ADS Maritime Holding Plc (the “Company”) has informed the market that it has 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 The Company has been notified by the deal manager that the seller has withdrawn from the Transaction.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
Dagfinn Andersen, CFO
+47 922 91 001
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.