Beskrivning
| Land | Singapore |
|---|---|
| Sektor | Tjänster |
| Industri | Shipping & Offshore |
2023-04-28 14:35:45
Singapore, 28 April 2023 - Reference is made to the stock exchange announcement
published by BW Epic Kosan Ltd. (ticker "BWEK", "BW Epic Kosan" or the
"Company") on 16 August 2021 regarding the transaction agreement entered into
with Odfjell Gas Shipowning AS to acquire two 9,000 cbm ethylene capable
carriers (the "Transaction Agreement").
As disclosed therein, Odfjell Gas Shipowning AS is entitled to additional
consideration (the "Additional Consideration") in the form of up to 362,611
shares in the Company subject to certain conditions being fulfilled during an
18-month period from delivery of the vessels. Odfjell Gas Shipowning AS
subsequently transferred the right to the Additional Consideration to Odfjell
SE.
The Company is pleased to announce that, on 28 April 2023, the Company had
allotted and issued 90,653 ordinary shares to Odfjell SE at an issue price of
USD 1.00 per share, which was settled and fully paid by way of set off against
the Additional Consideration due from the Company pursuant to the Transaction
Agreement. Following the share issuance, the issued share capital of the Company
now stands at 159,557,686 ordinary shares.
Please refer to the attached announcement.
BW Epic Kosan Ltd.
www.bwek.com
ir@bwek.com