ADS Maritime Holding Plc Annual Report 2020

The Board of Directors of ADS Maritime Holding Plc (“ADS” or the “Company”) has approved the 2020 audited Annual Report. There were no changes to the consolidated annual financial statements compared to those presented in the Company’s unaudited fourth quarter and preliminary full year 2020 interim report published on 26 February 2021.

Change to the board of directors

ADS Maritime Holding Plc (the “Company”) announces that, following yesterday’s purchase by ADS Shipping Ltd of all of the shares in the Company previously owned by SFL Corporation Ltd (“SFL”), SFL’s representative on the Company’s board of directors, Trym Sjølie, has today left the Company’s board of directors.

Mandatory notification of trade

ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Maritime Holding Plc (the “Company”), has today acquired all 4,031,800 shares from SFL Corporation Ltd in the Company at an average purchase price of NOK 1.72 per share.