Selskapsmeldinger

Endring av aksje: Net1 International Holdings AS (NET1)

Corporate actions

2019-05-20 10:25:49

Det er foretatt endringer i Net1 International Holdings AS (ISIN:NO0010831050, ticker NET1). Aksjebeholdningen er øket fra 154 391 095 til 482 287 950.

MyBank ASA: CEO Christen Fredriksen fratrer sin stilling

Company news

2019-05-20 09:03:45

Styret i MyBank ASA og CEO Christen Fredriksen har i dag inngått en fratredelsesavtale der Fredriksen fratrer med umiddelbar virkning. Jakob Bronebakk er konstituert CEO, og vil samtidig fortsette som CFO. Selskapet starter nå en prosess for å finne en permanent CEO.

For ytterligere informasjon:
Tom Knoff, styreleder: +47 913 12 876

Hafnia Limited. (N-OTC: “HAFNIA”) Interim Report for the First Quarter of 2019.

Company news

2019-05-20 08:30:33

Hafnia Limited. (N-OTC: “HAFNIA”) Interim Report for the First Quarter of 2019.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE U.S., CANADA, AUSTRALIA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Dated: May 20, 2019

Interim Report for the First Quarter of 2019

Please see attached the Interim Report for the First Quarter of 2019 for Hafnia Limited (“Hafnia”).

“In Q1 we have seen two organizations coming together following the execution of the merger between BW Tankers and Hafnia Tankers. We are very proud of the energy and commitment shown by our organization delivering synergies and good performance in a satisfactory market. With a fleet of 87 owned and chartered-in vessels on the water, an average age of c. 6.8 years and a strong balance sheet, the company is well-positioned for an expected upturn in the product tanker market. We are also working on unifying our already strong culture and values, which will benefit both internal and external stakeholders.”, says Mikael Skov, CEO Hafnia.

• In January 2019, BW Tankers and Hafnia Tankers merged into Hafnia. In the first quarter of 2019 the organization has been focused on integrating the two companies and by the end of Q2 this will substantially have been completed. Operating 170 vessels in the Hafnia pools, of which 87 are owned and chartered-in, has led to significant commercial, financial, technical and operational synergies. The large fleet allows us to utilize the data generated to further optimize vessel operation and planning.

• Time Charter Equivalent (TCE) earnings were US$132.6 million in Q1 2019.

• EBITDA was US$74.1 million in Q1 2019.

• Net profit after tax was US$27.9 million in Q1 2019.

• At the end of the quarter, the 80 owned vessels and four newbuilds had an average broker valuation of US$2,159.4 million. At the end of Q1 the remaining CAPEX for the newbuilds was US$119.3 million.

• At the date of this report, the fleet size of the Group comprises three LR2s, 29 LR1s (including six bareboat chartered-in and two time-chartered in), 43 MRs (including three time-chartered in) and 13 SRs owned/operated, plus three LR2 newbuilds.

• Three LR2 newbuilds, BW Despina, BW Galatea and BW Larissa have been delivered as at the date of this report.

• In January 2019, the Group took delivery of Hafnia Hong Kong and Hafnia Shanghai, the first two LR1 newbuilds through its 50% participation in a joint venture with China State Shipbuilding Cooperation (“CSSC”).

LR2 LR1 MR SR

Vessels on water at the end of the period

2 29 43 13

Total operating days

97 2,562 3,992 1,169

Total calendar days (excluding TC-in)

97 2,430 3,600 1,170

TCE (US$ per operating day)1

17,063 18,587 16,479 16,861

OPEX (US$ per calendar day)2

6,186 6,685 6,254 6,094


1 TCE represents gross TCE income after adding back pool commissions (US$2.2 million).
2 OPEX includes vessel running costs and technical management fees.

• In accordance with the bye-laws, the board of directors has decided that the Company shall explore the possibility to purchase own shares. The purpose of the share buyback is inter alia to be able to deliver shares under a share option program for its employees and to have flexibility for potential business opportunities. The shares will be purchased from the open market and further announcements will be made in connection with the share buy-back if and when the Company resolves to purchase own shares.

Product trade growth is projected to rise in 2019 due to resumption of arbitrage opportunities to Asia and from increased growth in the Middle East. Inventory building could occur in the run up to 2020, driven by a relatively lower oil price environment across 2019. Looking to 2020, the IMO 2020 sulphur cap could generate a healthy growth in the products trade as the regulation is anticipated to heightened demand for middle distillates, supporting higher gasoil shipments into the major bunkering hubs in Europe and Asia. Conversely, a fall in global fuel oil trade is anticipated due to lower usage in bunkering.

Expansion in the products trade is expected to be largely supported by robust growth in Middle Eastern exports in 2019, with several refinery expansions and start-ups projected to drive growth in the region’s refinery capacity over the year. Additionally, Asian product exports are projected to rise in 2019 boosting growth in the intra-Asian products trade. With the IMO 2020 sulphur cap expected to increase demand for gasoil in 2020, the pace of products export growth from the US, the Middle East and China is likely to accelerate as complex refineries in these regions raise utilisation rates to produce additional gasoil.

In 2018, the combined crude and product tanker fleet capacity grew very marginally. Annual deliveries were at their lowest levels since 2005. Scrapping in the crude tanker fleet was at its highest since 1985 and scrapping for the product tanker fleet was at its highest since 2012. In early 2019, product tanker capacity growth rebounded with fleet capacity expanding by more than one and a half percent in Q1 2019. This growth rate is not expected to be sustained in 2019 as the pace of deliveries will slow, given the front-loaded nature of the delivery schedule.

The fleet capacity growth is estimated at about three percent for the entire 2019. Several factors will potentially help to offset the impact of the increase in fleet capacity. Firstly, growth in the active tanker fleet could be limited by time out of service for scrubber retrofitting. Additionally, there could also be an increase in floating storage in the lead up to the IMO 2020 global sulphur cap. Overall, the outlook for 2019 is positive. Market dislocations in relation to IMO 2020 regulations are anticipated to provide increased arbitrage opportunities which will boost overall demand for product tanker freight.

The product tanker freight market had a positive start to 2019 – according to Clarksons, average earnings across all vessel segments for Q1 2019 were reported at a healthy 26% increase quarter-on-quarter and at a notable 45% increase year-on-year.

* * * *
For further information, please contact:
Mikael Skov, CEO Hafnia: +65 6950 3822
* * * *
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction.

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may”, “will”, “should”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” and similar expressions identify forward-looking statements. Although Hafnia believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Hafnia can give no assurance that such expectations will prove to be correct.

Fjerning av aksje: Ice Group AS (ICE)

Corporate actions

2019-05-20 07:44:36

Ice Group AS (ISIN:NO0010734742, ticker ICE) er fjernet fra handelsstøttesystemet

Generalforsamling

Company news

2019-05-17 10:33:36

Ordinær generalforsamling i Etrinell AS, avholdes 22/5-19, kl. 11:00, i selskapets lokaler hos Regus Skøyen, Karenslyst allè 8b. Styret foreslår at det ikke utbetales utbytte for 2018.

Endring av aksje: MyBank ASA (MYBANK)

Corporate actions

2019-05-16 16:38:21

Det er foretatt endringer i MyBank ASA (ISIN:NO0010780885, ticker MYBANK). Emisjonsverdien er redusert fra 299 787 001 til 62 113 604.

Endring av aksje: MyBank ASA (MYBANK)

Corporate actions

2019-05-16 16:37:41

Det er foretatt endringer i MyBank ASA (ISIN:NO0010780885, ticker MYBANK). Aksjebeholdningen er øket fra 237 926 191 til 414 090 694.

Ice Group ASA: Approval and publication of prospectus in connection with listing on Oslo Axess (ICE)

Company news

2019-05-16 13:19:16

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.


Ice Group ASA: Approval and publication of prospectus in connection with listing on Oslo Axess

Oslo, 16 May 2019 – Ice Group ASA ("Ice Group" or the "Company", OSE ticker “ICE”) announces that the prospectus for the listing on Oslo Axess (the "Prospectus") has today been approved by the Financial Supervisory Authority of Norway.

The Prospectus will, subject to regulatory restrictions in certain jurisdictions, be available at www.icegroup.com. Hard copies of the Prospectus can be obtained free of charge by contacting the Company or the Joint Lead Managers (defined below). No offering of securities will be conducted in connection with the Prospectus.

As announced on 9 May 2019, the first day of listing of the shares of ICE Group on Oslo Axess will be on 20 May 2019.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are acting as Joint Lead Managers for the listing on Oslo Axess. Advokatfirmaet BAHR AS is acting as legal adviser to the Company. Corporate Communications AS is acting as communication and media advisor in connection with the listing.

For further information, please contact:
Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389
Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 416 10 605, email: endre.johansen@corpcom.no

About Ice Group ASA
Ice Group is a telecommunications company with nationwide networks in Norway and Denmark. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. Ice Group also offers mobile broadband, m2m and IoT services in Denmark through its own network. For more information, see www.icegroup.com.


Important Notice
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. None of DNB Markets (a part of DNB Bank ASA) and Pareto Securities AS (being the Joint Lead Managers) or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company.

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia). Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction, or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. The distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein 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.

This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase or subscribe for, any securities referred to in this announcement to any person in any jurisdiction, including, Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United Stated or to conduct a public offering of securities in the United States.

This announcement is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this announcement must satisfy themselves that it is lawful to do so.

No offering of securities referred to in this announcement is being made in connection with the Prospectus. This announcement is an advertisement and does not constitute a prospectus for the purposes of the Prospectus Directive. The expression "Prospectus Directive" means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing measure in each Member State. The Prospectus prepared by the Company pursuant to the Prospectus Directive and approved by the competent authority in Norway can, following publication, be obtained on the Company's website, subject to regulatory restrictions, and will be available from the Joint Lead Managers' registered offices. Investors should not subscribe for any securities referred to in this announcement. Before purchasing any shares, persons viewing this announcement should ensure that they fully understand and accept the risks set out in the Prospectus. The information in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.

In any EEA Member State other than Norway, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. Each of the Company, the Joint Lead Managers and their respective affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

This announcement does not constitute a recommendation concerning the securities described herein. The price and value of securities and any income from them can go down as well as up. Past performance is not a guide to future performance. There is no guarantee that the listing on Oslo Axess will occur and you should not base your financial decisions on the Company's intentions in relation to the listing at this stage.

The Joint Lead Managers and their affiliates are acting exclusively for the Company and no-one else in connection with the intended listing on Oslo Axess. They will not regard any other person as their respective clients in relation to the intended listing on Oslo Axess and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, the contents of this announcement or any transaction, arrangement or other matter referred to herein. DNB Markets (a part of DNB Bank ASA) and Pareto Securities AS are authorised and regulated by the Financial Supervisory Authority of Norway.

Euronexts aksjonærer støtter oppkjøpet av Oslo Børs VPS

Company news

2019-05-16 12:37:47

På dagens generalforsamling i Amsterdam stemte aksjonærene i Euronext enstemmig for kjøpet av opptil 100% av aksjene i Oslo Børs VPS.

Det offentliggjorde Euronext i en melding. Link til meldingen er vedlagt.

Euronext's shareholders voted in favour of acquisition of Oslo Børs VPS

Company news

2019-05-16 12:33:13

Euronext announced today that its shareholders unanimously voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders held on 16 May 2019 in Amsterdam.

Enclosed is link to Euronext's Public release.

Golar LNG Limited - Q1 2019 results presentation

Company news

2019-05-15 15:10:01

Golar LNG's 1st Quarter 2019 results will be released before the NASDAQ opens on Tuesday May 21, 2019. In connection with this a webcast presentation will be held at 3:00 P.M (London Time) on Tuesday, May 21, 2019. The presentation will be available to download from the Investor Relations section at www.golarlng.com

This webcast will be immediately followed by a Q&A session. Participants will be able to join the webcast by dialling-in using the following details:

a. Webcast

Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer.

b. Teleconference

Call-in numbers:

International call +44 2071 928 000

UK Free call 0800 376 7922

US Toll +1 631 510 7495

USA Free call 866 966 1396
Norway Toll +47 23 96 02 64

Norway Free call 800 51874

The participants will be asked for their name and conference ID. The Golar conference ID is 8268615

There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to participate at the time of the call, you can either listen to a replay of the conference call on www.golarlng.com (Investors, Results Centre), or listen to a playback by dialling:

United Kingdom +44 3333 009 785

United States +1 917 677 7532

Norway +47 21 03 42 35

Net1 International Holdings AS – New share capital registered

Company news

2019-05-15 14:54:05

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Reference is made to the previous announcements by Net1 International Holdings AS ("Net1") in respect of among other things the rights offering of 241,666,667 new shares in Net1 (the “Rights Offering”), the private placement of 81,761,513 shares directed at Sampoerna AGRI Resources Pte. Ltd. and the private placement of 4,320,961 shares directed at Polaris Mobile Pte. Ltd. (the “Private Placements”) as approved at the extraordinary general meeting in Net1 on 5 April 2019.

The share capital increases pertaining to the Rights Offering and the Private Placements have now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Net1’s new share capital is NOK 434,059,155 divided into 482,287,950 shares, each with a nominal value of NOK 0.90.

The new shares issued in the Rights Offering and the Private Placements are expected to be registered on the respective shareholder’s VPS accounts and admitted to trading on the N-OTC list today.

For further information, please contact:

Investors: Amit Vithlani at email: cfo@net1.international
Media: Endre Aaberg Johansen at Corporate Communications AS: tel +47 41 61 06 05, email: endre.johansen@corpcom.no

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.

Araca Energy ASA today announced the launch of a new website

Company news

2019-05-15 14:16:05

Oslo, 15th May 2019 - Araca Energy ASA, a Norwegian based oil and gas E&P company with its main assets onshore in the Komi Republic of the Russian Federation, today launched its new website design and content. The web address remains the same at www.araca.no.

For further information please contact:

Harald Sætvedt
CEO Araca Energy ASA
E-mail: hs@araca.no
Phone: +47 911 37 234

--

About Araca Energy ASA
Araca is an oil and gas exploration and production company (E&P) based in Oslo, Norway with its main assets onshore in the Komi Republic of the Russian Federation. The company´s shares trade under the ticker ARACA on the NOTC-A list in Norway.

Araca Energy ASA lanserte i dag ny webside

Company news

2019-05-15 14:14:48

Oslo, 15. mai 2019 - Araca Energy ASA, et norskbasert Olje & Gasselskap med eierandeler i olje- og gassfelt i Komirepublikken i Russland , lanserte i dag nye websider. Web-adressen er den samme som før, www.araca.no.

For ytterligere informasjon, vennligst kontakt:

Harald Sætvedt
CEO Araca Energy ASA
E-mail: hs@araca.no
Phone: +47 911 37 234
--

About Araca Energy ASA
Araca er et olje- og gasselskap (E&P) med hovedkontor i Oslo. Selskapet har sine viktigste eierandeler i olje- og gassfelt i Komi Republikken på land i Russland. Selskapets aksjer er notert på NOTC-A listen med tickeren ARACA.

Quantafuel AS (QFUEL) to present at the 2019 World Waste to Energy and Resources Summit.

Company news

2019-05-15 09:40:29

Quantafuel has been invited to present at the World Waste to Energy and Resources Summit in London 21-22th of May.

For more information or further comments, please contact:

Kjetil Bøhn,
Chief Executive Officer
kjetil.bohn@quantafuel.com
+47 91 57 38 18

Thomas Steenbuch Tharaldsen,
Chief Commercial Officer
thomas.tharaldsen@quantafuel.com
+47 41 55 01 21

About Quantafuel https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.
Quantafuel has secured funding for the completion and commission of its first commercial production plant in Skive, Denmark, and will also commence the Skive II project, which will increase production of low carbon naphtha, diesel and marine gas oil to a total of 48,000 tons annually.
Quantafuel targets a production of a above 122,000 tons in 2022, including a JV plant with our off-taker partner Vitol, the world’s largest independent energy trader.

KCC: Oslo, 15 May 2019: Successful completion of private placement, upcoming listing on Oslo Stock Exchange and option for seventh and eight combination carrier newbuild declared

Company news

2019-05-15 09:15:30

Subsequent to the today’s successful completion of a private placement with gross proceeds of NOK 350 million, and an additional overallotment of about 5%, Klaveness Combination Carriers ASA (“KCC”) will apply for listing at the Oslo Stock Exchange/Oslo Axess. First day of trading is expected to be on or about May 22nd, 2019.

Following the successful private placement, KCC has declared two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The two newbuilds are scheduled for delivery in January and February 2021. Following the declaration, the KCC fleet will grow to 17 vessels within 1st quarter of 2021. The company holds options for further vessels.

“We are pleased to grow the CLEANBU fleet further to eight vessels by early 2021 which will strengthen KCC’s service offering to the oil and petrochemical industry and enable the further expansion of the climate friendly CLEANBU service to new geographical markets. Through its unique design and trading pattern, the CLEANBUs secure a 30-40% reduction in CO2, SOx and NOx emissions compared to standard tankers”, says Engebret Dahm, CEO of Klaveness Combination Carriers.

The company announced in March, 2019, that it had retained ABG Sundal Collier ASA, Clarksons Platou Securities AS and SEB Corporate Finance (a part of Skandinaviska Enskilda Banken AB (publ) Oslofilialen) as its advisors in connection with the previously announced contemplated listing of the Company’s shares on the Oslo Stock Exchange. This transaction is now completed.
"The successful private placement demonstrates the strong interest from investors in the unique KCC business model, despite turbulent capital markets over the last weeks. By listing the company on Oslo Stock Exchange we have reached a new milestone and the company is ready for further, profitable growth. KCC provides investors a unique exposure to both product tanker markets, dry bulk markets, the upcoming new regulations on low Sulphur fuel in 2020 and not least the most climate efficient deep sea transportation system today", says Lasse Kristoffersen, Chairman of the Board of Klaveness Combination Carriers.

About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating currently nine CABU and one CLEANBU combination carriers with another seven CLEANBU combination carriers on order for delivery in the period May 2019 - February 2021. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. In wet mode the CABUs are designed to carry heavy liquid cargoes, such as caustic soda solution (the “CSS”), while the CLEANBUs are designed to carry both clean petroleum products (the “CPP”) and CSS.

For further queries, please contact:
Lasse Kristoffersen, Chairperson
Telephone + 47 22 52 62 38

Engebret Dahm, CEO
Telephone +47 22 52 62 62

Klaveness Combination Carriers ASA announces successful completion of NOK 350 million private placement and upcoming listing on Oslo Axess

Company news

2019-05-15 08:30:21

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE LOCAL SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.

Oslo, 15 May 2019: With reference to the announcement on 2 May 2019 regarding the contemplated private placement (the “Private Placement”) and listing on the Oslo Stock Exchange/Oslo Axess (the “Listing”), Klaveness Combination Carriers ASA (“KCC” or the “Company”) today announces that it has successfully completed bookbuilding in the private placement of common shares.

In connection with the Private Placement, the Company will issue 7,368,000 new shares (the “New Shares”) at a price of NOK 47.50 per share raising gross proceeds to the Company of NOK 350 million. In addition, the Joint Bookrunners have over-allotted an additional 382,000 shares (the “Additional Shares”), representing approximately 5% of the number of New Shares. A total of 7,750,000 shares (the “Offer Shares”) were allocated in the Offering.

The net proceeds from the Private Placement will be used to finance the equity portion of two options for the construction of a seventh and eighth CLEANBU newbuild at Jiangsu New Yangzi Shipbuilding Co., Ltd. in China with scheduled deliveries in Q1 2021.

KCC will today apply for listing of all shares in the Company (the “Shares”) on Oslo Axess with an expected first day of trading on or about Wednesday 22 May 2019. Consequently, the Shares will, upon Listing, be de-registered from N-OTC and be admitted for trading through the facilities of the Oslo Stock Exchange. The Offer Shares will be tradeable from and including the first day of trading on Oslo Axess and will not be tradeable on the N-OTC.

Following the issuance of the New Shares, the Company’s share capital will increase to NOK 47,880,000, consisting of 47,880,000 common shares, each with a nominal value of NOK 1.00 per common share. The share capital increase related to the issuance of the New Shares is expected to be registered with the Norwegian Registry of Business Enterprises on or about 21 May 2019.

KCC has granted the Joint Bookrunners an Over-allotment Option, exercisable by ABG Sundal Collier ASA as stabilisation manager (the “Stabilisation Manager”) within 30 days from the first day of trading to cover short positions created by over-allotments in connection with the Private Placement. For the purpose of enabling delivery of such over-allotted shares, the Joint Bookrunners have borrowed an equal number of shares from Klaveness Ship Holding AS ("KSH"). A separate disclosure regarding the over-allotment and stabilisation activities will be issued by the Stabilisation Manager on the first day of trading on Oslo Axess.

Notification of allocated shares and the corresponding amount to be paid by investors are expected to be communicated to investors today,15 May 2019.

The following primary insiders have subscribed for, and were allocated, Offer Shares in the Private Placement:

• KSH, represented on the Board of Directors by the Chairman Lasse Kristoffersen, was allocated 184,200 Offer Shares in the Private Placement. Following the Private Placement, KSH will hold 25,845,950 shares in the Company, corresponding to approximately 54.0% of the share capital if the Over-allotment Option is not exercised and 53.6% of the share capital if the Over-allotment Option is exercised in full.

• EGD Shipholding AS (“EGD”), represented on the Board of Directors by Magne Øvreås, was allocated 55,260 Offer Shares in the Private Placement. Following the Private Placement, EGD will hold 8,788,260 shares in the Company, corresponding to approximately 18.4% of share capital if the Over-allotment Option is not exercised and approximately 18.2% of the share capital if the Over-allotment Option is exercised in full.

• Board member Lori Wheeler Næss was allocated 2,105 Offer Shares in the Private Placement. Following the Private Placement, Næss will hold 2,105 shares in the Company, corresponding to approximately 0.03% of share capital if the Over-allotment Option is not exercised and approximately 0.03% of the share capital if the Over-allotment Option is exercised in full.

• Primary insider Ingri Langemyhr was allocated 3,000 Offer Shares in the Private Placement. Following the Private Placement, Langemyhr will hold 5,250 shares in the Company, corresponding to approximately 0.07% of share capital if the Over-allotment Option is not exercised and approximately 0.07% of the share capital if the Over-allotment Option is exercised in full.

• Primary insider Håkon Arne Moltubakk was allocated 842 Offer Shares in the Private Placement. Following the Private Placement, Moltubakk will hold 842 shares in the Company, corresponding to approximately 0.01% of share capital if the Over-allotment Option is not exercised and approximately 0.01% of the share capital if the Over-allotment Option is exercised in full.

ABG Sundal Collier ASA and Clarksons Platou Securities AS are acting as Joint Global Coordinators and Joint Bookrunners and SEB Corporate Finance (a part of Skandinaviska Enskilda Banken AB (publ) Oslofilialen) is acting as a Joint Bookrunner (together the “Joint Bookrunners”) in connection with the Private Placement and the Listing.

For further queries, please contact:
Engebret Dahm, Managing Director,
Telephone +47 22 52 62 62

Lasse Kristoffersen, Chairperson,
Telephone + 47 22 52 62 38

About Klaveness Combination Carriers ASA:

KCC is the world leader in combination carriers, owning and operating currently nine CABU and one CLEANBU combination carriers with another five CLEANBU combination carriers on order for delivery in the period May 2019 - October 2020. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. In wet mode the CABUs are designed to carry heavy liquid cargoes, such as caustic soda solution (the “CSS”), while the CLEANBUs are designed to carry both clean petroleum products (the “CPP”) and CSS.

IMPORTANT NOTICE

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. None of the Joint Bookrunners or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company.

Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer to sell or a solicitation of any offer to buy or subscribe for any securities referred to in this announcement to any person in any jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong or South Africa or any jurisdiction to whom or in which such offer or solicitation is unlawful.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States.

Any offering of the securities referred to in this announcement will be made by means of a set of subscription materials provided to potential investors. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned subscription material.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive ("Qualified Investors"), i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are Qualified Investors and that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

The Joint Bookrunners and their affiliates are acting exclusively for the Company and no-one else in connection with the Private Placement. They will not regard any other person as their respective clients in relation to the Private Placement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Private Placement, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the Private Placement, the Joint Bookrunners and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the Private Plcement or otherwise.

Accordingly, references in any subscription matierals to the shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Joint Bookrunners and any of their affiliates acting as investors for their own accounts. The Joint Bookrunners do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "aims", "expect", "anticipate", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, each of the Joint Bookrunners and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

The Private Placement and the contemplated Listing may be influenced by a range of circumstances, such as market conditions, and there is no guarantee that the Private Placement will proceed and that the Listing will occur.

Certain figures contained in this document, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this document may not conform exactly with the total figure given.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.

KAHOOT - Kahoot! and Poio join forces to empower all children to learn to read through play

Company news

2019-05-15 07:56:21

Oslo, Norway, May 15, 2019 - Kahoot!, the global learning platform, today announced its acquisition of Poio, the acclaimed learn-to-read app for all children. In record time, Poio has created a unique community in Scandinavia, helping more than 100,000 children to learn to read through play. In June, Kahoot! and Poio will launch the English edition of Poio, and make it available to all Kahoot!’s users world-wide.

Kahoot! continues to strengthen the leading learning community in the world by connecting teachers, students, parents and organizations with premium content. Last year over five million teachers hosted kahoots for hundreds of millions of students, and Poio the learn-to-read app and the DragonBox family of math apps are important contributions to the growing global Kahoot! Community. The acquisition of Poio and DragonBox will be important building blocks for the Kahoot! learning platform and further accelerate Kahoot!’s user- and revenue growth.

The transaction is based on Kahoot! acquiring 100% of the shares in Poio AS for a total consideration of approx. USD 6.5 million on a cash and debt-free basis. The consideration will be settled by a combination of cash and new Kahoot! shares at a subscription price of NOK 25 per share. The transaction is expected to be completed by the end of June 2019.

“We’re impressed by how Poio has already helped more than 100,000 children in Scandinavia to learn how to read in an awesome way,” said Åsmund Furuseth, CEO and co-founder of Kahoot!. “In June, we are together launching Poio to our international community of millions of users, empowering kids everywhere to play, learn and find joy in reading.”

In 2012, teacher Daniel Senn began researching for what would become Poio, now the most popular learn-to-read app in Scandinavia. The aim of Poio is to help all children learn how to read through the natural process of play. This empowers children to teach themselves how to read, and be in charge of their own learning.

“There is only one goal for Poio, and that is to help as many children as possible to crack the reading code through play,” said Daniel Senn, CEO and founder of Poio. “By teaming up with Kahoot!, we will be able to launch Poio in more languages and with new functionality, bringing the joy of reading to millions of children around the world.”

Father, teacher, and tech expert Daniel Senn quit his job to dedicate all his time to create a better way for children to learn to read through gamification. For Daniel, Poio began as a personal journey as his son was born with a severe hearing problem. Knowing that his son would require extensive assistance to master reading, Daniel and his wife soon realized that the journey to reading mastery had to be fun and enjoyable. And so, Poio was born at the kitchen table of the Senn family.

The goal of the game is to help a troll, named Poio, learn how to read the storybook he has stolen from a group of letter bugs, called Readlings. These characters introduce letters, words and a story in a coherent fantasy world that unravels scene-by-scene. Poio boosts children’s self-esteem, empowering them to master reading at their own pace through play, with positive feedback and exploration as the core experience.

Kahoot! is on a mission to make learning awesome, building the world’s leading learning community by connecting teachers, students, parents and organizations with premium content. Last year, Kahoot! launched the Ignite accelerator program, and the addition of Poio is an important milestone towards building a collection of learning experiences that create value for learners all over the world.

“Mastering reading and math is fundamental for all children to succeed in life. Together with Poio learn-to-read app and Dragonbox math apps, we will make the best learning experiences available for Kahoot!’s hundreds of millions of users around the world, inside and outside the classroom,” said Eilert Hanoa, Chairman of Kahoot!.

Kahoot!, Poio and DragonBox will present more information at the Kahoot! Company Update in Oslo on June 12, 2019.

About Kahoot!

Kahoot! is a game-based learning platform that makes it easy to create, share and play fun learning games or trivia quizzes in minutes. Kahoot! is used in a variety of settings – in K-12 and university classrooms, corporate offices, social settings, and major sporting and cultural events. Kahoot! is embraced by teachers, loved by students, valued by organizations and harnessed by publishers. In 2018, Kahoot! had over one billion participating players in more than 200 countries. Kahoot! is on a mission to make learning awesome and build the leading learning community in the world that connects its users to premium content. Launched in 2013, the company is headquartered in Norway with offices in the US and the UK. Let’s play!
www.kahoot.com

About Poio

Poio is a game-based learning-to-read app, helping children crack the reading code through play. Founded in 2016, Poio has today helped more than 100,000 children to learn to read. Poio has so far been launched in Norway and Sweden, quickly becoming the #1 learn-to-read app in Scandinavia. In June 2019, Poio will be launched globally through a British English version. The company is headquartered in Oslo, Norway.
www.poio.com

For more information, please contact:

Eilert Hanoa, Chairman eilerth@kahoot.com Phone: +47 928 32 905
Martin Kværnstuen, CFO martink@kahoot.com Phone: +47 930 14 547

GoodBulk Ltd. (N-OTC: BULK) Announces Completion of Stock Repurchase

Company news

2019-05-14 19:36:36

Hamilton, Bermuda – (14 May 2019) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK), a leading owner and operator of dry bulk vessels, today announced that on 13 May 2019 the Company agreed to purchase 500,000 common shares at a price of NOK 110 per share from unaffiliated investors, completing its previously announced authorized stock repurchase program. The transaction is expected to settle on 15 May 2019, at which time the Company will have 29,501,986 common shares issued and outstanding, and 500,000 shares held in treasury.

About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda and headquartered in Monaco, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. GoodBulk controls a fleet of twenty-seven dry bulk vessels, including twenty-five Capesize vessels, one Panamax vessel, and one Supramax vessel. Designed to provide an efficient company for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol “BULK.” More information can be found online at www.goodbulk.com.

Forward Looking Statements
This release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates, sometimes identified by the words such as "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as at the date of this release. Consequently, no forward-looking statement can be guaranteed. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, the Company cannot assess the impact of each such factors on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.

Company contact
Andrew Garcia
President and Director
GoodBulk Ltd.
Tel +377 97 98 59 87
Email ag@goodbulk.com

Generalforsamling i Oslo Børs VPS Holding ASA 2019

Company news

2019-05-14 16:53:42

Generalforsamlingen i Oslo Børs VPS Holding ASA godkjente tirsdag 14. mai årsregnskap og årsberetning for 2018.

Samtlige styremedlemmer ble gjenvalgt.

De aksjonærvalgte medlemmene av styret i Oslo Børs VPS Holding ASA er etter dette:

- Catharina Hellerud (leder)
- Ottar Ertzeid
- Roy Myklebust
- Silvija Seres
- Øyvind G. Schanke

I tillegg har de ansatte to representanter i styret, se www.osloborsvps.no for nærmere informasjon.

Styret i Oslo Børs VPS Holding ASA fikk to fullmakter til å gjennomføre tilbakekjøp av egne aksjer. En fullmakt gjelder for kjøp av inntil en prosent av aksjene i selskapet. Fullmakten er gitt fordi styret ønsker å ha muligheten til å videreføre det aksjeprogram for de ansatte i Oslo Børs VPS-konsernet som har vært gjennomført de siste årene.

Den andre fullmakten gjelder for kjøp av inntil fem prosent av aksjene i selskapet. Styret har som mål å gi aksjeeierne god aksjeavkastning over tid. Tilbakekjøp av egne aksjer med etterfølgende sletting, vil kunne være et virkemiddel for optimalisering av selskapets kapitalstruktur.

For å tilrettelegge for utdeling av utbytte flere ganger i året fikk styret fullmakt til å beslutte utdeling av utbytte på grunnlag av selskapets årsregnskap for 2018. Fullmakten gjelder frem til ordinær generalforsamling i 2020.


For ytterligere informasjon:
Per Eikrem, kommunikasjonsdirektør Oslo Børs, tlf. 22 34 17 40 eller 930 60000.
Epost: per.eikrem@oslobors.no