Fairstar Heavy Transport N.V. appoints Joint Bookrunners for equity private placement
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has retained ABG Sundal Collier Norge ASA,
Carnegie ASA and SEB Enskilda (collectively referred to as the "Joint
Bookrunners") to advise on and execute a private placement of new shares
directed towards Norwegian and international institutional investors outside
such jurisdictions as permitted or catered for by exemption rules under
applicable securities laws, after the close of Oslo Stock Exchange today (the
"Private Placement").
In the Private Placement, the Company is offering up to approximately 8.1
million new shares, representing up to approximately 10% of the issued share
capital in the Company. The price in the Private Placement will be determined
through an accelerated bookbuilding process. The minimum order has been set to
the number of shares that equals an aggregate purchase price of at least NOK
500,000.
The funds from the equity issue will be used to maintain a solid foundation of
balance sheet strength, while providing sufficient liquidity to Fairstar as it
prepares its fleet to commence a series of voyages starting in May 2012.
Fairstar has three contracts in place with Chevron Australia Pty Ltd and Kellogg
Joint Venture-Gorgon for its vessels FORTE, FJORD and FJELL.
The book-building period will commence today (26 January 2012) at 17:30 CET and
close on 27 January 2012 at 08.00 CET. The Company and the Joint Bookrunners
may, however, at any time resolve to close or extend the bookbuilding period at
its own discretion.
The private placement has been approved by the Management and Supervisory Boards
of Fairstar. The new shares to be issued in connection with the Private
Placement will be issued pursuant to the authorisation provided to the Board at
the annual general meeting on 20 April 2011.
The Company will announce the number of shares placed and the final subscription
price in the Private Placement through a stock exchange notice expected to be
sent before opening of Oslo Stock Exchange on 27 January 2012.
For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10-403 5333
Profile Fairstar Heavy Transport:
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport
solutions, specializing in high-value cargoes for the offshore and onshore
energy and construction industries. Fairstar owns and operates two of the most
modern semi-submersible heavy transport ships in the global fleet, FJORD and
FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are
currently under construction with Guangzhou Shipbuilding International in China
and will be owned and operated by Fairstar when they are delivered in 2012.
Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker:
FAIR).
Press release (PDF):
http://hugin.info/143837/R/1580533/493508.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1580533]
Unternehmensinformation / Kurzprofil:
Datum: 26.01.2012 - 18:18 Uhr
Sprache: Deutsch
News-ID 108313
Anzahl Zeichen: 3875
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
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