NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN, THE UNITED STATES, THE UNITED KINGDOM OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Reference is made to the stock exchange announcement by ADS Maritime Holding Plc (the “Company”) published on 18 October 2022 regarding the expiry of the application period (the “Application Period”) for the subsequent offering (the “Subsequent Offering”) of up to up to 34,190,476 existing ordinary shares in the Company (the “Offer Shares”) at a price of NOK 2.10 per Offer Share.
The Application Period for the Subsequent Offering expired on 18 October 2022 at 16:30 (CEST). By the end of the Application Period, the Company had received valid applications for a total of 202,209 Offer Shares. A total of 202,209 Offer Shares have been allocated by the Company’s board of directors in accordance with the allocation criteria set out in the Company’s prospectus dated, 3 October 2022.
Notification of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each applicant is set out in a separate notification letter to each applicant to whom Offer Shares have been allotted. The due date for payment of allocated Offer Shares is 24 October 2022.
Subject to timely payment, the Offer Shares will be delivered to the VPS accounts of the Applicants to whom they have been allocated on or about 26 October 2022.
Please refer to the attached template regarding the disclosure of B T Larsen & Co Ltd. pursuant to section 19 of the Market Abuse Regulation.
Arctic Securities AS act as the manager and the receiving agent in the Subsequent Offering.
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
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan Hong or any other jurisdiction in which such release, publication or distribution would be unlawfull. This release is an announcement issued pursuant to legal information obligations and is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction.