HAFNIA LIMITED: Exercise of Options by a Primary Insider
On June 3, 2024, Mikael Skov, CEO of Hafnia , exercised options under the Company's LTIP 2022 program.
The exercised options, totaling 731,687, will be settled with the transfer of treasury shares. Post-transfer, Hafnia will hold 661,946 treasury shares.
This transaction is regulated by the EU Market Abuse Regulation and the Norwegian Securities Trading Act.
Hafnia is a leading global tanker owner, operating over 200 vessels and employing over 4000 personnel.
- CEO Mikael Skov's exercise of 731,687 options indicates confidence in the company's future.
- Post-exercise, Hafnia will still retain a substantial 661,946 treasury shares.
- Hafnia is a globally recognized player in the tanker industry, operating over 200 vessels.
- The company employs over 4000 people, highlighting its significant operational scale.
- The exercise of options may lead to shareholder dilution.
- The aggregate volume of the exercised options (731,687) is substantial and could influence stock price volatility.
- There is a potential risk of market perception issues due to large insider transactions.
Following delivery of the shares for the exercised options, the Company will hold 661,946 treasury shares.
For more information see the attached mandatory notification of trade.
This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.
As owners and operators of over 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker desk. Hafnia has offices in
Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Mikael Skov |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of issuer |
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a) |
Name |
Hafnia Limited |
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b) |
LEI |
5493001KCFT0SCGJ2647 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
Options related to shares in Hafnia Limited (ISIN: BMG4233B1090) as underlying. |
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b) |
Nature of the transaction |
Exercise of options relating to shares in Hafnia Limited (ISIN: BMG4233B1090). |
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c) |
Price(s) and volume(s) |
Price |
Volume |
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731,687 |
d) |
Aggregated information |
Exercise of 731,687 options for a total of |
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— Aggregated volume |
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— Price |
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e) |
Date of the transaction |
03.06.2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240603195446/en/
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
Source: Hafnia Limited
FAQ
What did Mikael Skov, CEO of Hafnia , do on June 3, 2024?
How many treasury shares will Hafnia own after the options exercise?
What is the significance of the LTIP 2022 program for Hafnia?
What potential impact could the exercise of options have on Hafnia's stock?
What regulations govern this transaction?
