HAFNIA LIMITED: Share Buyback Program Finalized
Hafnia (NYSE: HAFN) has completed its share buyback program announced on December 2, 2024. The program, executed by Pareto Securities AS and its subsidiary Pareto Securities Inc., resulted in the repurchase of 14,382,255 shares at a total cost of USD 76.69 million, with a weighted average price of USD 5.33 per share.
Hafnia operates as one of the world's leading tanker owners, specializing in transporting oil, oil products, and chemicals. The company manages approximately 200 vessels and provides integrated shipping services, including technical management, commercial and chartering services, pool management, and bunker procurement. With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4,000 people both onshore and at sea. The company is part of the BW Group, which has an 80-year history in shipping and energy infrastructure.
Hafnia (NYSE: HAFN) ha concluso il suo programma di riacquisto di azioni annunciato il 2 dicembre 2024. Il programma, eseguito da Pareto Securities AS e dalla sua controllata Pareto Securities Inc., ha portato al riacquisto di 14.382.255 azioni a un costo totale di 76,69 milioni di USD, con un prezzo medio ponderato di 5,33 USD per azione.
Hafnia opera come uno dei principali armatori di petroliere al mondo, specializzandosi nel trasporto di petrolio, prodotti petroliferi e sostanze chimiche. L'azienda gestisce circa 200 navi e fornisce servizi di spedizione integrati, tra cui gestione tecnica, servizi commerciali e di chartering, gestione pool e approvvigionamento di bunker. Con uffici a Singapore, Copenaghen, Houston e Dubai, Hafnia impiega oltre 4.000 persone sia a terra che in mare. L'azienda fa parte del BW Group, che vanta una storia di 80 anni nel settore marittimo e delle infrastrutture energetiche.
Hafnia (NYSE: HAFN) ha completado su programa de recompra de acciones anunciado el 2 de diciembre de 2024. El programa, ejecutado por Pareto Securities AS y su filial Pareto Securities Inc., resultó en la recompra de 14,382,255 acciones a un costo total de 76.69 millones de USD, con un precio promedio ponderado de 5.33 USD por acción.
Hafnia opera como uno de los principales propietarios de buques cisterna del mundo, especializándose en el transporte de petróleo, productos petroleros y productos químicos. La empresa gestiona aproximadamente 200 buques y proporciona servicios de envío integrados, que incluyen gestión técnica, servicios comerciales y de fletamento, gestión de pool y aprovisionamiento de combustible. Con oficinas en Singapur, Copenhague, Houston y Dubái, Hafnia emplea a más de 4,000 personas tanto en tierra como en el mar. La empresa es parte del BW Group, que tiene una historia de 80 años en el transporte marítimo y la infraestructura energética.
하프니아 (NYSE: HAFN)는 2024년 12월 2일 발표한 주식 매입 프로그램을 완료했습니다. 파레토 증권 AS와 그 자회사인 파레토 증권 Inc.에서 실행한 이 프로그램의 결과, 14,382,255 주식이 7,669 만 달러의 총 비용으로 매입되었으며, 주당 평균 가중 가격은 5.33 달러였습니다.
하프니아는 세계 최고의 유조선 소유자 중 하나로, 석유, 석유 제품 및 화학 물질의 운송을 전문으로 하고 있습니다. 이 회사는 약 200척의 선박을 관리하며 기술 관리, 상업 및 채팅 서비스, 풀 관리, 벙커 조달 등 통합 운송 서비스를 제공합니다. 싱가포르, 코펜하겐, 휴스턴, 두바이에 사무소를 두고 있는 하프니아는 육상과 해상에서 4,000명 이상의 직원을 고용하고 있습니다. 이 회사는 해운 및 에너지 인프라에서 80년의 역사를 가진 BW 그룹의 일원입니다.
Hafnia (NYSE: HAFN) a achevé son programme de rachat d'actions annoncé le 2 décembre 2024. Le programme, exécuté par Pareto Securities AS et sa filiale Pareto Securities Inc., a abouti au rachat de 14.382.255 actions pour un coût total de 76,69 millions USD, avec un prix moyen pondéré de 5,33 USD par action.
Hafnia est l'un des principaux propriétaires de pétroliers au monde, spécialisé dans le transport de pétrole, de produits pétroliers et de produits chimiques. L'entreprise gère environ 200 navires et fournit des services de transport intégrés, y compris la gestion technique, des services commerciaux et de charter, la gestion de pool et l'approvisionnement en combustible. Avec des bureaux à Singapour, Copenhague, Houston et Dubaï, Hafnia emploie plus de 4 000 personnes tant à terre qu'en mer. L'entreprise fait partie du BW Group, qui dispose de 80 ans d'expérience dans le transport maritime et les infrastructures énergétiques.
Hafnia (NYSE: HAFN) hat sein am 2. Dezember 2024 angekündigtes Aktienrückkaufprogramm abgeschlossen. Das Programm, das von Pareto Securities AS und deren Tochtergesellschaft Pareto Securities Inc. durchgeführt wurde, führte zum Rückkauf von 14.382.255 Aktien zu Gesamtkosten von 76,69 Millionen USD, mit einem gewogenen Durchschnittspreis von 5,33 USD pro Aktie.
Hafnia agiert als einer der weltweit führenden Tankerbesitzer und spezialisiert sich auf den Transport von Öl, Ölprodukten und Chemikalien. Das Unternehmen verwaltet etwa 200 Schiffe und bietet integrierte Schifffahrtsdienstleistungen an, zu denen technische Verwaltung, Handels- und Charterdienstleistungen, Poolmanagement und Bunkerbeschaffung gehören. Mit Büros in Singapur, Kopenhagen, Houston und Dubai beschäftigt Hafnia über 4.000 Mitarbeiter sowohl an Land als auch zur See. Das Unternehmen ist Teil der BW Group, die eine 80-jährige Geschichte in der Schifffahrt und der Energieinfrastruktur hat.
- Completed USD 76.69 million share buyback program
- Strong market position with ~200 vessels fleet
- Diversified global presence with offices in key maritime hubs
- Large workforce of 4,000+ employees indicating operational scale
- None.
Insights
The completion of Hafnia's
The execution through Pareto Securities on a non-discretionary basis suggests a well-structured approach to minimize market impact while maximizing shareholder value. The average purchase price shows a modest premium to current trading levels, indicating management's conviction in the company's intrinsic value.
This buyback is particularly noteworthy in the context of the shipping industry's cyclical nature. With Hafnia operating approximately 200 vessels in the tanker segment, this capital return signals strong cash flow generation and balance sheet strength. The timing aligns with the robust tanker market conditions, where strong freight rates have generated substantial free cash flow for well-positioned operators.
The reduction in float should provide technical support for the stock while improving per-share metrics. However, investors should monitor the impact on daily trading liquidity, particularly given Hafnia's recent NYSE listing. The program's completion also raises questions about future capital allocation priorities, including potential fleet expansion, debt reduction, or additional shareholder returns.
The program was carried out by Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto") based on a non-discretionary mandate.
The total program comprised 14,382,255 shares repurchased in the market for a total consideration of
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
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
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/20250126729005/en/
For further information:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
Source: Hafnia Limited
FAQ
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