Hunter Group ASA: Cancellation of subsequent repair offering

Oslo, 6 August 2019

Reference is made to the stock exchange release by Hunter Group ASA (the "Company") on 17 July 2019 relating to the subsequent offering (the Subsequent Offering) of up to 19,045,400 new shares at a subscription price of NOK 3.65 per share.

Based on the trading price of the Company’s shares as per the end of trading on 5 August 2019, i.e. the last day of the Subscription Period, NOK 3.19 per share, and given that the shares have traded below the subscription price of NOK 3.65 over the last weeks, the Board of Directors has resolved to cancel the Subsequent Offering.

Shareholders who were not allocated shares in the private placement completed on 23 May 2019 should be able to acquire shares in the market at a lower price than the subscription price.

Hence, the Board of Directors is of the opinion that cancellation of the Subsequent Offering is protective of the Company’s shareholders since it contributes to avoid the risk of shareholders subscribing for shares at a higher price than the current market price for the shares.

For further information, please contact: Erik Frydendal, CEO +47 957 72 947 E-mail: ef@huntergroup.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Us

Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 8 high spec VLCC's with scrubbers under construction at DSME in Korea.

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