Capital reduction and share consolidation in Dockwise - effective
date
(Thomson Reuters ONE) - Breda, the Netherlands, 30 November 2009. Reference is made to thedecision made by the special general meeting of shareholders ofDockwise Ltd. on 4 November 2009 to reduce the par value of thecompany's common shares to USD 0.25 by way of a capital reduction andto authorize the Board to give effect to a consolidation (or reversestock split) of common shares on a 20:1 basis.Both the capital reduction and the share consolidation will becomeeffective on 2 December 2009. Consequently, trading in the company'scommon shares from and including 2 December 2009 is made on the basisof the 20:1 share consolidation. Following the capital reduction andthe share consolidation, the new par value of each common share willbe USD 5. The new lot size is expected to be 50 common shares.If, as a result of this 20:1 share consolidation, a shareholder wouldotherwise be entitled to a fraction of a common share in respect ofthe total number of common shares held by such shareholder prior tothe consolidation, no such fractional common shares will be awardedand the aggregate number of common shares that such shareholder isentitled to will be rounded down to the next closest whole number ofcommon shares, with compensation in cash. Except for any changeresulting from the rounding described above, the change in the numberof common shares outstanding that would result from the shareconsolidation will not change the stated capital attributable to thecommon shares.Further information:Fons van Lith +31 76 5484116/+31 651 314 952Fons.van.lith(at)dockwise.comAbout Dockwise Ltd / Dockwise GroupDockwise Ltd., a Bermuda incorporated, has a workforce of more than1200 people both offshore and onshore. The company is the leadingmarine contractor providing total transport services to the offshore,onshore and yachting industries as well as installation services ofextremely heavy offshore platforms. The Group is headquartered inBreda, The Netherlands. The Group's main commercial offices arelocated in The Netherlands, the United States, China, Korea,Australia, Brasil, Moscow, Singapore and Nigeria. The Dockwise YachtTransport business unit is headquartered in Fort Lauderdale and hasan office in Italy. The Dockwise Shipping network is supported byagents in Japan, Singapore, Spain, Norway, Argentina and Italy.To support all of its services to customers, the group also has threeadditional engineering centers in Houston, Breda and Shenzhen,manufactures specific motion reduction equipment such as LMU (LegMating Units) and DMU (Deck Mating Units) and owns a fleet of 20purpose built semi-submersible vessels.Dockwise shares are listed on the Oslo Stock Exchange under tickerDOCK.For further information: www.dockwise.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.11.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 8987
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