HAFNIA LIMITED: Mandatory Notification of Trade by Primary Insider

Rhea-AI Summary

Mikael Skov, CEO of Hafnia, sold 1,000,000 shares of the company at NOK 87.7775 per share on July 3, 2024, at Oslo Børs. The total transaction value is NOK 87,777,500. This sale is disclosed under the EU Market Abuse Regulation and the Norwegian Securities Trading Act. Hafnia, a leading tanker owner with over 200 vessels, provides integrated shipping services, including technical management, commercial and chartering services, and pool management. The company operates globally with offices in Singapore, Copenhagen, Houston, and Dubai, and employs over 4,000 people. Hafnia is part of the BW Group, a major player in oil and gas transportation and related industries for over 80 years.

Positive

• None.

Negative

• CEO Mikael Skov sold 1,000,000 shares, potentially indicating a lack of confidence in the company's future performance.
• The sale amounted to NOK 87,777,500, which could be perceived negatively by investors.

SINGAPORE--(BUSINESS WIRE)-- Mikael Skov, Chief Executive Officer of Hafnia Limited ("Hafnia", the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), has on 3 July 2024 sold 1,000,000 shares in Hafnia at a price of NOK 87.7775 per share on Oslo Børs. 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 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 of transactions by Primary Insiders and Close Associates

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mikael Skov
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 (ISIN: BMG4233B1090)
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price	Volume
		NOK 87.7775	1,000,000
d)	Aggregated information	- Aggregated volume: 1,000,000
	— Aggregated volume	- Price: NOK 87.7775
	— Price	- Total amount: NOK 87,777,500.00
e)	Date of the transaction	03.07.2024
f)	Place of the transaction	Oslo Stock Exchange

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240703276007/en/

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

What shares did Mikael Skov sell on July 3, 2024?

Mikael Skov sold 1,000,000 shares of Hafnia at NOK 87.7775 per share.

How much did Mikael Skov's share sale amount to?

Mikael Skov's share sale amounted to NOK 87,777,500.

Where did Mikael Skov sell his shares?

Mikael Skov sold his shares on Oslo Børs.

What is Hafnia's stock symbol?

Hafnia's stock symbol on the Oslo Stock Exchange is HAFNI, and on the NYSE, it is HAFN.

What regulation governs the disclosure of Mikael Skov's trade?

The disclosure is governed by the EU Market Abuse Regulation and the Norwegian Securities Trading Act.