NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange announcement published by ADS Maritime Holding Plc (the "Company") on 22 July 2022 regarding completion of a private placement in the Company raising gross proceeds of approx. NOK 100 million (the "Private Placement"), as well as a potential subsequent offering of up to 34,190,476 secondary sale of ordinary shares by B T Larsen & Co Ltd (the "Underwriter") at a subscription price per share equal to the subscription price in the Private Placement (the "Subsequent Offering").
Date on which the terms and conditions of the subsequent offering were announced: 22 July 2022
Last day including right: 22 July 2022
Ex-date: 25 July 2022
Record date: 26 July 2022
Date of approval: 22 July 2022
Maximum number of secondary sale of ordinary shares: 34,190,476
Subscription price: NOK 2.10
Other information: Further description of the Subsequent Offering and the terms and other circumstances that must be taken into consideration when subscribing for shares will be included in a prospectus that will be prepared in connection with the Subsequent Offering. The Company reserves the right in its sole discretion to not conduct or to cancel the Subsequent Offering.
For further information, please contact:
Terje Bodin Larsen, CEO +47 905 35 543 tbl@ads.no
Dagfinn Andersen, CFO +47 922 91 001 dagfinn.andersen@ads.no
About ADS Maritime Holding Plc ADS Maritime Holding Plc is a public limited company listed on Euronext Growth Oslo (ticker ADS). The Company is incorporated and domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway. For more information, visit www.adsmh.com
This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Growth Oslo.