23 August 2018






1 min

Reference is made to the Stock Exchange release on 09.08.18 regarding sale of vessel.  The vessel is delivered to new owner.

The company has received exercise notices for 820,180 subscription rights related to remaining debt after sale of the vessel.

At the same time the company received exercise notice from Havila Holding AS for subscription of 852,320 shares by conversion of part of convertible loan (Anti Dilution Protection Loan).

The calculated equity effect of the debt conversion was booked in the group accounts at the time of implementing the restructuring 28.02.2017 and the sale will cause minor equity adjustments.

The sale will have immaterial effect on company result and no immediate liquidity effect. The Board of Directors has resolved capital increase as follows:

The share capital of Havila Shipping ASA increases with NOK 1,672,500 from NOK 22,103,800 by issuing of 1,672,500 new shares each with a par value of NOK 1,00 settled through conversion of debt. Total number of shares will when the capital increase is registered in Register of Business Enterprises be 23,776,300. The new shares will rank equal with existing shares from being registered and issued.

The capital increase and related changes to the articles of association will be registered with the Register of Business Enterprises as soon as possible.

Below images of HAVILA AURORA entering Valletta, Malta back to 2nd January, 2010 –


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