Viking Supply Ships – Settlement of bonds in connection with restructuring

Press release

Reference is made to previous notices regarding the restructuring of Viking Supply Ships A/S. Viking Supply Ships A/S and Nordic Trustee ASA (with support from a majority of the Bondholders) have agreed to postpone the long stop date for settlement of the bonds from 31 December 2016 to 16 January 2017. As compensation, Viking Supply Ships A/S has agreed to a consent fee of NOK 348,847.05 to be added to the cash redemption amount. A letter with more detailed information is available on www.stamdata.no.

Viking Supply Ships A/S has cancelled its holding of 191,225,501 own bonds.

For further information please contact:  

Bengt A. Rem, Interim CEO, tel. +47 94 01 71 71, e-mail bengt.rem@kistefos.no 

Morten G. Aggvin, IR & Treasury Director, tel: +47 41 04 71 25, mga@vikingsupply.com.

Viking Supply Ships AB is the parent company of a Swedish shipping group with its main office in Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary of Viking Supply Ships AB (publ). The Group conducts its business in four segments: Anchor Handling Tug Supply ships (AHTS), Platform Supply Vessels (PSV), Services and Ship Management. The business is focused within offshore and ice-breaking primarily in Arctic and subarctic areas. The Group has approximately 500 employees and its revenue for 2015 amounted to MSEK 1.114. The Company’s series B share is listed at Nasdaq Stockholm, Small Cap segment. www.vikingsupply.com.

The information was submitted for publication, through the agency of the contact person set out above, at 17.30 CET on 12 December 2016.