NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR
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Oslo, 20 February 2017: Reference is made to previous
announcements published by Songa Bulk AS ("Songa bulk" or the
"Company") regarding the private placement and issuance of
20,000,000 new shares each with a nominal value of NOK 5 at a
price of NOK 42 per new share (the "Private Placement").
The share capital increase pertaining to the new shares to be
issued in the Private Placement has now been registered with
the Norwegian Register of Business Enterprises. The New Shares
will be issued in VPS under the Company's existing ISIN number
NO0010778095 and will be delivered to the investors that have
been allotted shares today. The New Shares will be listed on
Merkur Market under the Company's ticker SBULK-ME from and
including 20 February 2017.
Following completion of the Private Placement and the
registration of the share capital increase, the Company's
total share capital is now NOK 179,300,000, divided into
35,860,000 shares, each with a nominal value of NOK 5.
Clarksons Platou Securities AS and Fearnley Securities AS have
acted as Joint Lead Managers and Bookrunners in the Private
Placement.
For further information, please contact:
Herman Billung, CEO
Tel: + 47 23 01 14 34
hb@blystad.no