Result of Subsequent Offering
Reference is made to the stock exchange announcement published by ADS Maritime Holding Plc (the “Company”) on 3 October 2022 regarding the subsequent offering (the “Subsequent Offering”) of up to 34,190,476 existing ordinary shares in the Company held by B T Larsen & Co Ltd. (the “Offer Shares”) at a price of NOK 2.10 per Offer Share (the “Offer Price”).
ADS Maritime Holding Plc (“ADS Maritime Holding” or the “Company”) announces the release of its first half-year 2022 report.
ADS Maritime Holding Plc has engaged Arctic Securities AS as Sole Manager to advise on and effect a fully underwritten private placement of new ordinary shares in the Company, raising gross proceeds of approx. NOK 100 million. The subscription price per New Share in the Private Placement will be NOK 2.10 per Offer Share.
ADS Maritime Holding Plc (“ADSMH” or “the Company”) has agreed to acquire a 5 % shareholding in AET Sea Shuttle AS and AET Sea Shuttle II AS, the owners of 4 modern shuttle tankers operating in the North Sea, mainly on long term charters to Equinor.
ADS Maritime Holding Plc has subscribed for a 20% interest in a chartered-in scrubber-fitted MR.