HAFNIA LIMITED: Mandatory Notification of Trade by Primary Insider

Rhea-AI Summary

Hafnia (NYSE: HAFN) announced that CFO Perry Van Echtelt sold 300,000 shares at an average price of NOK 56.8482 per share on Oslo Børs on December 17, 2024. The sale was primarily conducted to cover tax liabilities.

Hafnia is a leading tanker company operating approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and bunker procurement. The company employs over 4,000 people across offices in Singapore, Copenhagen, Houston, and Dubai, and is part of the BW Group.

Positive

• None.

Negative

• CFO sells 300,000 shares (insider selling)

Insights

Financial Analyst

The sale of 300,000 shares by CFO Perry Van Echtelt at NOK 56.8482 per share represents a significant insider transaction, primarily for tax liability purposes. Given Hafnia's strong market position in the tanker industry with approximately 200 vessels and its integrated shipping platform, this transaction appears to be a routine personal financial management decision rather than a signal about company performance. The timing and transparency of the disclosure, along with the stated purpose for tax obligations, suggests this is not a concerning development for investors. The transaction value represents a relatively small portion of the company's total market capitalization and shouldn't significantly impact market sentiment or stock price momentum.

SINGAPORE--(BUSINESS WIRE)-- Perry Van Echtelt, Chief Financial Officer of Hafnia Limited ("Hafnia", the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), has on 17 December 2024 sold 300,000 shares in Hafnia at an average price of NOK 56.8482 per share on Oslo Børs. The purpose of the sale is primarily to cover incurred tax liabilities.

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 around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241217819665/en/

For further information, please contact:

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

How many shares did Hafnia CFO Perry Van Echtelt sell on December 17, 2024?

Perry Van Echtelt sold 300,000 shares at an average price of NOK 56.8482 per share on Oslo Børs.

What was the reason for Hafnia CFO's share sale in December 2024?

The purpose of the share sale was primarily to cover incurred tax liabilities.

How many vessels does Hafnia (HAFN) currently operate?

Hafnia operates around 200 vessels, providing transportation services for oil, oil products, and chemicals.

What is the current workforce size of Hafnia (HAFN)?

Hafnia employs over 4,000 employees both onshore and at sea, with offices in Singapore, Copenhagen, Houston, and Dubai.