Havila Shipping ASA Completes Strategic Debt Conversion
Havila Shipping ASA has recently made significant strides in its financial structuring by converting NOK 568 million of debt into equity. This change is expected to strengthen its balance sheet and provide greater operational flexibility.
Details of the Debt Conversion
The conversion process has officially been completed, and registration of the new shares has been successfully executed with the Norwegian Register of Business Enterprises. This important milestone marks a key moment in the company’s efforts to optimize its capital structure.
Increase in Share Capital
As a result of this conversion, the share capital has seen an increase of NOK 62,848,143.75. The previous capital of NOK 5,944,075 has now grown to NOK 68,792,218.75. This increase involved the issuance of 251,392,575 new shares, each having a nominal value of NOK 0.25.
Updated Share Structure
With the completion of this conversion, Havila Shipping's total registered share capital stands at NOK 68,792,218.75, now divided among 275,168,875 shares, each valued at NOK 0.25. This structure is pivotal for the company’s future growth and investment potential.
Distribution of New Shares
The newly issued shares will be delivered to investors today, marking a significant step forward for Havila Shipping ASA. The transaction reflects the company's proactive approach to managing its debt and ensuring investor confidence.
Company Contacts
For further inquiries, the Chief Executive Officer, Njål Sævik, is available at +47 909 35 722. Additionally, the Chief Financial Officer, Arne Johan Dale, can be reached at +47 909 87 706.
Regulatory Compliance
Havila Shipping ASA is committed to transparency and regulatory compliance. This information is disclosed in line with Section 5-12 of the Norwegian Securities Trading Act, ensuring that all stakeholders are informed of significant corporate actions.
Frequently Asked Questions
What is the purpose of the debt conversion by Havila Shipping ASA?
The debt conversion aims to strengthen the company's balance sheet and enhance its operational flexibility. It allows for a more robust capital structure moving forward.
How much was converted from debt to shares?
A total of NOK 568 million of debt has been converted into equity through this transaction.
What is the new total registered share capital of Havila Shipping ASA?
The new registered share capital stands at NOK 68,792,218.75.
How many new shares were issued in this transaction?
A total of 251,392,575 new shares were issued during this capital increase.
Who can I contact for more information about Havila Shipping ASA?
You can reach out to Njål Sævik, Chief Executive Officer at +47 909 35 722 or Arne Johan Dale, Chief Financial Officer at +47 909 87 706 for inquiries.