Minutes from the Annual General Meeting of ADS Crude Carriers Plc

The Annual General Meeting (AGM) of ADS Crude Carriers Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The AGM resolved to approve all matters proposed in the AGM Notice dated 5 May 2020. The minutes of the AGM are attached....

Notice of 2020 Annual General Meeting

Notice is hereby given that the Annual General Meeting of ADS Crude Carriers Plc will be held at 16.00 (local time) on Wednesday 27th May 2020 at the Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM, including Shareholder Proxy, is attached.

ADS Crude Carriers Plc Annual Report 2019

The Board of Directors of ADS Crude Carriers Plc (“ADS” or the “Company”) has approved the 2019 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 2019 interim report published on 27 February 2020.

ADS Crude Carriers commercial update

ADS Crude Carriers Plc (“ADS” or the “Company”) is pleased to announce that it has entered into a time charter agreement for ADS Page at a day rate of USD 69,000 with a duration expected to be around six-months (the “TC”). The TC will commence following completion of...

Mandatory notification of trade 9 March 2020

ADS Shipping Ltd, a company controlled by Mr. Bjørn Tore Larsen, Chairman and member of the Board of Directors of ADS Crude Carriers Plc (the “Company”), has on 6 March 2020 acquired 50,000 shares in the Company at an average purchase price of NOK 18.68 per share. Following the acquisition, ADS Shipping Ltd and affiliated companies own 2,474,934 shares in the Company.

Key information relating to the cash dividend declared in relation to Q4 2019

Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q4 2019 earnings, previously announced on 27 February 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.09 per share (NOK 0.79 per share) as from tomorrow.

ADS Crude Carriers’ final vessel successfully installed with emissions reducing system

ADS Crude Carriers Plc (“ADS” or the “Company”) announces that its vessel ADS Stratus has secured her first charter following the successful completion of her recent yard stay to perform intermediate survey and installation of scrubber system. Following the commencement of ADS Stratus on this voyage, the Company is now fully booked for the fourth quarter.