Oslo, 3 July 2018
Reference is made to the stock exchange notice made by Songa Bulk ASA ("Songa" or the "Company") on 25 June 2018.
Closing of the transaction with Star Bulk Carriers Corp. ("Star") is anticipated to be on Friday 6 July 2018. Songa will at closing receive the Star consideration shares to be distributed to the Songa shareholders (and the cash consideration that will be used to settle the bond loan) against delivery of the Songa vessels. Following settlement procedures and conditioned on a sufficient number of received Representation and Warranties Letters, the shares in Star will be tradable on the Oslo Stock Exchange.
In order to participate in the first dividend distribution of consideration shares in Star, Clarksons Platou Securities AS (on behalf of Star and Songa) must receive the Representation and Warranties Letter (attached) from the Songa Shareholders within Friday 13 July 2018 at 12.00 p.m. (noon CET).
Songa Shareholders holding their Songa Shares in a Share Savings Account (Nw. aksjesparekonto) are advised that the consideration shares distributed as dividend will be paid directly to the relevant shareholder's Share Savings Account.
This notice does not constitute an offer to sell or the solicitation of any offer to buy any securities of Star Bulk Carriers Corp. or any other entity. Any offering of securities would be made pursuant to separate documentation and any such securities would not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Shares of Star Bulk Carriers Corp. to be distributed in connection with the previously announced transaction with Songa Bulk ASA will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under that.
For further information, please contact:
Herman Billung
hb@blystad.no
Thomas Rønningen
tr@blystad.no