Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Tjänster |
| Industri | Shipping & Offshore |
Reference is made to the stock exchange notice by Gram Car Carriers ASA (the "Company") on 31 October 2022 regarding the contemplated acquisition of the pure car truck carrier "Paglia" (5,000 CEU) (the "Transaction").
The Company is pleased to announce that the Transaction has been successfully completed by the Company's 100% owned subsidiary, Gram Car Carriers Shipowning AS (the "Purchaser") and MS "Paglia" GmbH & Co. KG (the "Seller"), a 100% owned subsidiary of F. Laeisz GmbH ("F. Laeisz"). Of the total purchase price of USD 49 million, USD 39.2 million has been settled in cash (the "Cash Payment") and USD 9.8 million has been settled by the issuance of a seller's credit by the Purchaser. The seller's credit will be contributed to the Company against the issuance of 563,218 new shares in the Company to F. Laeisz, at a subscription price of USD 17.4 (equal to approximately NOK 172.4) per share (the "Consideration Shares").
The Cash Payment has been facilitated by a drawdown of an accordion facility under the Purchaser's existing senior secured credit facility, under which the available commitments have been increased from USD 262 million to USD 302 million for the purpose of the Transaction. The Consideration Shares will be issued by the Company's board of directors pursuant to the authorization granted by the annual general meeting on 12 May 2022. Further details will be disclosed in due course.
F. Laeisz has agreed to a 12-month customary lock-up undertaking with respect to the Consideration Shares.
For more information, please refer to the Company's stock exchange notice of 31 October 2022.
Contacts:
CEO, Georg A. Whist
Telephone: +47 41 60 16 81
E-mail: georg.whist@gramcar.com
Head of Projects and IR, Mas Gram
Telephone: +47 95 41 00 93
E-mail: mas.gram@gramcar.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange notice was published by Mas Gram, Head of Projects and IR at Gram Car Carriers ASA, on 29 November 2022 at 14.50 CET.