Beskrivning
Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2024-04-04 11:29:25
4 April 2024
Reference is made to the announcement made by Hafnia Limited ("Hafnia" or the
"Company") on 3 April 2024, regarding the approval by New York Stock Exchange
("NYSE") for the additional listing of the CompanyŽs common shares on the NYSE
(the "US Listing").
To facilitate the US Listing and transfer of common shares between the NYSE and
the Oslo Stock Exchange (the "OSE"), the Company intends to amend the
registration structure for all its common shares to be primarily recorded and
settled within the Depository Trust Company ("DTC") in the United States and
secondarily recorded and settled in Euronext Securities Oslo (the "VPS") through
a Central Securities Depository ("CSD") link (the "Conversion"). Due to
technical settlement procedures in the VPS, a trading suspension in the
Company's common shares listed on the OSE will be required from and including 5
April 2024 to and including 8 April 2024 (the "Trading Suspension") due to the
Conversion. Oslo Børs has approved the Company's request for the Trading
Suspension. Today is the last day of trading before the Trading Suspension.
Set out below is the timeline of the Conversion and the Trading Suspension:
- 4 April 2024: Last day of trading of the CompanyŽs shares on OSE prior to the
Trading Suspension.
- 5 April 2024: Omnibus transfer of legal title to the Company's common shares
to Cede & Co and Conversion process initiated.
- 5 April 2024: First trading day of the Trading Suspension on OSE.
- 8 April 2024: Second trading day of the Trading Suspension on OSE. Conversion
process expected to be completed after the end of the trading day.
- 9 April 2024: Expected end of the Trading Suspension and the Company's shares
will resume normal trading from the start of trading on OSE.
- 9 April 2024: First day of trading on NYSE.
From the perspective of an investor holding the Company's shares in the VPS, the
last settlement cycle for shares traded prior to the Trading Suspension will
take place on 8 April 2024. Investors trading in the Company's shares prior to
the start of the Trading Suspension should not agree to settlement periods that
would provide for settlement after 8 April 2024. Any such trades with settlement
after 8 April 2024 are expected to be cancelled.
Following completion of the Conversion, the Trading Suspension will end, and the
Company's common shares will resume trading as normal, which is expected to
occur from and including the start of trading on 9 April 2024.
Following the Conversion, the book entry interests recorded in the VPS and
listed on the OSE will still be regarded as the Company's common shares pursuant
to the Central Securities Depositories Regulation ("CSDR"). The common shares in
the VPS will not carry any direct shareholder or voting rights in the Company,
but shareholders in the VPS may instruct the VPS Registrar (DNB Bank ASA,
Registrars' Department) to vote their common shares. The VPS Registrar shall
only vote or attempt to vote on the instruction of the owners of common shares
held through the VPS and shall not itself exercise any discretion over voting
rights.
No action will be required by an investor holding shares in the VPS in
connection with the Conversion and investors' registered holdings in the VPS
will continue. All shares held by an investor who has requested, by giving
written notice to the Company pursuant to the Company's bye-laws, to not be
included in the Conversion prior to 5 April 2024 12:00 CEST will be unable to be
traded on either the NYSE or the OSE following completion of the Conversion.
Pursuant to the Company's bye-laws, an investor may, by written notice to the
secretary of the Company, request a subsequent transfer of shares to or from
Cede & Co.
No action is required by an investor holding shares in the VPS in connection
with the Trading Suspension, and investors' holdings will continue to be
registered in the VPS.
* * *
For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil
products and chemicals for major national and international oil companies,
chemical companies, as well as trading and utility companies.
As owners and operators of over 200 vessels, we offer a fully integrated
shipping platform, including technical management, commercial and chartering
services, pool management, and a large-scale bunker desk. Hafnia has offices in
Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000
employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group involved in oil
and gas transportation, floating gas infrastructure, environmental technologies,
and deep-water production for over 80 years.
This information is subject to disclosure requirements pursuant to § 5-12 of the
Norwegian Securities Trading Act.