Offering of employee shares COMPANY ANNOUNCEMENT 28 May

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

May 28, 2014 at 9:45 AM

Offering of employee shares

COMPANY ANNOUNCEMENT 28 May 2014 No. 16/2014 Offering of employee shares As announced in the Prospectus published on 13 March 2014, OW Bunker A/S ("OW Bunker") expects to make a one-time offer to its employees to buy shares in the company at a favourable price. Now, the Board of Directors for OW Bunker has resolved to make a global offering of shares to OW Bunker's employees (the "Employee Share Offering"). Nordea Bank Danmark A/S will act as coordinator and manager in connection with the offering and the delivery of the shares to employees. OW Bunker has reserved up to 137,931 of its own shares for purchase by employees. The Employee Share Offering corresponds to a nominal capital of DKK 137,931, or 0.4% of the share capital. The offered shares are pre-existing issued shares and therefore carry the same rights as all other shares in OW Bunker. The offer is made to permanent employees in the OW Bunker group, including employees in subsidiaries in approximately 30 countries. To be eligible, employees must not be under notice as at 1 June 2014. Each individual employee is offered shares of up to DKK 50,000, corresponding to a maximum of 348 shares of nominally DKK 1. Any shares that are not sold in connection with the Employee Share Offering will not be re-distributed. The employee shares carrying a nominal value of DKK 1 per share are offered at a favourable price corresponding to a 20% discount on their market price, which is fixed as the average of each trading day's volume-weighted average quoted share price on NASDAQ OMX Copenhagen in the period 13 May 2014 to 27 May 2014 (both days inclusive). The offering of employee shares will occur from 28 May 2014 to 18 June 2014. Employee shares will be subject to a one-year lock-up period from 23 June 2014 to 22 June 2015 (both days inclusive). The trading day of the Shares will be 23 June 2014 and the delivery day will be 26 June 2014. Eligible employees will receive a letter of invitation with particulars as well as an acceptance form and a settlement form to be returned to Nordea Bank Danmark A/S and the employees own bank no later than on 18 June 2014. If all shares are purchased, the proceeds for OW Bunker are expected to be approximately DKK 20 million based on yesterday's closing rate. OW Bunker will provide shares for the full offering from the holding of its own shares. OW Bunker will pay all costs involved in the Employee Share Offering, and the favourable price offered to employees in connection with the offering is not expected to give rise to operating expenses in the financial year 2014. The tax consequences of employee share purchases in the Employee Share Offering and any subsequent sales of the shares will be of no concern to OW Bunker. For further information, please contact: Per Bech Thomsen, IR & Group Communications, tel.: +45 3137 3133 About OW Bunker A/S OW Bunker is a leading global independent marine fuel (bunker) company founded in Denmark in 1980 with operations in 29 countries, including the world's busiest and most important ports. OW Bunker acts as a physical distributor as well as reseller of marine fuel, and operates a global fleet of approx. 30 bunker vessels. OW Bunker also provides advanced risk management solutions aimed at controlling costs, minimising risk and protecting against market fluctuations. Headquartered in Nørresundby, Denmark, OW Bunker is listed on the NASDAQ OMX Copenhagen and has over 600 employees globally. [HUG#1789201]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Latch Reports Q3 2026: Software Shines Amid Losses

Latch's Performance: A Crunch Between Software and Setbacks The stock ticker might say "LTCH," but lately, Latch Inc. is feeling more like "OUCH" for investors. While they're trumpeting a solid 18% boost in software revenue, the numbers tell a mixed story. Yeah, their software side is singing, but hardware and services took a nosedive, dragging total revenue down 18.9%...

Identity Safety Boost: Veteran Launches AIIS

Reckoning with Identity Theft on a New Scale Eric Haller spent decades in the thick of fraud prevention, working at both Experian and TransUnion. But it wasn't until his own identity was swiped clean that the gravity of the issue hit home. Spurred by this personal crisis, he's now spearheading the American Institute for Identity Safety (AIIS), putting a strongfoot forward...

Essity's SEK 850m Bet: Expanding Lilla Edet Facility

Essity Doubling Down on Hygiene Hygiene is something you can't compromise on, and Essity gets that. They're shelling out a cool SEK 850 million into their production facility at Lilla Edet in Sweden—no small change, even in the grand scheme of corporate investment. Why the Massive Investment? It's not just about throwing money around; this move is strategic. Essity’s...

Mark Isham: Recognizing the Voice Behind Award Nomination

What's in a Name? Mark Isham Earns His Spotlight Hollywood’s buzz these days has less to do with the usual blockbuster glitter and more with a singular name cresting the scene: Mark Isham. You may not see his name in lights, and yet it’s blaring behind every soundtrack that brings a film to life. This time around, he's in the spotlight not for composing an...

AI Proving Grounds: Preemptive Security's Rise

Pushing Security to the Forefront The AI Proving Grounds Consortium (AIPGC) ain't just talking shop—they're tossing down the gauntlet. As cyber threats accelerate faster than my ticker can twitch, these experts are hollering for preemptive security measures. On September 24, the big wigs gathered to hash out why AI-fueled attacks demand we hit the gas on our defense...

How to Choose Between On-Site or Shop Hydraulic Repair

Hydraulic Headaches: Where's Your Fix? If there's one thing I know, it's that when hydraulic systems go belly up, you're juggling a costly mess. Not just in outright repairs, but in lost productivity. Mike Bonner, a hydraulic guru from Islip, NY, lays it out straight: when is it time to patch the problem on-site, and when do you haul it to the shop? Let's break down the...

FutureBit's Apollo III: Bitcoin Mining Meets Retail

Kicking Off Bitcoin Mining Boot Camp with FutureBit Buckle up folks, because we're taking a trip down the digital gold mine route. FutureBit, a company that's been crafting home-friendly Bitcoin mining rigs from their Brooklyn kitchen table since 2015, is finally stepping into the real-world retail arena. They're cozying up to Micro Center outlets in Brooklyn, Miami,...

Tyson & Mendes Expands into Carolinas with Strategy

Tyson & Mendes: A Strategic Move into the Carolinas The legal arena's always a battleground, and Tyson & Mendes just pulled off a strategic maneuver by expanding into North and South Carolina. This ain't just another firm opening more doors; it's a calculated move to fortify their defense against those monstrous Nuclear Verdicts®. You know the ones—those court...

PVOLVE Expands in Connecticut with Two New Studios

PVOLVE's adventure in Connecticut is heating up with a couple of fresh franchise locations. These aren't just any run-of-the-mill expansions either. They're being spearheaded by the franchise veterans and Darien studio owner Christi Partouche along with a couple of eager original members, Elizabeth and John Halvey. PVOLVE's Organic Growth in Action The Greenwich and...

Bit Digital Shifts Focus: Q3 2026 Sees Strategic Moves

Bit Digital's Strategic Shakeup Ah, the digital gold rush is heating up again. Bit Digital, the outfit focused on Ethereum strategies and AI, dropped their financial results for Q3 2026. Picture a company at a strategic crossroads, shedding bitcoin mining baggage to grab hold of fresh opportunities in Ethereum staking and AI infrastructure. Bit Digital's earnings paint a...

Top 5 Most Recently Viewed Articles

Eagle Bancorp Investors Urged to Seek Justice for Losses

Overview of Recent Developments Law Offices of Howard G. Smith is actively investigating potential violations of federal securities laws on behalf of investors in Eagle Bancorp, Inc. (EGBN), commonly referred to as Eagle. This includes examining the company's recent financial challenges that have negatively impacted its investors. Investor Impact Due to Financial Declines...

Union Home Mortgage Celebrates Major Culture Awards in 2025

Union Home Mortgage Triumphs in 2025 Workplaces Awards Union Home Mortgage has achieved remarkable recognition with five distinct Top Workplaces Culture Excellence Awards for 2025. This prestigious accolade highlights their commitment to fostering an exceptional work environment that values employee experience and feedback. Recognition Based on Employee Feedback The...

Brightspeed Contributes $25,000 for Hurricane Helene Relief

Brightspeed’s Generous Donation for Hurricane Relief Efforts Brightspeed, a leading fiber internet provider in the United States, has stepped forward in a time of need. The company has announced a generous contribution of $25,000 earmarked for Hurricane Helene relief efforts. Communities across several states, including Georgia, Tennessee, Virginia, and the Carolinas,...

Canada Stock Market Sees Gains with New Highs for S&P/TSX

Canada Stock Market Surges with Positive Trends The Canadian stock market showed notable gains as trading concluded, reflecting a robust performance across several sectors, particularly in IT, energy, and financials. The rise in these key sectors significantly contributed to the overall increase in the S&P/TSX Composite index. S&P/TSX Composite Hits New Heights As trading...

Unlocking IP Knowledge: Essential Insights for Your Business

Understanding the Importance of Intellectual Property Intellectual property (IP) protection plays a vital role in today’s business landscape. Many entrepreneurs and business leaders overlook this essential aspect, yet it greatly influences the overall success and sustainability of their enterprises. To address this gap in knowledge, attorney Mikhail "Mike" Murshak has...