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Belships shares final results of the subsequent offering

Published by , Assistant Editor
Dry Bulk,

Reference is made to the previous stock exchange announcements from Belships ASA (Belships) regarding the subsequent offering and listing of up to 1 603 128 new shares, each with a nominal value of NOK 2.00 (the Offer Shares) at a subscription price of NOK 7.00 per Offer Share (the Subscription Price) to be carried out by Belships (the Subsequent Offering).

The subscription period in the Subsequent Offering expired on 12 July 2019 at 16:30 hours (CEST). By the end of the subscription period, the company had received 558.541 valid subscriptions. A total of 558.541 Offer Shares will be allocated based on subscription rights and a total of 6.876 Offer Shares will be allocated based on over-subscription in accordance with the allocation criteria set out in the prospectus dated 27 June 2019.

Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Allocation letters will be sent out on or about 15 March 2019.

The share capital increase relating to the Subsequent Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 19 July 2019 and the shares will be delivered to the VPS accounts of the subscribers to whom they are allocated on or about the same day.

Danske Bank, Norwegian Branch, DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are acting as Managers for the Subsequent Offering. Advokatfirmaet Thommessen AS is acting as legal counsel to the company.

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