FAIRSTAR HEAVY TRANSPORT completes registration of 8,266,728 new shares
(Thomson Reuters ONE) -
Reference is made to stock exchange notice of 9 November 2010 regarding the
placement of 8,266,728 new shares in Fairstar Heavy Transport NV (FAIR).
The share capital increase has now been registered with the Dutch Trade
Register. The total number of outstanding shares in the Company is thus
81,047,779 shares, each with a nominal value of EUR 0.46.
Philip Adkins, CEO, stated: "There has been some confusion in the market today
since this share sale was announced this morning. The agreement with the Indofin
Group was finalised on Friday 5, November 2010. The Joint Supervisory and
Management Boards of Fairstar approved the transaction in a meeting on Saturday
6, November 2010. The authority to issue the shares was granted under a
resolution passed by shareholders at the AGM of Fairstar on May 7, 2010. This
authority expired on Sunday 7, November 2010. The pricing of NOK 8.50 was set
using the market price on Friday 5, November and is consistent with the price of
shares offered to shareholders in Fairstar's previous share offering to finance
the FORTE in June of this year. No Officer or Director of Fairstar had any
knowledge of the interest shown by any third party to acquire shares in Fairstar
which led to the purchase of a large block of Fairstar shares by Oceanus
International Investments AS on Monday 8, November 2010 at NOK 11. Fairstar is
mindful of our responsibilities to treat all shareholders fairly. The agreement
last week to sell 8,266,728 shares to Roosland Beheer BV was based on a decision
of the Joint Boards of Fairstar to ensure that Fairstar has the long-term
balance sheet strength as well as the necessary liquidity to finish construction
of the FORTE and FINESSE without any further need of additional equity and to
have a significant cash cushion for the coming year."
The new shares will, subject to approval by the Financial Supervisory Authority
of Norway of a listing prospectus, be distributed and tradable.
For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Mark de Haas, CFO (mark.de.haas(at)fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10-403 5333
***
Profile Fairstar Heavy Transport
Fairstar Heavy Transport NV is the leading provider of marine heavy transport
solutions involving high-value cargoes for the offshore 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. Fairstar is based in
Rotterdam and quoted on the Oslo Stock Exchange (ticker: FAIR).
For more information: www.fairstar.com
[HUG#1460495]
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
Unternehmensinformation / Kurzprofil:
Datum: 09.11.2010 - 14:50 Uhr
Sprache: Deutsch
News-ID 48577
Anzahl Zeichen: 3493
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"FAIRSTAR HEAVY TRANSPORT completes registration of 8,266,728 new shares"
steht unter der journalistisch-redaktionellen Verantwortung von
Fairstar Heavy Transport NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
