HAFNIA LIMITED: Issuance of New Shares and Mandatory Notification of Trade by Close Associate

Rhea-AI Summary

On June 27, 2024, Hafnia issued 2,311,785 new shares to BW Group to settle shares borrowed under a previous share lending agreement. This issuance brings the total outstanding shares to 512,563,532, each with a nominal value of USD 0.01. The transaction was conducted outside a trading venue. Hafnia, a major player in oil, oil product, and chemical transportation, operates over 200 vessels and employs more than 4000 employees globally. Hafnia is part of BW Group, a longstanding international shipping organization.

Positive

• Issuance of 2,311,785 new shares to settle borrowed shares with BW Group.
• Total outstanding shares increased to 512,563,532.

Negative

• None.

SINGAPORE--(BUSINESS WIRE)-- Reference is made to Hafnia Limited's ("Hafnia", the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) stock exchange announcement on 28 May 2024 regarding the share lending agreement entered into between the Company and BW Group Limited ("BW Group"). In order to settle the borrowed shares under the share lending agreement Hafnia has today issued 2,311,785 new shares to BW Group. For more information see the attached mandatory notification of trade.

Following the issuance of the new shares, there are 512,563,532 issued shares in the Company, each with a nominal value of USD 0.01, all of which have been validly and legally issued and fully paid.

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 Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

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.

NOTIFICATION BY PRIMARY INSIDERS/ CLOSE ASSOCIATE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	BW Group Limited
2	Reason for the notification
a)	Position/status	Closely associated person of primary insider Andreas Sohmen-Pao (chairman of the board of directors)
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Hafnia Limited
b)	LEI	5493001KCFT0SCGJ2647
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
a)	Description of the financial instrument, type of instrument Identification code	Shares in Hafnia Limited with ISIN BMG4233B1090
b)	Nature of the transaction	Redelivery/receipt of lent out shares by way of subscription and receipt of new shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 0.01	2,311,785
d)	Aggregated information
	— Aggregated volume	Aggregated volume: 2,311,785
	— Price	Total price: USD 23,117.85
e)	Date of the transaction	27 June 2024
f)	Place of the transaction	XOFF – Outside a trading venue

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626910185/en/

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

What is the recent share issuance by Hafnia (HAFN) about?

Hafnia issued 2,311,785 new shares to BW Group to settle shares borrowed under a share lending agreement.

How many shares are outstanding for Hafnia (HAFN) after the recent issuance?

Following the issuance, Hafnia has a total of 512,563,532 outstanding shares.

What is the nominal value of Hafnia (HAFN) shares?

Each Hafnia share has a nominal value of USD 0.01.

When did Hafnia (HAFN) issue the new shares to BW Group?

Hafnia issued the new shares on June 27, 2024.

What was the nature of the recent transaction involving Hafnia (HAFN) shares?

The transaction involved the redelivery and subscription of lent out shares by BW Group.