HAFNIA LIMITED: Mandatory Notification of Trade by Close Associate of Primary Insider
Hafnia (HAFN) announced on 28 May 2024, a share lending agreement with BW Group BW Group, the largest shareholder and closely associated with Hafnia's Chairman Andreas Sohmen-Pao, lent 2,311,785 shares to Hafnia on 27 May 2024. These shares will be redelivered by Hafnia issuing new shares at USD 0.01 per share. Hafnia, a leading tanker owner, operates over 200 vessels and employs over 4000 people globally. This disclosure follows EU Market Abuse Regulation requirements. The attached notification provides further transaction details.
- Hafnia has secured 2,311,785 shares through a loan agreement with its largest shareholder, BW Group.
- New shares will be issued at a low subscription price of USD 0.01 per share.
- Hafnia operates a significant fleet of over 200 vessels, highlighting its strong market presence.
- The company has a substantial workforce of over 4000 employees, indicating large-scale operations.
- The share lending agreement could lead to shareholder dilution as new shares are issued.
- No monetary gain from the share lending transaction as the price is set to USD 0.01 per share.
- Disclosure requirements indicate potential regulatory scrutiny under the EU Market Abuse Regulation.
Please refer to the attached notification of trading for further details.
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.
This information is subject to disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by Primary Insiders and their Close Associates
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
BW Group Limited, an exempted company limited by shares incorporated under the laws of |
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2 |
Reason for the notification |
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a) |
Position/status |
BW Group Limited is closely associated with a Primary Insider. The Primary Insider is the Chairman of the Board of Directors of Hafnia Limited, Andreas Sohmen-Pao. |
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b) |
Initial notification / Amendment |
Initial notification |
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3 |
Details of the 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 the 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 |
The nature of the instrument: Shares
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Identification code |
ISIN: BMG4233B1090 | ||
b) |
Nature of the transaction |
Lending of shares to be redelivered by way of subscription and receipt of new shares |
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c) |
Price(s) and volume(s) |
Price(s): |
Volume(s): |
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0 |
2,311,785 |
d) |
Aggregated information |
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- Aggregated volume |
Aggregated volume: 2,311,785 |
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- Price |
Price: 0 |
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e) |
Date of the transaction |
27 May 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/20240527210957/en/
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
Source: Hafnia Limited
FAQ
What is the recent announcement by Hafnia on May 28, 2024?
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At what price will Hafnia issue new shares to BW Group?
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