlement procedure (the \"Record Date\"), except for shareholders (i) who were\nallocated shares in the Company's private placement announced on 22 July 2022\n(the \"Private Placement\"), and (ii) who are resident in a jurisdiction, other\nthan Norway, where such offering would be unlawful, or would require a\nprospectus filing, registration or similar actions (such eligible shareholders\njointly, \"Eligible Shareholder\") will be granted non-transferable allocation\nrights (the \"Allocation Rights\") that, subject to applicable law, give a right\nto apply for and be allocated Offer Shares in the Subsequent Offering (the\n\"Subsequent Offer Shares\")at the Allocation Price (as defined below).\n\nThe Application Period in the Subsequent Offering commences on 4 October 2022 at\n09:00 (CEST) and ends on 18 October 2022 at 16:30 (CEST). The offer price (the\n\"Offer Price\") is NOK 2.10 per Offer Share. If the market price of the Company's\nshares exceed the Offer Price, the Allocation Rights will have\nfinancial value. However, if the market price of the Company's shares is below\nthe Offer Price, the Allocation Rights will not have financial value because it\nwill be possible to buy shares in the market at cheaper prices than the Offer\nPrice, subject to sufficient volume of shares being available for purchase.\n\nEligible Shareholders will be granted 2.03981 Allocation Rights for every\nexisting share registered as held by such Eligible Shareholder as of the Record\nDate, rounded down to the nearest whole Allocation Right. One (1) allocation\nwill give the right to apply for and be allocated one (1) Offer Share. The\nmaximum number of Offer Shares that will be allocated as part of the Subsequent\nOffering is limited to the amount of Allocation Rights in issue. Applications\nwithout Allocation Rights will not be permitted. The Allocation Rights will not\nbe tradable. Allocation Rights that are not used to apply for Offer Shares\nbefore the end of the Application Period will have no value and will lapse\nwithout compensation to the holder.\n\nThe Subsequent Offer Shares are existing shares in the Company offered by one of\nthe Company's shareholders, B T Larsen & Co Ltd (the \"Selling shareholder\"). Any\nOffer Shares that are not allocated on the basis of exercised Allocation Rights\nwill remain in the holding of the Selling Shareholder.\n\nIn order to apply for shares, Eligible Shareholders must provide Arctic\nSecurities AS (the \"Manager\") with a correctly completed and duly signed\napplication form within the end of the Application Period. Further instructions\nregarding the allocation procedure are available in the Prospectus (as defined\nbelow). The Application Rights must be used to apply for Offer Shares in the\nApplication Period and before the expiry of the Application Period 18 October\n2022 at 16:30 hours (CEST).\n\nNotifications of allocation in the Subsequent Offering are expected to be issued\non or about 19 October 2022. The due date for payment of allocated Offer Shares\nis on or about 24 October 2022 (the \"Payment Date\"). A prospectus dated 3\nOctober 2022 (the \"Prospectus\") is available electronically at\nhttps://www.arctic.com/secno/en/offerings.\n\nArctic Securities AS act as the Manager and receiving agent in the Subsequent\nOffering.\n\nFor further information, please contact:\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For\nmore information, visit www.adsmh.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation. This stock exchange release was published by Dagfinn\nAndersen, Chief Financial Officer on the time and date provided.\n\nImportant information\n\nThe release is not for publication or distribution, in whole or in part directly\nor indirectly, in or into Australia, Canada, Japan Hong Kong or the United\nStates (including its territories and possessions, any state of the United\nStates and the District of Columbia). This release is an announcement issued\npursuant to legal information obligations and is subject to the disclosure\nrequirements of section 5-12 of the Norwegian Securities Trading Act. It is\nissued for information purposes only and does not constitute or form part of any\noffer or solicitation to purchase or subscribe for securities, in the United\nStates or in any other jurisdiction. The securities mentioned herein have not\nbeen, and will not be, registered under the United States Securities Act of\n1933, as amended (the \"US Securities Act\"). The securities may not be offered or\nsold in the United States except pursuant to an exemption from the registration\nrequirements of the US Securities Act. The Company does not intend to register\nany portion of any offering of the securities in the United States or to conduct\na public offering of the securities in the United States. Copies of this\nannouncement are not being made and may not be distributed or sent into\nAustralia, Canada, Japan or the United States.\n\nThe issue, subscription or purchase of shares in the Company is subject to\nspecific legal or regulatory restrictions in certain jurisdictions. Neither the\nCompany nor the Manager assume any responsibility in the event there is a\nviolation by any person of such restrictions. The distribution of this release\nmay in certain jurisdictions be restricted by law. Persons into whose possession\nthis release comes should inform themselves about and observe any such\nrestrictions. Any failure to comply with these restrictions may constitute a\nviolation of the securities laws of any such jurisdiction.\n\nThe Manager is acting for the Company and no one else in connection with the\nPrivate Placement in the Company, and will not be responsible to anyone other\nthan the Company providing the protections afforded to its clients or for\nproviding advice in relation to the Private Placement and/or any other matter\nreferred to in this release.\n\nForward-looking statements: This release and any materials distributed in\nconnection with this release may contain certain forward-looking statements. By\ntheir nature, forward-looking statements involve risk and uncertainty because\nthey reflect the Company's current expectations and assumptions as to future\nevents and circumstances that may not prove accurate. A number of material\nfactors could cause actual results and developments to differ materially from\nthose expressed or implied by these forward-looking statements."},"extensions":{},"source":"ob"},{"news_id":"38fd2b1d-e717-5f05-a0b3-d23ad9664ae6","group_id":"6f04a781-c1b4-4865-980e-74b14d6c1bf9","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-acquires-stakes-in-two-mr-tankers-38fd2b1d","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc acquires stakes in two MR tankers","slug":"ads-ads-maritime-holding-plc-acquires-stakes-in-two-mr-tankers-38fd2b1d","publish_date":"2022-09-26T06:00:00Z","html":"
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE
UNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
Limassol, 3 October 2022
Reference is made to the stock exchange release from ADS Maritime Holding Plc
("ADS" or the "Company") published on 22 July 2022 regarding completion of a
private placement in the Company raising gross proceeds of approx. NOK 100
million (the "Private Placement") and the separate stock exchange release as of
the same date, regarding key information relating to a potential subsequent
offering. In the said releases, the board of directors of the Company (the
"Board") announced that it intended to carry out a subsequent offering,
consisting of a secondary sale of up to 34,190,476 existing ordinary shares in
the Company by the Underwriter (the "Subsequent Offering").
In the Subsequent Offering, eligible shareholders, being shareholders of the
Company as of 22 July 2022, as registered in the Norwegian Central Securities
Depository (the "VPS") on 26 July 2022 pursuant to the VPS' standard two day
settlement procedure (the "Record Date"), except for shareholders (i) who were
allocated shares in the Company's private placement announced on 22 July 2022
(the "Private Placement"), and (ii) who are resident in a jurisdiction, other
than Norway, where such offering would be unlawful, or would require a
prospectus filing, registration or similar actions (such eligible shareholders
jointly, "Eligible Shareholder") will be granted non-transferable allocation
rights (the "Allocation Rights") that, subject to applicable law, give a right
to apply for and be allocated Offer Shares in the Subsequent Offering (the
"Subsequent Offer Shares")at the Allocation Price (as defined below).
The Application Period in the Subsequent Offering commences on 4 October 2022 at
09:00 (CEST) and ends on 18 October 2022 at 16:30 (CEST). The offer price (the
"Offer Price") is NOK 2.10 per Offer Share. If the market price of the Company's
shares exceed the Offer Price, the Allocation Rights will have
financial value. However, if the market price of the Company's shares is below
the Offer Price, the Allocation Rights will not have financial value because it
will be possible to buy shares in the market at cheaper prices than the Offer
Price, subject to sufficient volume of shares being available for purchase.
Eligible Shareholders will be granted 2.03981 Allocation Rights for every
existing share registered as held by such Eligible Shareholder as of the Record
Date, rounded down to the nearest whole Allocation Right. One (1) allocation
will give the right to apply for and be allocated one (1) Offer Share. The
maximum number of Offer Shares that will be allocated as part of the Subsequent
Offering is limited to the amount of Allocation Rights in issue. Applications
without Allocation Rights will not be permitted. The Allocation Rights will not
be tradable. Allocation Rights that are not used to apply for Offer Shares
before the end of the Application Period will have no value and will lapse
without compensation to the holder.
The Subsequent Offer Shares are existing shares in the Company offered by one of
the Company's shareholders, B T Larsen & Co Ltd (the "Selling shareholder"). Any
Offer Shares that are not allocated on the basis of exercised Allocation Rights
will remain in the holding of the Selling Shareholder.
In order to apply for shares, Eligible Shareholders must provide Arctic
Securities AS (the "Manager") with a correctly completed and duly signed
application form within the end of the Application Period. Further instructions
regarding the allocation procedure are available in the Prospectus (as defined
below). The Application Rights must be used to apply for Offer Shares in the
Application Period and before the expiry of the Application Period 18 October
2022 at 16:30 hours (CEST).
Notifications of allocation in the Subsequent Offering are expected to be issued
on or about 19 October 2022. The due date for payment of allocated Offer Shares
is on or about 24 October 2022 (the "Payment Date"). A prospectus dated 3
October 2022 (the "Prospectus") is available electronically at
https://www.arctic.com/secno/en/offerings.
Arctic Securities AS act as the Manager and receiving agent in the Subsequent
Offering.
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For
more information, visit www.adsmh.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.
Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). This release is an announcement issued
pursuant to legal information obligations and is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading Act. It is
issued for information purposes only and does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities, in the United
States or in any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of any offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.
26 September, 2022","text":"26 September, 2022\n\nADS Maritime Holding Plc (\"ADSMH\" or \"the Company\") has acquired a 10 % stake in\ntwo MR tankers and will act as disponent owner with primary responsibility for\nfollowing up the owning companies' activities related to the vessels.\n\nThe vessel Swift Omaha, to be renamed \"UOG Oslo\", 46.100 dwt built 2010, is\nexpected to be delivered late October 2022 and the intention is to employ her on\na 2-year TC, where discussions are underway with major charterers. The vessel\nUOG Sparta, 49.999 dwt built 2009, will be delivered alongside Swift Omaha. UOG\nSparta will be delivered in the Pacific and traded in the spot market. The\nCommercial Manager is evaluating the market to find the best possible charter\ncontracts for the ships to maximize shareholders' value.\n\nThe acquisition is part of the Company's strategy of opportunistic growth in\nshipping, including the tanker market, where the Company during 2022 has taken\npositions within the Shuttle, VLCC and MR segments.\n\nContacts\n\nTerje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no\n\nDagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no\n\nThis stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime\nHolding Plc, on 26 September 2022 at 08:00 CET.\n\nAbout ADS Maritime Holding\n\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has a Norwegian subsidiary based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nForward looking statements\n\nThe information included herein may contain forward looking statements. Forward\nlooking statements include all statements that are not historical facts,\nincluding but not limited to statements expressing or implying the Company's\nintent, belief or current expectations with respect to, among other things,\nforecasts, estimates, and predictions. Such forward looking statements\nnecessarily involve risks and uncertainties and are dependent on assumptions,\ninformation, data or methods that may be incorrect or imprecise. Actual results\ncould differ materially from expectations expressed in the forward-looking\nstatements if one or more of the underlying assumptions or expectations proves\nto be inaccurate or is unrealized. Actual results may differ materially from\nthose expected or projected in the forward-looking statements. The Company\nundertakes no responsibility or obligation to update or alter forward-looking\nstatements for any reason."},"extensions":{},"source":"ob"},{"news_id":"9e226c64-b710-552c-b94d-7036db96dca4","group_id":"6cb709ec-ddc7-49d5-915f-05e18253963d","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-registration-of-share-capital-increase-9e226c64","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Registration of share capital increase","slug":"ads-maritime-holding-plc-registration-of-share-capital-increase-9e226c64","publish_date":"2022-09-08T10:46:29Z","html":"
ADS Maritime Holding Plc ("ADSMH" or "the Company") has acquired a 10 % stake in
two MR tankers and will act as disponent owner with primary responsibility for
following up the owning companies' activities related to the vessels.
The vessel Swift Omaha, to be renamed "UOG Oslo", 46.100 dwt built 2010, is
expected to be delivered late October 2022 and the intention is to employ her on
a 2-year TC, where discussions are underway with major charterers. The vessel
UOG Sparta, 49.999 dwt built 2009, will be delivered alongside Swift Omaha. UOG
Sparta will be delivered in the Pacific and traded in the spot market. The
Commercial Manager is evaluating the market to find the best possible charter
contracts for the ships to maximize shareholders' value.
The acquisition is part of the Company's strategy of opportunistic growth in
shipping, including the tanker market, where the Company during 2022 has taken
positions within the Shuttle, VLCC and MR segments.
Contacts
Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no
Dagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no
This stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime
Holding Plc, on 26 September 2022 at 08:00 CET.
About ADS Maritime Holding
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has a Norwegian subsidiary based in Arendal, Norway.
For more information, visit www.adsmh.com
Forward looking statements
The information included herein may contain forward looking statements. Forward
looking statements include all statements that are not historical facts,
including but not limited to statements expressing or implying the Company's
intent, belief or current expectations with respect to, among other things,
forecasts, estimates, and predictions. Such forward looking statements
necessarily involve risks and uncertainties and are dependent on assumptions,
information, data or methods that may be incorrect or imprecise. Actual results
could differ materially from expectations expressed in the forward-looking
statements if one or more of the underlying assumptions or expectations proves
to be inaccurate or is unrealized. Actual results may differ materially from
those expected or projected in the forward-looking statements. The Company
undertakes no responsibility or obligation to update or alter forward-looking
statements for any reason.
Reference is made to the stock exchange announcement by ADS Maritime Holding Plc","text":"Reference is made to the stock exchange announcement by ADS Maritime Holding Plc\n(the \"Company\") dated 22 July 2022 regarding the successful placement of\n47,619,048 new shares in the Company, raising gross proceeds of approx. NOK 100\nmillion (the \"Private Placement\").\n\nThe share capital increase pertaining to the Private Placement has been\nregistered with the relevant Cyprus register. The new registered share capital\nof the Company is USD 14,201,869.60 divided into 71,009,348 validly and legally\nissued and fully paid up shares, each with a par value of USD 0.20.\n\nFor further information, please contact:\n\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\nda@ads.no\n\nAbout ADS Maritime Holding Plc\n\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation. This stock exchange release was published by Dagfinn\nAndersen, Chief Financial Officer on the time and date provided."},"extensions":{},"source":"ob"},{"news_id":"c984990c-46dc-5da6-b77d-e924c5f782f4","group_id":"569b5be5-5ca0-4a35-93df-b9abf1f713d8","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-update-on-sale-leaseback-transaction-c984990c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:insider",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Update on sale-leaseback transaction","slug":"ads-maritime-holding-plc-update-on-sale-leaseback-transaction-c984990c","publish_date":"2022-09-02T06:00:00Z","html":"
(the "Company") dated 22 July 2022 regarding the successful placement of
47,619,048 new shares in the Company, raising gross proceeds of approx. NOK 100
million (the "Private Placement").
The share capital increase pertaining to the Private Placement has been
registered with the relevant Cyprus register. The new registered share capital
of the Company is USD 14,201,869.60 divided into 71,009,348 validly and legally
issued and fully paid up shares, each with a par value of USD 0.20.
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
da@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.
ADS Maritime Holding Plc (the "Company") has informed the market that it has","text":"ADS Maritime Holding Plc (the \"Company\") has informed the market that it has\nsubscribed for a 20 % stake in three LR 2/Aframax tankers in a sale-leaseback\ndeal, which was expected to be concluded shortly (the \"Transaction\"). The\nCompany has been notified by the deal manager that the seller has withdrawn from\nthe Transaction. These surprising turn of events, entail that the Transaction\nwill not come to a close. While the Company regrets the termination of the\nTransaction, this enables the Company's pursuit of other investment\nopportunities.\n\nFor further information, please contact:\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\nda@ads.no\n\nAbout ADS Maritime Holding Plc\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation. This stock exchange release was published by Dagfinn\nAndersen, Chief Financial Officer on the time and date provided."},"extensions":{},"source":"ob"},{"news_id":"2d787c76-43af-5e89-8f34-4ff9b73d2e64","group_id":"ecab752b-76ce-4eda-9ce7-2ed0632033c9","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-first-half-year-2022-report-2d787c76","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding first half year 2022 report","slug":"ads-ads-maritime-holding-first-half-year-2022-report-2d787c76","publish_date":"2022-08-31T05:45:00Z","html":"
subscribed for a 20 % stake in three LR 2/Aframax tankers in a sale-leaseback
deal, which was expected to be concluded shortly (the "Transaction"). The
Company has been notified by the deal manager that the seller has withdrawn from
the Transaction. These surprising turn of events, entail that the Transaction
will not come to a close. While the Company regrets the termination of the
Transaction, this enables the Company's pursuit of other investment
opportunities.
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
da@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.
ADS Maritime Holding Plc ("ADS Maritime Holding" or the "Company") announces the","text":"ADS Maritime Holding Plc (\"ADS Maritime Holding\" or the \"Company\") announces the\nrelease of its first half year 2022 report\n\n31 August 2022\n\nPlease find the Company's first half year 2022 report attached.\n\nContacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\nda@ads.no\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act. This stock exchange release was\npublished by Dagfinn Andersen, CFO, ADS Maritime Holding Plc, on 31 August 2022\nat 08:00 CET."},"extensions":{},"source":"ob"},{"news_id":"86991e1f-e9cd-5cc1-9997-8349d19084cb","group_id":"ffbd4d17-940b-468f-9604-14599faa9ee0","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-key-information-relating-to-a-potential-subsequent-offering-to-be-carried-out-by-ads-maritime-holding-plc-86991e1f","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Key information relating to a potential subsequent offering to be carried out by ADS Maritime Holding Plc","slug":"ads-key-information-relating-to-a-potential-subsequent-offering-to-be-carried-out-by-ads-maritime-holding-plc-86991e1f","publish_date":"2022-07-22T20:35:52Z","html":"
release of its first half year 2022 report
31 August 2022
Please find the Company's first half year 2022 report attached.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
da@ads.no
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. This stock exchange release was
published by Dagfinn Andersen, CFO, ADS Maritime Holding Plc, on 31 August 2022
at 08:00 CET.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR\nINDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES\nOR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION\nWOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE\nSECURITIES DESCRIBED HEREIN.\n\nReference is made to the stock exchange announcement published by ADS Maritime\nHolding Plc (the \"Company\") on 22 July 2022 regarding completion of a private\nplacement in the Company raising gross proceeds of approx. NOK 100 million (the\n\"Private Placement\"), as well as a potential subsequent offering of up to\n34,190,476 secondary sale of ordinary shares by B T Larsen & Co Ltd (the\n\"Underwriter\") at a subscription price per share equal to the subscription price\nin the Private Placement (the \"Subsequent Offering\").\n\nDate on which the terms and conditions of the subsequent offering were\nannounced: 22 July 2022\n\nLast day including right: 22 July 2022\n\nEx-date: 25 July 2022\n\nRecord date: 26 July 2022\n\nDate of approval: 22 July 2022\n\nMaximum number of secondary sale of ordinary shares: 34,190,476\n\nSubscription price: NOK 2.10\n\nOther information: Further description of the Subsequent Offering and the terms\nand other circumstances that must be taken into consideration when subscribing\nfor shares will be included in a prospectus that will be prepared in connection\nwith the Subsequent Offering. The Company reserves the right in its sole\ndiscretion to not conduct or to cancel the Subsequent Offering.\n\nFor further information, please contact:\n\nTerje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no\n\nDagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc ADS Maritime Holding Plc is a public limited\ncompany listed on Euronext Growth Oslo (ticker ADS). The Company is incorporated\nand domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nThis information is published in accordance with the requirements of the\nContinuing Obligations for companies listed on Euronext Growth Oslo."},"extensions":{},"source":"ob"},{"news_id":"6bed3c2b-7c84-5af9-ae1e-2862cec896b3","group_id":"40e1d039-97dd-4ee9-9a6f-32fb9f8b529b","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-private-placement-successfully-placed-6bed3c2b","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Private Placement Successfully Placed","slug":"ads-maritime-holding-plc-private-placement-successfully-placed-6bed3c2b","publish_date":"2022-07-22T20:08:35Z","html":"
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange announcement published by ADS Maritime
Holding Plc (the "Company") on 22 July 2022 regarding completion of a private
placement in the Company raising gross proceeds of approx. NOK 100 million (the
"Private Placement"), as well as a potential subsequent offering of up to
34,190,476 secondary sale of ordinary shares by B T Larsen & Co Ltd (the
"Underwriter") at a subscription price per share equal to the subscription price
in the Private Placement (the "Subsequent Offering").
Date on which the terms and conditions of the subsequent offering were
announced: 22 July 2022
Last day including right: 22 July 2022
Ex-date: 25 July 2022
Record date: 26 July 2022
Date of approval: 22 July 2022
Maximum number of secondary sale of ordinary shares: 34,190,476
Subscription price: NOK 2.10
Other information: Further description of the Subsequent Offering and the terms
and other circumstances that must be taken into consideration when subscribing
for shares will be included in a prospectus that will be prepared in connection
with the Subsequent Offering. The Company reserves the right in its sole
discretion to not conduct or to cancel the Subsequent Offering.
For further information, please contact:
Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no
Dagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no
About ADS Maritime Holding Plc ADS Maritime Holding Plc is a public limited
company listed on Euronext Growth Oslo (ticker ADS). The Company is incorporated
and domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Growth Oslo.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR\nINDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES\nOR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION\nWOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE\nSECURITIES DESCRIBED HEREIN.\n\nReference is made to the stock exchange release from ADS Maritime Holding Plc\n(\"ADS\" or the \"Company\") published on 21 July 2022 regarding a fully\nunderwritten private placement. The Company is pleased to announce that it has\nraised approx. NOK 100 million in gross proceeds through a private placement\n(the \"Private Placement\") of 47,619,048 new shares (the \"New Shares\"), at a\nprice per share of NOK 2.10. The Private Placement was managed by Arctic\nSecurities AS (the \"Manager\").\n\nThe net proceeds from the Private Placement will be used for investments in\nshipping assets, on a co-investment basis or in fully owned assets, as well as\nfor general corporate purposes.\n\nNotification of allocation to investors will be communicated on or about 25 July\n2022. The payment date for the Private Placement is expected to be on or about\n27 July 2022 and the Offer Shares are expected to be delivered following\napproval of the Private Placement by the Company's board of directors, full\npayment of the Offer Shares and issuance of the Offer Shares in VPS.\n\nFollowing issuance of the New Shares in VPS, the Company will have 71,009,348\nshares outstanding, each with a par value of USD 0.20.\n\nB T Larsen & Co Ltd (the \"Underwriter\"), was allocated 46,994,048 new ordinary\nshares in the Private Placement.\n\nThe completion of the Private Placement is subject to (i) the corporate\nresolutions of the Company required to implement the Private Placement and the\nSubsequent Offering, (ii) the Offer Shares having been fully paid and legally\nissued. The Private Placement will be cancelled if the conditions are not\nfulfilled, and may be cancelled or modified by the Company in its sole\ndiscretion for any other reason. Neither the Company nor the Manager will be\nliable for any losses incurred by applicants if the Private Placement is\ncancelled or modified, irrespective of the reason for such cancellation or\nmodification.\n\nThe Company has considered the Private Placement in light of the equal treatment\nobligations under the Norwegian Securities Trading Act and Oslo Børs' Circular\nno. 2/2014 and is of the opinion that the waiver of the preferential rights\ninherent in a private placement, taking into consideration the time, costs and\nrisk of alternative methods of the securing the desired funding is in the common\ninterest of Company and its shareholders.\n\nThe Company has further resolved to carry out a subsequent share offering in the\nform of 34,190,476 a secondary sale of ordinary shares in the Company by the\nUnderwriter (the \"Subsequent Offering\"). The Subsequent Offering will be\ndirected towards existing shareholders in the Company as of 22 July 2022, as\nregistered in Euronext Securities Oslo, the Norwegian Central Securities\nDepositary (the \"VPS\") as of 26 July 2022, except for shareholders who (i) were\nallocated Offer Shares or (ii) are resident in a jurisdiction where such\noffering would be unlawful or, for jurisdictions other than Norway, would\nrequire any prospectus, filing, registration or similar action. The offer price\nin such Subsequent Offering will be the same as the Offer Price in the Private\nPlacement, i.e. NOK 2.10 per share. Over-subscription and subscription without\nsubscription rights will not be permitted in the Subsequent Offering.\n\nAdvisors\nArctic Securities AS act as Sole Bookrunner and Sole Manager in the Private\nPlacement. Advokatfirmaet Wiersholm AS acts as Norwegian legal counsel to the\nCompany\n\nFor further information, please contact:\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc\n\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation. This stock exchange release was published by Dagfinn\nAndersen, Chief Financial Officer on the time and date provided.\n\nImportant information\n\nThe release is not for publication or distribution, in whole or in part directly\nor indirectly, in or into Australia, Canada, Japan Hong Kong or the United\nStates (including its territories and possessions, any state of the United\nStates and the District of Columbia). This release is an announcement issued\npursuant to legal information obligations and is subject to the disclosure\nrequirements of section 5-12 of the Norwegian Securities Trading Act. It is\nissued for information purposes only and does not constitute or form part of any\noffer or solicitation to purchase or subscribe for securities, in the United\nStates or in any other jurisdiction. The securities mentioned herein have not\nbeen, and will not be, registered under the United States Securities Act of\n1933, as amended (the \"US Securities Act\"). The securities may not be offered or\nsold in the United States except pursuant to an exemption from the registration\nrequirements of the US Securities Act. The Company does not intend to register\nany portion of any offering of the securities in the United States or to conduct\na public offering of the securities in the United States. Copies of this\nannouncement are not being made and may not be distributed or sent into\nAustralia, Canada, Japan or the United States.\n\nThe issue, subscription or purchase of shares in the Company is subject to\nspecific legal or regulatory restrictions in certain jurisdictions. Neither the\nCompany nor the Manager assume any responsibility in the event there is a\nviolation by any person of such restrictions. The distribution of this release\nmay in certain jurisdictions be restricted by law. Persons into whose possession\nthis release comes should inform themselves about and observe any such\nrestrictions. Any failure to comply with these restrictions may constitute a\nviolation of the securities laws of any such jurisdiction.\n\nThe Manager is acting for the Company and no one else in connection with the\nPrivate Placement in the Company, and will not be responsible to anyone other\nthan the Company providing the protections afforded to its clients or for\nproviding advice in relation to the Private Placement and/or any other matter\nreferred to in this release.\n\nForward-looking statements: This release and any materials distributed in\nconnection with this release may contain certain forward-looking statements. By\ntheir nature, forward-looking statements involve risk and uncertainty because\nthey reflect the Company's current expectations and assumptions as to future\nevents and circumstances that may not prove accurate. A number of material\nfactors could cause actual results and developments to differ materially from\nthose expressed or implied by these forward-looking statements."},"extensions":{},"source":"ob"},{"news_id":"7a8a9d26-fb04-5b8b-ab90-a738a643e45f","group_id":"ea6ee936-6916-45a4-ba6e-c3dbe71f7d33","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-maritime-holding-plc-contemplated-fully-underwritten-private-placement-7a8a9d26","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:insider",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS Maritime Holding Plc: Contemplated fully underwritten private placement","slug":"ads-maritime-holding-plc-contemplated-fully-underwritten-private-placement-7a8a9d26","publish_date":"2022-07-21T05:58:23Z","html":"
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange release from ADS Maritime Holding Plc
("ADS" or the "Company") published on 21 July 2022 regarding a fully
underwritten private placement. The Company is pleased to announce that it has
raised approx. NOK 100 million in gross proceeds through a private placement
(the "Private Placement") of 47,619,048 new shares (the "New Shares"), at a
price per share of NOK 2.10. The Private Placement was managed by Arctic
Securities AS (the "Manager").
The net proceeds from the Private Placement will be used for investments in
shipping assets, on a co-investment basis or in fully owned assets, as well as
for general corporate purposes.
Notification of allocation to investors will be communicated on or about 25 July
2022. The payment date for the Private Placement is expected to be on or about
27 July 2022 and the Offer Shares are expected to be delivered following
approval of the Private Placement by the Company's board of directors, full
payment of the Offer Shares and issuance of the Offer Shares in VPS.
Following issuance of the New Shares in VPS, the Company will have 71,009,348
shares outstanding, each with a par value of USD 0.20.
B T Larsen & Co Ltd (the "Underwriter"), was allocated 46,994,048 new ordinary
shares in the Private Placement.
The completion of the Private Placement is subject to (i) the corporate
resolutions of the Company required to implement the Private Placement and the
Subsequent Offering, (ii) the Offer Shares having been fully paid and legally
issued. The Private Placement will be cancelled if the conditions are not
fulfilled, and may be cancelled or modified by the Company in its sole
discretion for any other reason. Neither the Company nor the Manager will be
liable for any losses incurred by applicants if the Private Placement is
cancelled or modified, irrespective of the reason for such cancellation or
modification.
The Company has considered the Private Placement in light of the equal treatment
obligations under the Norwegian Securities Trading Act and Oslo Børs' Circular
no. 2/2014 and is of the opinion that the waiver of the preferential rights
inherent in a private placement, taking into consideration the time, costs and
risk of alternative methods of the securing the desired funding is in the common
interest of Company and its shareholders.
The Company has further resolved to carry out a subsequent share offering in the
form of 34,190,476 a secondary sale of ordinary shares in the Company by the
Underwriter (the "Subsequent Offering"). The Subsequent Offering will be
directed towards existing shareholders in the Company as of 22 July 2022, as
registered in Euronext Securities Oslo, the Norwegian Central Securities
Depositary (the "VPS") as of 26 July 2022, except for shareholders who (i) were
allocated Offer Shares or (ii) are resident in a jurisdiction where such
offering would be unlawful or, for jurisdictions other than Norway, would
require any prospectus, filing, registration or similar action. The offer price
in such Subsequent Offering will be the same as the Offer Price in the Private
Placement, i.e. NOK 2.10 per share. Over-subscription and subscription without
subscription rights will not be permitted in the Subsequent Offering.
Advisors
Arctic Securities AS act as Sole Bookrunner and Sole Manager in the Private
Placement. Advokatfirmaet Wiersholm AS acts as Norwegian legal counsel to the
Company
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.
Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). This release is an announcement issued
pursuant to legal information obligations and is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading Act. It is
issued for information purposes only and does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities, in the United
States or in any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of any offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR","text":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR\nINDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES\nOR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION\nWOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE\nSECURITIES DESCRIBED HEREIN.\n\nADS Maritime Holding Plc (\"ADS\" or the \"Company\") has engaged Arctic Securities\nAS as Sole Manager (the \"Manager\") to advise on and effect a fully underwritten\nprivate placement of new ordinary shares in the Company (the \"New Shares\"),\nraising gross proceeds of approx. NOK 100 million (the \"Private Placement\"). The\nsubscription price per New Share in the Private Placement (the \"Offer Price\")\nwill be NOK 2.10 per Offer Share (the \"Offer Price\").\nThe net proceeds from the Private Placement will be used for investments in\nshipping assets, on a co-investment basis or in fully owned assets, as well as\nfor general corporate purposes.\n\nB T Larsen & Co Ltd (the \"Underwriter\"), a company that controls 28.2% of the\nshares in the Company and that is controlled by the chairman of the board, Bjørn\nTore Larsen, has fully underwritten the Private Placement at the Offer Price.\nThe underwriter will receive an underwriting commission of 1.5% of the\nunderwriting commitment, payable in cash by the Company. The Underwriter will\nminimum be allocated Offer Shares in the Private Placement equal its pro-rata\nindirect ownership in the Company.\n\nThe application period in the Private Placement will commence today, 21 July\n2022 at 09:00 CEST and close on 22 July 2022 at 16:30 CEST. The Manager and the\nCompany may, however, at any time resolve to close or extend the application\nperiod on short or without notice. If the application period is shortened or\nextended, any other dates referred to herein may be amended accordingly.\n\nThe Private Placement will be directed towards selected Norwegian and\ninternational investors (a) outside the United States in reliance on Regulation\nS under the U.S, Securities Act of 1933, as amended (the \"U.S. Securities Act\"),\nand (b) to investors in the United States who are \"qualified institutional\nbuyers\" (\"QIBs\") as defined in Rule 144A under the U.S. Securities Act, in each\ncase subject to an exemption being available from prospectus requirements and\nany other filing or registration requirements in the applicable jurisdictions\nand subject to other selling restrictions. The minimum application and\nallocation amount have been set to the NOK equivalent of EUR 100,000 per\ninvestor. The Company may, however, at its sole discretion, allocate an amount\nbelow EUR 100,000 to the extent applicable exemptions from the prospectus\nrequirements pursuant to the Norwegian Securities Trading Act and ancillary\nregulations are available. Further selling restrictions and transaction terms\nwill apply.\n\nAllocation of New Shares will be determined on or about 25 July 2022 by the\nBoard at its sole discretion and in consultation with the Manager. The Board may\nfocus on allocation criteria such as (but not limited to) existing ownership in\nthe Company, timeliness of the application, relative order size, sector\nknowledge, perceived investor quality and investment horizon. The payment date\nfor the Private Placement is expected to be on or about 27 July 2022 and the\nOffer Shares are expected to be delivered following approval of the Private\nPlacement by the Company's board of directors, full payment of the Offer Shares\nand issuance of the Offer Shares in VPS.\n\nThe completion of the Private Placement is subject to (i) the corporate\nresolutions of the Company required to implement the Private Placement and the\nSubsequent Offering, (ii) the Offer Shares having been fully paid and legally\nissued. The Private Placement will be cancelled if the conditions are not\nfulfilled, and may be cancelled or modified by the Company in its sole\ndiscretion for any other reason. Neither the Company nor the Manager will be\nliable for any losses incurred by applicants if the Private Placement is\ncancelled or modified, irrespective of the reason for such cancellation or\nmodification.\n\nThe Company has considered the Private Placement in light of the equal treatment\nobligations under the Norwegian Securities Trading Act and Oslo Børs' Circular\nno. 2/2014 and is of the opinion that the waiver of the preferential rights\ninherent in a private placement, taking into consideration the time, costs and\nrisk of alternative methods of the securing the desired funding is in the common\ninterest of Company and its shareholders.\nThe Company will carry out a subsequent share offering in the form of new\nordinary shares in the Company and/or a secondary sale of ordinary shares in the\nCompany by the Underwriter (the \"Subsequent Offering\"). The Underwriter has\npursuant to the underwriting agreement a right to sell up to a number of shares\nin the Subsequent Offering that would reduce its controlling inters down to\n28.2% of the shares in the Company if the Subsequent Offering is fully\nsubscribed and the Company has a similar right to request such sale. The split\nbetween new shares and secondary shares offered by the Underwriter in the\nSubsequent Offering will be determined by the board of directors of the Company\nfollowing expiry of the subscription period in the Private Placement. The\nSubsequent Offering will be directed towards existing shareholders in the\nCompany as of 22 July 2022, as registered in Euronext Securities Oslo, the\nNorwegian Central Securities Depositary (the \"VPS\") as of 26 July 2022, except\nfor shareholders who (i) were allocated Offer Shares or (ii) are resident in a\njurisdiction where such offering would be unlawful or, for jurisdictions other\nthan Norway, would require any prospectus, filing, registration or similar\naction. The offer price in such Subsequent Offering will be the same as the\nOffer Price in the Private Placement, i.e. NOK 2.10 per share. Over-subscription\nand subscription without subscription rights will not be permitted in the\nSubsequent Offering.\n\nADS Maritime Holding Plc will continue to develop investments, utilizing the\ncompany's track record with first class counterparties as part of its long/short\nterm investment strategy. The Company has currently identified investment\nopportunities within its stated strategies in the tanker sector, crude and/or\nproduct, and the long-term shuttle tanker and/or LNG sectors and are working\nthese towards conclusion.\n\nThe Company is currently negotiating the acquisition of a 20% ownership position\nin 3x Chinese built ~13/14-year-old LR2/coated Aframax tankers, where ADSMH also\nwill retain the role of commercial manager. The ships will be chartered, on\nmarket terms, for a period of up to 3 years to 3rd party charterer. The Company\nconsider the indicative terms to be attractive with downside protection and\nupside potential. The Company is currently not in a position to stipulate a\nconclusion time on the negotiations nor final price or charter rates.\nNegotiations are taking place in good fate, but completion can not be guarantied\n\nThe Company has signed a letter of intent in connection with the construction of\n2 x LNG carriers, and the intended role is to provide management services to the\n\"Owner\" of the LNGC's, a large financial investor. As the intended project\ndevelops, the Owner will provide the Company with an option to buy a minority\nstake in the LNGC owning subsidiaries.\n\nAdvisor\nArctic Securities AS act as Sole Bookrunner and Sole Manager in the Private\nPlacement. Advokatfirmaet Wiersholm AS acts as Norwegian legal counsel to the\nCompany\n\nFor further information, please contact:\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nAbout ADS Maritime Holding Plc\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation. This stock exchange release was published by Dagfinn\nAndersen, Chief Financial Officer on the time and date provided.\n\nImportant information\nThe release is not for publication or distribution, in whole or in part directly\nor indirectly, in or into Australia, Canada, Japan Hong Kong or the United\nStates (including its territories and possessions, any state of the United\nStates and the District of Columbia). This release is an announcement issued\npursuant to legal information obligations and is subject to the disclosure\nrequirements of section 5-12 of the Norwegian Securities Trading Act. It is\nissued for information purposes only and does not constitute or form part of any\noffer or solicitation to purchase or subscribe for securities, in the United\nStates or in any other jurisdiction. The securities mentioned herein have not\nbeen, and will not be, registered under the United States Securities Act of\n1933, as amended (the \"US Securities Act\"). The securities may not be offered or\nsold in the United States except pursuant to an exemption from the registration\nrequirements of the US Securities Act. The Company does not intend to register\nany portion of any offering of the securities in the United States or to conduct\na public offering of the securities in the United States. Copies of this\nannouncement are not being made and may not be distributed or sent into\nAustralia, Canada, Japan or the United States.\n\nThe issue, subscription or purchase of shares in the Company is subject to\nspecific legal or regulatory restrictions in certain jurisdictions. Neither the\nCompany nor the Manager assume any responsibility in the event there is a\nviolation by any person of such restrictions. The distribution of this release\nmay in certain jurisdictions be restricted by law. Persons into whose possession\nthis release comes should inform themselves about and observe any such\nrestrictions. Any failure to comply with these restrictions may constitute a\nviolation of the securities laws of any such jurisdiction.\n\nThe Manager is acting for the Company and no one else in connection with the\nPrivate Placement in the Company, and will not be responsible to anyone other\nthan the Company providing the protections afforded to its clients or for\nproviding advice in relation to the Private Placement and/or any other matter\nreferred to in this release.\n\nForward-looking statements: This release and any materials distributed in\nconnection with this release may contain certain forward-looking statements. By\ntheir nature, forward-looking statements involve risk and uncertainty because\nthey reflect the Company's current expectations and assumptions as to future\nevents and circumstances that may not prove accurate. A number of material\nfactors could cause actual results and developments to differ materially from\nthose expressed or implied by these forward-looking statements."},"extensions":{},"source":"ob"},{"news_id":"25d0dcac-17e6-5f04-8899-cb0c731693f3","group_id":"fa7dd0c7-f223-4853-a46f-a99f11494adb","url":"https://mfn.se/ob/a/ads-maritime-holding/ads-ads-maritime-holding-plc-acquires-stakes-in-modern-shuttle-tankers-25d0dcac","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-maritime-holding","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Maritime Holding","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:insider",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: ADS Maritime Holding Plc acquires stakes in modern shuttle tankers","slug":"ads-ads-maritime-holding-plc-acquires-stakes-in-modern-shuttle-tankers-25d0dcac","publish_date":"2022-06-24T06:00:00Z","html":"
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
ADS Maritime Holding Plc ("ADS" or the "Company") has engaged Arctic Securities
AS as Sole Manager (the "Manager") to advise on and effect a fully underwritten
private placement of new ordinary shares in the Company (the "New Shares"),
raising gross proceeds of approx. NOK 100 million (the "Private Placement"). The
subscription price per New Share in the Private Placement (the "Offer Price")
will be NOK 2.10 per Offer Share (the "Offer Price").
The net proceeds from the Private Placement will be used for investments in
shipping assets, on a co-investment basis or in fully owned assets, as well as
for general corporate purposes.
B T Larsen & Co Ltd (the "Underwriter"), a company that controls 28.2% of the
shares in the Company and that is controlled by the chairman of the board, Bjørn
Tore Larsen, has fully underwritten the Private Placement at the Offer Price.
The underwriter will receive an underwriting commission of 1.5% of the
underwriting commitment, payable in cash by the Company. The Underwriter will
minimum be allocated Offer Shares in the Private Placement equal its pro-rata
indirect ownership in the Company.
The application period in the Private Placement will commence today, 21 July
2022 at 09:00 CEST and close on 22 July 2022 at 16:30 CEST. The Manager and the
Company may, however, at any time resolve to close or extend the application
period on short or without notice. If the application period is shortened or
extended, any other dates referred to herein may be amended accordingly.
The Private Placement will be directed towards selected Norwegian and
international investors (a) outside the United States in reliance on Regulation
S under the U.S, Securities Act of 1933, as amended (the "U.S. Securities Act"),
and (b) to investors in the United States who are "qualified institutional
buyers" ("QIBs") as defined in Rule 144A under the U.S. Securities Act, in each
case subject to an exemption being available from prospectus requirements and
any other filing or registration requirements in the applicable jurisdictions
and subject to other selling restrictions. The minimum application and
allocation amount have been set to the NOK equivalent of EUR 100,000 per
investor. The Company may, however, at its sole discretion, allocate an amount
below EUR 100,000 to the extent applicable exemptions from the prospectus
requirements pursuant to the Norwegian Securities Trading Act and ancillary
regulations are available. Further selling restrictions and transaction terms
will apply.
Allocation of New Shares will be determined on or about 25 July 2022 by the
Board at its sole discretion and in consultation with the Manager. The Board may
focus on allocation criteria such as (but not limited to) existing ownership in
the Company, timeliness of the application, relative order size, sector
knowledge, perceived investor quality and investment horizon. The payment date
for the Private Placement is expected to be on or about 27 July 2022 and the
Offer Shares are expected to be delivered following approval of the Private
Placement by the Company's board of directors, full payment of the Offer Shares
and issuance of the Offer Shares in VPS.
The completion of the Private Placement is subject to (i) the corporate
resolutions of the Company required to implement the Private Placement and the
Subsequent Offering, (ii) the Offer Shares having been fully paid and legally
issued. The Private Placement will be cancelled if the conditions are not
fulfilled, and may be cancelled or modified by the Company in its sole
discretion for any other reason. Neither the Company nor the Manager will be
liable for any losses incurred by applicants if the Private Placement is
cancelled or modified, irrespective of the reason for such cancellation or
modification.
The Company has considered the Private Placement in light of the equal treatment
obligations under the Norwegian Securities Trading Act and Oslo Børs' Circular
no. 2/2014 and is of the opinion that the waiver of the preferential rights
inherent in a private placement, taking into consideration the time, costs and
risk of alternative methods of the securing the desired funding is in the common
interest of Company and its shareholders.
The Company will carry out a subsequent share offering in the form of new
ordinary shares in the Company and/or a secondary sale of ordinary shares in the
Company by the Underwriter (the "Subsequent Offering"). The Underwriter has
pursuant to the underwriting agreement a right to sell up to a number of shares
in the Subsequent Offering that would reduce its controlling inters down to
28.2% of the shares in the Company if the Subsequent Offering is fully
subscribed and the Company has a similar right to request such sale. The split
between new shares and secondary shares offered by the Underwriter in the
Subsequent Offering will be determined by the board of directors of the Company
following expiry of the subscription period in the Private Placement. The
Subsequent Offering will be directed towards existing shareholders in the
Company as of 22 July 2022, as registered in Euronext Securities Oslo, the
Norwegian Central Securities Depositary (the "VPS") as of 26 July 2022, except
for shareholders who (i) were allocated Offer Shares or (ii) are resident in a
jurisdiction where such offering would be unlawful or, for jurisdictions other
than Norway, would require any prospectus, filing, registration or similar
action. The offer price in such Subsequent Offering will be the same as the
Offer Price in the Private Placement, i.e. NOK 2.10 per share. Over-subscription
and subscription without subscription rights will not be permitted in the
Subsequent Offering.
ADS Maritime Holding Plc will continue to develop investments, utilizing the
company's track record with first class counterparties as part of its long/short
term investment strategy. The Company has currently identified investment
opportunities within its stated strategies in the tanker sector, crude and/or
product, and the long-term shuttle tanker and/or LNG sectors and are working
these towards conclusion.
The Company is currently negotiating the acquisition of a 20% ownership position
in 3x Chinese built ~13/14-year-old LR2/coated Aframax tankers, where ADSMH also
will retain the role of commercial manager. The ships will be chartered, on
market terms, for a period of up to 3 years to 3rd party charterer. The Company
consider the indicative terms to be attractive with downside protection and
upside potential. The Company is currently not in a position to stipulate a
conclusion time on the negotiations nor final price or charter rates.
Negotiations are taking place in good fate, but completion can not be guarantied
The Company has signed a letter of intent in connection with the construction of
2 x LNG carriers, and the intended role is to provide management services to the
"Owner" of the LNGC's, a large financial investor. As the intended project
develops, the Owner will provide the Company with an option to buy a minority
stake in the LNGC owning subsidiaries.
Advisor
Arctic Securities AS act as Sole Bookrunner and Sole Manager in the Private
Placement. Advokatfirmaet Wiersholm AS acts as Norwegian legal counsel to the
Company
For further information, please contact:
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange release was published by Dagfinn
Andersen, Chief Financial Officer on the time and date provided.
Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). This release is an announcement issued
pursuant to legal information obligations and is subject to the disclosure
requirements of section 5-12 of the Norwegian Securities Trading Act. It is
issued for information purposes only and does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities, in the United
States or in any other jurisdiction. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of any offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the
Private Placement in the Company, and will not be responsible to anyone other
than the Company providing the protections afforded to its clients or for
providing advice in relation to the Private Placement and/or any other matter
referred to in this release.
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.
ADS Maritime Holding Plc ("ADSMH" or "the Company") has agreed to acquire a 5 %","text":"ADS Maritime Holding Plc (\"ADSMH\" or \"the Company\") has agreed to acquire a 5 %\nshareholding in AET Sea Shuttle AS and AET Sea Shuttle II AS, the owners of 4\nmodern shuttle tankers operating in the North Sea, mainly on long term charters\nto Equinor.\nThe vessels are as follows:\nDP 2 SH Tanker Eagle Blane Built 2019 125,000 DWT\nDP 2 SH Tanker Eagle Balder Built 2019 125,000 DWT\nDP 2 SH Tanker Eagle Bergen Built 2015 120,000 DWT\nDP 2 SH Tanker Eagle Barents Built 2015 120,000 DWT\n(together the \"Vessels\").\nThe majority partner in the owning companies will remain major Malaysian tanker\nowner AET, part of the MISC/Petronas Group. The vessels are operated by OSM\nMaritime.\nSellers are ADS Shipping Limited. The shares are acquired at a discount to\nvaluations of the Vessels obtained from independent international brokers. The\nacquisition is financed by an interest free sellers' credit repayable within 2\nyears.\nADS Maritime Holding Plc has recently taken positions within the VLCC and MR\nsegments. The current acquisition will both establish exposure in an additional\nsegment in the oil & gas markets and prepare the Company for further growth.\n\nContacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no\n\nDagfinn Andersen, CFO\n+47 922 91 001\ndagfinn.andersen@ads.no\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation and is subject to the disclosure requirements pursuant\nto Section 5-12 of the Norwegian Securities Trading Act.\nThis stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime\nHolding Plc, on 24th June 2022 at 08:00 CET.\n\nAbout ADS Maritime Holding\nADS Maritime Holding Plc is a public limited company listed on the Euronext\nGrowth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and\ndomiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.\nFor more information, visit www.adsmh.com\n\nForward looking statements\nThe information included herein may contain forward looking statements. Forward\nlooking statements include all statements that are not historical facts,\nincluding but not limited to statements expressing or implying the Company's\nintent, belief or current expectations with respect to, among other things,\nforecasts, estimates, and predictions. Such forward looking statements\nnecessarily involve risks and uncertainties and are dependent on assumptions,\ninformation, data or methods that may be incorrect or imprecise. Actual results\ncould differ materially from expectations expressed in the forward-looking\nstatements if one or more of the underlying assumptions or expectations proves\nto be inaccurate or is unrealized. Actual results may differ materially from\nthose expected or projected in the forward-looking statements. The Company\nundertakes no responsibility or obligation to update or alter forward-looking\nstatements for any reason."},"extensions":{},"source":"ob"},{"news_id":"6fa442a6-b163-5bde-9ba7-9c076c99ed3e","group_id":"2f2cb0c4-4e27-4fa7-9e0a-f2dabab05130","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-financial-calendar-6fa442a6","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:calendar",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-6fa442a6","publish_date":"2021-12-31T09:47:08Z","html":"
shareholding in AET Sea Shuttle AS and AET Sea Shuttle II AS, the owners of 4
modern shuttle tankers operating in the North Sea, mainly on long term charters
to Equinor.
The vessels are as follows:
\tDP 2 SH Tanker Eagle Blane Built 2019 125,000 DWT
\tDP 2 SH Tanker Eagle Balder Built 2019 125,000 DWT
\tDP 2 SH Tanker Eagle Bergen Built 2015 120,000 DWT
\tDP 2 SH Tanker Eagle Barents Built 2015 120,000 DWT
\t(together the "Vessels").
The majority partner in the owning companies will remain major Malaysian tanker
owner AET, part of the MISC/Petronas Group. The vessels are operated by OSM
Maritime.
Sellers are ADS Shipping Limited. The shares are acquired at a discount to
valuations of the Vessels obtained from independent international brokers. The
acquisition is financed by an interest free sellers' credit repayable within 2
years.
ADS Maritime Holding Plc has recently taken positions within the VLCC and MR
segments. The current acquisition will both establish exposure in an additional
segment in the oil & gas markets and prepare the Company for further growth.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
tbl@ads.no
Dagfinn Andersen, CFO
+47 922 91 001
dagfinn.andersen@ads.no
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Dagfinn Andersen, CFO, ADS Maritime
Holding Plc, on 24th June 2022 at 08:00 CET.
About ADS Maritime Holding
ADS Maritime Holding Plc is a public limited company listed on the Euronext
Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and
domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.
For more information, visit www.adsmh.com
Forward looking statements
The information included herein may contain forward looking statements. Forward
looking statements include all statements that are not historical facts,
including but not limited to statements expressing or implying the Company's
intent, belief or current expectations with respect to, among other things,
forecasts, estimates, and predictions. Such forward looking statements
necessarily involve risks and uncertainties and are dependent on assumptions,
information, data or methods that may be incorrect or imprecise. Actual results
could differ materially from expectations expressed in the forward-looking
statements if one or more of the underlying assumptions or expectations proves
to be inaccurate or is unrealized. Actual results may differ materially from
those expected or projected in the forward-looking statements. The Company
undertakes no responsibility or obligation to update or alter forward-looking
statements for any reason.
Financial calendar for ADS Maritime Holding Plc","text":"Financial calendar for ADS Maritime Holding Plc\n\nFINANCIAL YEAR 2021\n\n18.02.2022 - Quarterly Report - Q4\n\nFINANCIAL YEAR 2022\n\n31.08.2022 - Half-yearly Report\n08.04.2022 - Annual General Meeting\n\nThe date for the 2021 Annual Report is 11 March 2022.\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations."},"extensions":{},"source":"ob"},{"news_id":"a3075c2a-9490-4c10-b6e6-f27743af0450","group_id":"9a227550-5b55-473e-8e27-1850a5817f82","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-ex-dividend-usd-2-18-nok-18-48-today-a3075c2a","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other",":regulatory"],"type":"ir","scopes":["CY","NO"]},"content":{"title":"ADS: Ex dividend USD 2.18 (NOK 18.48) today","slug":"ads-ex-dividend-usd-2-18-nok-18-48-today-a3075c2a","publish_date":"2021-02-22T07:56:50Z","html":"
FINANCIAL YEAR 2021
18.02.2022 - Quarterly Report - Q4
FINANCIAL YEAR 2022
31.08.2022 - Half-yearly Report
08.04.2022 - Annual General Meeting
The date for the 2021 Annual Report is 11 March 2022.
This information is published pursuant to the requirements set out in the
Continuing obligations.
22 February 2020","text":"22 February 2020\n\nThe shares in ADS Maritime Holding Plc will be traded ex dividend USD 2.18 (NOK\n18.48) as from today."},"extensions":{},"source":"ob"},{"news_id":"d784acd9-39d4-4565-ae24-9f752f94d22a","group_id":"752fd6d1-06e8-4467-922a-05c9648161de","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-key-information-regarding-the-capital-payment-d784acd9","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers","ads-maritime-holding"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADS: Key information regarding the capital payment","slug":"ads-key-information-regarding-the-capital-payment-d784acd9","publish_date":"2021-02-19T06:00:00Z","html":"
The shares in ADS Maritime Holding Plc will be traded ex dividend USD 2.18 (NOK
18.48) as from today.
19 February 2021","text":"19 February 2021\n\nToday is the last day of trading for which shares in ADS Maritime Holding Plc\ninclude the right to receive the previously announced capital payment by way of\na USD 51 million reduction of the share premium account. The shares will be\ntraded ex-dividend of the NOK equivalent of USD 2.18 per share (NOK 18.48 per\nshare) as from Monday 22 February.\n\no Amount: USD 2.18 per share (NOK 18.48 per share)\no Currency: NOK\no Date of approval: 10 December 2020 in a special resolution at an Extraordinary\nGeneral Meeting of shareholders and subsequently on 16 February 2021 by the\nDistrict Court of Limassol, Cyprus\no Last day including right: 19 February 2021\no Ex-div date: 22 February 2021\no Record date: 23 February 2021\no Payment date: on or about 1 March 2021\n\nContact\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"c489c1f9-9b1c-4590-b683-5e976ec952aa","group_id":"b2126ec8-b1ad-4d22-ad36-1fff12514117","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-financial-calendar-c489c1f9","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADS"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:calendar",":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADS: Financial calendar","slug":"ads-financial-calendar-c489c1f9","publish_date":"2020-12-30T11:15:47Z","html":"
Today is the last day of trading for which shares in ADS Maritime Holding Plc
include the right to receive the previously announced capital payment by way of
a USD 51 million reduction of the share premium account. The shares will be
traded ex-dividend of the NOK equivalent of USD 2.18 per share (NOK 18.48 per
share) as from Monday 22 February.
o Amount: USD 2.18 per share (NOK 18.48 per share)
o Currency: NOK
o Date of approval: 10 December 2020 in a special resolution at an Extraordinary
General Meeting of shareholders and subsequently on 16 February 2021 by the
District Court of Limassol, Cyprus
o Last day including right: 19 February 2021
o Ex-div date: 22 February 2021
o Record date: 23 February 2021
o Payment date: on or about 1 March 2021
Contact
Ben Boiling, CFO
+47 912 40 945
ben.boiling@ads.no
Financial calendar for ADS Crude Carriers Plc","text":"Financial calendar for ADS Crude Carriers Plc\n\nFINANCIAL YEAR 2020\n\n26.02.2021 - Quarterly Report - Q4\n\nFINANCIAL YEAR 2021\n\n31.08.2021 - Half-yearly Report\n24.03.2021 - Annual Report\n27.05.2021 - Annual General Meeting\n\n28.05.2021 - Quarterly Report - Q1\n18.11.2021 - Quarterly Report - Q3\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations."},"extensions":{},"source":"ob"},{"news_id":"cd6b547c-7a29-4861-a57a-8109c8c7f163","group_id":"c2eaa4e3-e8c5-416e-a40c-1cb1f27d36e7","url":"https://mfn.se/ob/a/ads-crude-carriers/change-of-significant-shareholdings-ads-crude-carriers-pl-cd6b547c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"Change of significant shareholdings: ADS Crude Carriers Pl","slug":"change-of-significant-shareholdings-ads-crude-carriers-pl-cd6b547c","publish_date":"2020-11-25T07:08:27Z","html":"
FINANCIAL YEAR 2020
26.02.2021 - Quarterly Report - Q4
FINANCIAL YEAR 2021
31.08.2021 - Half-yearly Report
24.03.2021 - Annual Report
27.05.2021 - Annual General Meeting
28.05.2021 - Quarterly Report - Q1
18.11.2021 - Quarterly Report - Q3
This information is published pursuant to the requirements set out in the
Continuing obligations.
Please find attached at www.newsweb.no the notification letter of HOLD Asset","text":"Please find attached at www.newsweb.no the notification letter of HOLD Asset\nManagement Ltd regarding change of significant shareholdings in the shares of\nADS Crude Carriers Plc (CY0108052115)."},"extensions":{},"source":"ob"},{"news_id":"015aadb6-f7da-4328-9bd0-8da73bfa3275","group_id":"b8d91044-6dde-4a55-8654-d1569ebc1086","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-utbytte-usd-0-17-i-dag-015aadb6","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"no","tags":["sub:ca","sub:ca:other",":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex utbytte USD 0,17 i dag","slug":"adsc-me-ex-utbytte-usd-0-17-i-dag-015aadb6","publish_date":"2020-11-23T07:34:33Z","html":"
Management Ltd regarding change of significant shareholdings in the shares of
ADS Crude Carriers Plc (CY0108052115).
Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,17 fra og med i dag,","text":"Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,17 fra og med i dag,\n23.11.2020."},"extensions":{},"source":"ob"},{"news_id":"19af25c1-3ee0-4466-8a37-8e9c8a6d0b8d","group_id":"7bdaf394-415c-4362-8054-c7d7eb19c082","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-dividend-usd-0-17-today-19af25c1","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other",":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex dividend USD 0.17 today","slug":"adsc-me-ex-dividend-usd-0-17-today-19af25c1","publish_date":"2020-11-23T07:34:33Z","html":"
23.11.2020.
The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.17 as from","text":"The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.17 as from\ntoday, 23.11.2020."},"extensions":{},"source":"ob"},{"news_id":"ea42389f-3a0b-43ed-a34f-b7289b5e2bd9","group_id":"32d5998b-8522-42ab-bb51-c3a8eab1dd84","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q3-2020-ea42389f","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other",":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Key information regarding the cash dividend declared in relation to Q3 2020","slug":"adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q3-2020-ea42389f","publish_date":"2020-11-20T06:00:00Z","html":"
today, 23.11.2020.
20 November 2020","text":"20 November 2020\n\nToday is the last day of trading for which shares in ADS Crude Carriers Plc\ninclude the right to receive the forthcoming dividend in relation to Q3 2020\nearnings, previously announced on 18 November 2020. The shares will be traded\nex-dividend of the NOK equivalent of USD 0.17 per share (NOK 1.54 per share) as\nfrom Monday 23 November.\n\no Amount: USD 0.17 per share (NOK 1.54 per share)\no Currency: NOK\no Date of approval: 17 November 2020, in a resolution by the Board of Directors\no Last day including right: 20 November 2020\no Ex-div date: 23 November 2020\no Record date: 24 November 2020\no Payment date: on or about 3 December 2020\n\nContact\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"3325e332-8dcd-4162-b16a-07cbdd90fb10","group_id":"11e83b60-701c-4e5c-a688-59da4043fcb4","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-crude-carriers-letter-to-shareholders-from-the-chairman-3325e332","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["CY"]},"content":{"title":"ADS Crude Carriers - letter to shareholders from the Chairman","slug":"ads-crude-carriers-letter-to-shareholders-from-the-chairman-3325e332","publish_date":"2020-11-18T06:00:00Z","html":"
Today is the last day of trading for which shares in ADS Crude Carriers Plc
include the right to receive the forthcoming dividend in relation to Q3 2020
earnings, previously announced on 18 November 2020. The shares will be traded
ex-dividend of the NOK equivalent of USD 0.17 per share (NOK 1.54 per share) as
from Monday 23 November.
o Amount: USD 0.17 per share (NOK 1.54 per share)
o Currency: NOK
o Date of approval: 17 November 2020, in a resolution by the Board of Directors
o Last day including right: 20 November 2020
o Ex-div date: 23 November 2020
o Record date: 24 November 2020
o Payment date: on or about 3 December 2020
Contact
Ben Boiling, CFO
+47 912 40 945
ben.boiling@ads.no
Arendal, 17 November 2020","text":"Arendal, 17 November 2020\n\nDear fellow shareholders,\n\nThe ADS Page has just been delivered to her new owners, following her sisters\nADS Stratus and ADS Serenade. Three ships down, zero to go.\n\nOur investment in these three VLCCs returned solid profits, and I'd like to take\nthis opportunity to share some thoughts on how we got here and where we may go\nin the future.\n\nWhy did we sell?\n\nThe simple answer is that we wanted to lock in a profit for you, rather than\nrisk losing it all in a \"double or nothing\" bet. We had the opportunity to sell\nat what we considered to be good prices - tomorrow that opportunity may have\ngone.\n\nAt the time of the sales, our ships had 17-22 months left of their economic\nlives. If we were to generate the same amount of cash through further trading of\nthe ships compared to selling them, we would have needed to achieve historically\nhigh freight rates and considerably higher than the very low levels we're now\nwitnessing as this letter is being written. We know that the tanker market is\nvery volatile and always has the potential to skyrocket again next week or next\nmonth. Even so, we didn't consider the risk-reward balance to be in our favor\nand we decided to cash out our chips.\n\nWhat are we doing with the proceeds?\n\nOur intention is to pay out all of the net cash from these sales as well as most\nof the cash accumulated in the Company to you, through maximized dividends and a\nreturn of share capital. The latter will require your consent, and an EGM will\nbe called to get your votes. If the EGM decides to follow the board's\nrecommendation, those who invested when the company was established in 2018 will\nhave received significantly more than they originally put in without having to\ntime an exit from the market.\n\nWhat's next for ADS?\n\nADS is a very lean company, which will enable us to keep the lights on whilst\nscanning the horizon for new opportunities. Our investing philosophy can be\ndescribed as a \"barbell\" where we target:\n\n1. Counter-cyclical investments, with quality ships bought at low prices (at a\nsignificant discount to new building parity). We prefer liquid assets (i.e.\ntankers and bulkers) and larger ships as they have greater upside than smaller\nships when the market improves. Patience, competence, and the ability to move\nquickly are vital ingredients in the recipe for success on these investments.\n\n2. Projects with long-term secured cashflow and low residual risk, with solid\nreturns on equity. This could be in projects where we - perhaps through\npartnerships - have a competitive advantage. Such opportunities are rare, but\nthey happen.\n\nWe don't take our role as stewards of your capital lightly. Investment decisions\nwill always be made as if it was all our own capital on the line. Our cardinal\nrule is simple: don't lose money! The best downside protection is to be\ndisciplined by not overpaying for an asset and being conservative when\nforecasting out its residual value.\n\nSince we will now empty our bank accounts by sending all free cash to you, only\nholding onto enough for us to meet possible transaction cost obligations, we\nwill naturally need to come back to the market for fresh capital when the next\nopportunity arises.\n\nUntil then, thank you for your support and trust. We look forward to sending you\na cheque or two and hope to see you onboard again in the future.\n\nBest regards,\n\nBjørn Tore Larsen\nChairman"},"extensions":{},"source":"ob"},{"news_id":"5150cf1c-1f65-4504-a889-7af02923eaf6","group_id":"73215fd3-a4a8-4141-bd05-42aea5954b6f","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-mandatory-notification-of-trade-5150cf1c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:insider"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Mandatory notification of trade","slug":"adsc-me-mandatory-notification-of-trade-5150cf1c","publish_date":"2020-10-13T13:00:00Z","html":"
Dear fellow shareholders,
The ADS Page has just been delivered to her new owners, following her sisters
ADS Stratus and ADS Serenade. Three ships down, zero to go.
Our investment in these three VLCCs returned solid profits, and I'd like to take
this opportunity to share some thoughts on how we got here and where we may go
in the future.
Why did we sell?
The simple answer is that we wanted to lock in a profit for you, rather than
risk losing it all in a "double or nothing" bet. We had the opportunity to sell
at what we considered to be good prices - tomorrow that opportunity may have
gone.
At the time of the sales, our ships had 17-22 months left of their economic
lives. If we were to generate the same amount of cash through further trading of
the ships compared to selling them, we would have needed to achieve historically
high freight rates and considerably higher than the very low levels we're now
witnessing as this letter is being written. We know that the tanker market is
very volatile and always has the potential to skyrocket again next week or next
month. Even so, we didn't consider the risk-reward balance to be in our favor
and we decided to cash out our chips.
What are we doing with the proceeds?
Our intention is to pay out all of the net cash from these sales as well as most
of the cash accumulated in the Company to you, through maximized dividends and a
return of share capital. The latter will require your consent, and an EGM will
be called to get your votes. If the EGM decides to follow the board's
recommendation, those who invested when the company was established in 2018 will
have received significantly more than they originally put in without having to
time an exit from the market.
What's next for ADS?
ADS is a very lean company, which will enable us to keep the lights on whilst
scanning the horizon for new opportunities. Our investing philosophy can be
described as a "barbell" where we target:
1.\tCounter-cyclical investments, with quality ships bought at low prices (at a
significant discount to new building parity). We prefer liquid assets (i.e.
tankers and bulkers) and larger ships as they have greater upside than smaller
ships when the market improves. Patience, competence, and the ability to move
quickly are vital ingredients in the recipe for success on these investments.
2.\tProjects with long-term secured cashflow and low residual risk, with solid
returns on equity. This could be in projects where we - perhaps through
partnerships - have a competitive advantage. Such opportunities are rare, but
they happen.
We don't take our role as stewards of your capital lightly. Investment decisions
will always be made as if it was all our own capital on the line. Our cardinal
rule is simple: don't lose money! The best downside protection is to be
disciplined by not overpaying for an asset and being conservative when
forecasting out its residual value.
Since we will now empty our bank accounts by sending all free cash to you, only
holding onto enough for us to meet possible transaction cost obligations, we
will naturally need to come back to the market for fresh capital when the next
opportunity arises.
Until then, thank you for your support and trust. We look forward to sending you
a cheque or two and hope to see you onboard again in the future.
Best regards,
Bjørn Tore Larsen
Chairman
13 October 2020\n\nADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and\nmember of the Board of Directors of ADS Crude Carriers Plc (the “Company”), has\ntoday acquired 100,000 shares in the Company at an average purchase price of NOK\n18.79 per share. Following the acquisition, ADS Shipping Ltd and affiliated\ncompanies own 2,574,934 shares in the Company. \n\nContacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no \n\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no\n","text":"13 October 2020 ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Crude Carriers Plc (the \"Company\"), has today acquired 100,000 shares in the Company at an average purchase price of NOK 18.79 per share. Following the acquisition, ADS Shipping Ltd and affiliated companies own 2,574,934 shares in the Company. Contacts Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no Ben Boiling, CFO +47 912 40 945 ben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"274b3713-293d-4ee0-ae62-81e32d3e83af","group_id":"0a1f65fd-7e94-4a6a-ba61-b9ed1497c5ec","url":"https://mfn.se/ob/a/ads-crude-carriers/change-of-significant-shareholdings-ads-crude-carriers-plc-274b3713","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","type":"ir","scopes":["CY"]},"content":{"title":"Change of significant shareholdings: ADS Crude Carriers Plc","slug":"change-of-significant-shareholdings-ads-crude-carriers-plc-274b3713","publish_date":"2020-09-30T14:21:00Z","html":"
Please find attached at www.newsweb.no, the notification letter of HOLD Asset\nManagement Ltd regarding change of significant shareholdings in the shares of\nADS Crude Carriers Plc (CY0108052115).\n","text":"Please find attached at www.newsweb.no, the notification letter of HOLD Asset Management Ltd regarding change of significant shareholdings in the shares of ADS Crude Carriers Plc (CY0108052115)."},"extensions":{},"source":"ob"},{"news_id":"940ce145-645c-43f0-9782-aba39fc4dbb0","group_id":"6b7e810f-17e0-46ce-a442-68f4b3541c0e","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-dividend-usd-0-18-today-940ce145","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex dividend USD 0.18 today","slug":"adsc-me-ex-dividend-usd-0-18-today-940ce145","publish_date":"2020-09-01T06:50:35Z","html":"
The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.18 as from\ntoday, 01.09.2020.\n","text":"The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.18 as from today, 01.09.2020."},"extensions":{},"source":"ob"},{"news_id":"d0eae9e5-1f6f-42d5-9017-998891cd082b","group_id":"29e3a45d-82b4-4a0a-984d-d695e3b74154","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-utbytte-usd-0-18-i-dag-d0eae9e5","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"no","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex utbytte USD 0,18 i dag","slug":"adsc-me-ex-utbytte-usd-0-18-i-dag-d0eae9e5","publish_date":"2020-09-01T06:50:35Z","html":"
Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,18 fra og med i dag,\n01.09.2020.\n","text":"Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,18 fra og med i dag, 01.09.2020."},"extensions":{},"source":"ob"},{"news_id":"950b1e88-8298-4d24-9eb6-e936dcc1750c","group_id":"9720919f-8b34-4928-82f7-d0cc9287ec50","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q2-2020-950b1e88","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Key information regarding the cash dividend declared in relation to Q2 2020","slug":"adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q2-2020-950b1e88","publish_date":"2020-08-31T06:00:00Z","html":"
31 August 2020\n\nToday is the last day of trading for which shares in ADS Crude Carriers Plc\ninclude the right to receive the forthcoming dividend in relation to Q2 2020\nearnings, previously announced on 28 August 2020. The shares will be traded\nex-dividend of the NOK equivalent of USD 0.18 per share (NOK 1.60 per share) as\nfrom tomorrow.\n\n• Amount: USD 0.18 per share (NOK 1.60 per share)\n• Currency: NOK\n• Date of approval: 27 August 2020, in a resolution by the Board of Directors\n• Last day including right: 31 August 2020 \n• Ex-div date: 1 September 2020 \n• Record date: 2 September 2020 \n• Payment date: on or about 11 September 2020\n\nContact\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no\n","text":"31 August 2020 Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q2 2020 earnings, previously announced on 28 August 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.18 per share (NOK 1.60 per share) as from tomorrow. • Amount: USD 0.18 per share (NOK 1.60 per share) • Currency: NOK • Date of approval: 27 August 2020, in a resolution by the Board of Directors • Last day including right: 31 August 2020 • Ex-div date: 1 September 2020 • Record date: 2 September 2020 • Payment date: on or about 11 September 2020 Contact Ben Boiling, CFO +47 912 40 945 ben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"fb5607c8-1226-44d5-bb11-3699008aa0ac","group_id":"7ad8738d-b97b-43a7-8137-1a14e75886b3","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ads-appoints-marius-halvorsen-as-chief-commercial-officer-fb5607c8","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: ADS APPOINTS MARIUS HALVORSEN AS CHIEF COMMERCIAL OFFICER","slug":"adsc-me-ads-appoints-marius-halvorsen-as-chief-commercial-officer-fb5607c8","publish_date":"2020-06-11T12:00:00Z","html":"
11 June 2020\n\nMarius Halvorsen has joined Arendals Dampskibsselskab AS (“ADS”) as Chief\nCommercial Officer. ADS is the manager of ADS Crude Carriers Plc, and in\naddition has investments in shuttle tankers and dry bulk carriers. Prior to\njoining ADS Marius worked as CEO of Fearnley Securities in Oslo, previous to\nwhich he spent 15 years working in New York, predominantly in top management\npositions in finance and investment banking. \n\nTerje Bodin Larsen, CEO of ADS said: “We are extremely happy to welcome Marius\nonboard. He has high calibre shipping and finance experience and will be a key\ncontributor in our drive for growth, both in relation to ADS Crude Carriers Plc\nand ADS.” Marius Halvorsen said: “I am very excited to join such a competent\nteam. The company is perfectly positioned for expansion, has a great track\nrecord, as well as excellent commercial and technical operations.”\n\n\n\nContact:\n\nTerje Bodin Larsen CEO\ntbl@ads.no\n+4790535543\n","text":"11 June 2020 Marius Halvorsen has joined Arendals Dampskibsselskab AS (\"ADS\") as Chief Commercial Officer. ADS is the manager of ADS Crude Carriers Plc, and in addition has investments in shuttle tankers and dry bulk carriers. Prior to joining ADS Marius worked as CEO of Fearnley Securities in Oslo, previous to which he spent 15 years working in New York, predominantly in top management positions in finance and investment banking. Terje Bodin Larsen, CEO of ADS said: \"We are extremely happy to welcome Marius onboard. He has high calibre shipping and finance experience and will be a key contributor in our drive for growth, both in relation to ADS Crude Carriers Plc and ADS.\" Marius Halvorsen said: \"I am very excited to join such a competent team. The company is perfectly positioned for expansion, has a great track record, as well as excellent commercial and technical operations.\" Contact: Terje Bodin Larsen CEO tbl@ads.no +4790535543"},"extensions":{},"source":"ob"},{"news_id":"93422c0d-b687-462d-a44b-6d6bc77f3f8f","group_id":"b390119b-05a1-49cf-b268-3e9b8cd86eb2","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-dividend-usd-0-30-today-93422c0d","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex dividend USD 0.30 today","slug":"adsc-me-ex-dividend-usd-0-30-today-93422c0d","publish_date":"2020-06-04T06:33:57Z","html":"
The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.30 as from\ntoday, 04.06.2020.\n","text":"The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.30 as from today, 04.06.2020."},"extensions":{},"source":"ob"},{"news_id":"ef543b4c-04a3-42c7-8ceb-3773ef9afaa2","group_id":"0b736e46-cf09-46f4-bad8-7e79221bb489","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-utbytte-usd-0-30-i-dag-ef543b4c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"no","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex utbytte USD 0,30 i dag","slug":"adsc-me-ex-utbytte-usd-0-30-i-dag-ef543b4c","publish_date":"2020-06-04T06:33:57Z","html":"
Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,30 fra og med i dag,\n04.06.2020.\n","text":"Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,30 fra og med i dag, 04.06.2020."},"extensions":{},"source":"ob"},{"news_id":"b0f6314c-4203-4dab-bb23-cc9da04fb617","group_id":"dc07d5b7-9ccd-4328-9c80-d445a944f0c6","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q1-2020-b0f6314c","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Key information regarding the cash dividend declared in relation to Q1 2020","slug":"adsc-me-key-information-regarding-the-cash-dividend-declared-in-relation-to-q1-2020-b0f6314c","publish_date":"2020-06-03T05:30:00Z","html":"
3 June 2020\n\nToday is the last day of trading for which shares in ADS Crude Carriers Plc\ninclude the right to receive the forthcoming dividend in relation to Q1 2020\nearnings, previously announced on 28 May 2020. The shares will be traded\nex-dividend of the NOK equivalent of USD 0.30 per share (NOK 2.86 per share) as\nfrom tomorrow.\n\n• Amount: USD 0.30 per share (NOK 2.86 per share)\n• Currency: NOK\n• Date of approval: 27 May 2020, in a resolution by the Board of Directors\n• Last day including right: 3 June 2020 \n• Ex-div date: 4 June 2020 \n• Record date: 5 June 2020 \n• Payment date: on or about 16 June 2020\n\nContact\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no\n","text":"3 June 2020 Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q1 2020 earnings, previously announced on 28 May 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.30 per share (NOK 2.86 per share) as from tomorrow. • Amount: USD 0.30 per share (NOK 2.86 per share) • Currency: NOK • Date of approval: 27 May 2020, in a resolution by the Board of Directors • Last day including right: 3 June 2020 • Ex-div date: 4 June 2020 • Record date: 5 June 2020 • Payment date: on or about 16 June 2020 Contact Ben Boiling, CFO +47 912 40 945 ben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"91183e79-7013-4406-a79a-9b69b2676c9b","group_id":"6475b4c5-92a5-4d39-a0d8-04e2a509dd4c","url":"https://mfn.se/ob/a/ads-crude-carriers/ads-crude-carriers-letter-to-shareholders-from-the-chairman-91183e79","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","type":"ir","scopes":["CY"]},"content":{"title":"ADS Crude Carriers - letter to shareholders from the Chairman","slug":"ads-crude-carriers-letter-to-shareholders-from-the-chairman-91183e79","publish_date":"2020-04-03T05:05:00Z","html":"
3 April 2020\n\nDear fellow shareholders,\n\nWe established ADS Crude Carriers Plc in mid-2018 during a low point in the\ntanker market and 2019 is thus our first full year of operation.\n \nDuring the past 12 months:\n\n•\tOur ships were upgraded with exhaust emissions cleaning systems (scrubbers)\nahead of the implementation of IMO 2020;\n\n•\tWe maintained top-class (CAP-1) rating following dry dockings and intermediate\nsurveys for all three of our vessels;\n\n•\tAnd we delivered on our commitment to return earnings to shareholders in the\nform of quarterly dividends.\n \nI write this letter at a time where a pandemic disease known as Covid-19, or the\nCorona virus, has impacted the life of every person on the planet. Our immediate\npriority is the safety, health and wellbeing of all of our people and their\nfamilies. Our seafarers have been significantly impacted as crew changes are for\nthe time being not possible. I would like to thank both the crew who remain\nonboard for longer and the crew at home waiting to sign-on for their hard work,\npositive attitude and understanding.\n\nI do not know what the long-term economic consequences of this virus will be,\nbut short-term it is clear that it will have a major impact on the financial\nmarkets and world trade. This does not necessarily mean that the tanker market\nwill be weak, as the supply and demand ratio of tankers is influenced by many\nfactors, a number of which are dynamic and unpredictable, such as oil price and\ncontango, storage, sanctions, and security issues. The VLCC market is volatile\nand, hence, hard to forecast.\n\nIf the market is to be strong over the next couple of years – as many market\nanalysts have forecast – our Company will be well positioned to generate\nsignificant profits and cash flow. Our vessels have a low cash break-even and we\nwill deliver all free cash back to our shareholders as dividends.\n\nI am grateful to have you onboard as co-owners in ADS Crude Carriers Plc.\n\nBjørn Tore Larsen,\nChairman \n\n\nInvestor Relations Contacts\nTerje Bodin Larsen, CEO\n+47 905 35 543\ntbl@ads.no \n\nBen Boiling, CFO\n+47 912 40 945\nben.boiling@ads.no\n","text":"3 April 2020 Dear fellow shareholders, We established ADS Crude Carriers Plc in mid-2018 during a low point in the tanker market and 2019 is thus our first full year of operation. During the past 12 months: • Our ships were upgraded with exhaust emissions cleaning systems (scrubbers) ahead of the implementation of IMO 2020; • We maintained top-class (CAP-1) rating following dry dockings and intermediate surveys for all three of our vessels; • And we delivered on our commitment to return earnings to shareholders in the form of quarterly dividends. I write this letter at a time where a pandemic disease known as Covid-19, or the Corona virus, has impacted the life of every person on the planet. Our immediate priority is the safety, health and wellbeing of all of our people and their families. Our seafarers have been significantly impacted as crew changes are for the time being not possible. I would like to thank both the crew who remain onboard for longer and the crew at home waiting to sign-on for their hard work, positive attitude and understanding. I do not know what the long-term economic consequences of this virus will be, but short-term it is clear that it will have a major impact on the financial markets and world trade. This does not necessarily mean that the tanker market will be weak, as the supply and demand ratio of tankers is influenced by many factors, a number of which are dynamic and unpredictable, such as oil price and contango, storage, sanctions, and security issues. The VLCC market is volatile and, hence, hard to forecast. If the market is to be strong over the next couple of years - as many market analysts have forecast - our Company will be well positioned to generate significant profits and cash flow. Our vessels have a low cash break-even and we will deliver all free cash back to our shareholders as dividends. I am grateful to have you onboard as co-owners in ADS Crude Carriers Plc. Bjørn Tore Larsen, Chairman Investor Relations Contacts Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no Ben Boiling, CFO +47 912 40 945 ben.boiling@ads.no"},"extensions":{},"source":"ob"},{"news_id":"a5708bdf-9ffa-476e-b3b8-83d9f537d69f","group_id":"a1147d1e-f084-4d9d-8661-1c84c085f515","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-utbytte-usd-0-09-i-dag-a5708bdf","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"no","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex utbytte USD 0,09 i dag","slug":"adsc-me-ex-utbytte-usd-0-09-i-dag-a5708bdf","publish_date":"2020-03-10T07:44:02Z","html":"
Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,09 fra og med i dag,\n10.03.2020.\n","text":"Aksjene i ADS Crude Carriers Plc noteres ex utbytte USD 0,09 fra og med i dag, 10.03.2020."},"extensions":{},"source":"ob"},{"news_id":"b3a61124-6092-4276-ad65-4eac2bdea8e7","group_id":"a298c055-3382-4aae-a593-6fe4be8fb689","url":"https://mfn.se/ob/a/ads-crude-carriers/adsc-me-ex-dividend-usd-0-09-today-b3a61124","author":{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]},"subjects":[{"entity_id":"9bc3c013-f3c3-408e-aef0-d36152c146f5","slug":"ads-crude-carriers","slugs":["ads-crude-carriers"],"name":"ADS Crude Carriers","isins":["CY0108052115"],"leis":["254900W1NJ6UIVLUCN25"],"tickers":["MERK:ADSC-ME"]}],"properties":{"lang":"en","tags":["sub:ca","sub:ca:other"],"type":"ir","scopes":["CY"]},"content":{"title":"ADSC-ME: Ex dividend USD 0.09 today","slug":"adsc-me-ex-dividend-usd-0-09-today-b3a61124","publish_date":"2020-03-10T07:44:02Z","html":"
The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.09 as from\ntoday, 10.03.2020.\n","text":"The shares in ADS Crude Carriers Plc will be traded ex dividend USD 0.09 as from today, 10.03.2020."},"extensions":{},"source":"ob"}]}