The attached information Document has been prepared by Standard Supply AS (the "Company"), solely for use in connection with the admission to trading of the Company's shares on Euronext Growth Oslo. The first day of trading in the Company's shares on Euronext Growth Oslo will be today, July 22 2022. Clarksons Securities AS has acted as Euronext Growth Advisor. Advokatfirmaet CLP DA is acting as legal advisor to the Company.
Since the private placement in mid-June, the PSV (Platform Supply Vessel) spot market on the UK side has continued to see average spot rates around GBP 20,000 per day.
For our large-sized fleet, Standard Viking is on a 1-year charter with Shell at c. GBP 11,000 per day while Standard Supplier is trading in the spot market before commencing a 7–10 weeks charter in mid-August at around EUR 30,000/d. Our third large-sized PSV, Standard Defender, will be delivered charter-free in October.
For our mid-sized fleet, we have one vessel (FS Abergeldie) on a long-term charter at GBP 8,100 per day until April 2023 at the earliest, two vessels (FS Balmoral and FS Braemar) on charter with Saipem at c. EUR 20,000 until October 2022 and another two vessels (FS Kristiandsand and FS Crathes) with near-term maturities at an average rate of GBP 12,500/d. The reactivation work on Standard Duke will commence on July 25th.
For further information, please contact:
Martin Nes
Chairman of the Board of Directors
+47 92 01 48 14
About Standard Supply:
Standard Supply owns a fleet of nine (9) Platform Supply Vessels (PSVs); three large-sized, one medium-sized and five (5) medium-sized PSVs with 51% ownership interest. Standard Supply will actively seek further growth opportunities, and is well positioned to capture improvements in the market with the majority of the fleet trading in the spot market. The company has a clear ambition to return excess cash to its shareholders.