Result of the Offering
Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 19 April 2018 regarding the commencement of the application period in the offering of up to 75,000 existing shares in the Company (the "Offer Shares") to the public in Norway (the "Offering").
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, 27 April 2018
MPCC – Result of the Offering
Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 19 April 2018 regarding the commencement of the application period in the offering of up to 75,000 existing shares in the Company (the "Offer Shares") to the public in Norway (the "Offering").
The application period in the Offering expired at 16:30 hours (CET) today, 27 April 2018. Each investor was offered to subscribe for 250 Offer Shares at an offer price of NOK 44 per Offer Share or the closing price on 27 April 2018 less a discount of NOK 3 per Offer Share, whichever was the lowest, but in no event lower than NOK 40 per Offer Share. Based on the closing price of NOK 49 as of today, 27 April 2018, the offer price is NOK 44 per Offer Share.
The Offering was significantly oversubscribed. 75,000 Offer Shares were allocated to 300 investors at an offer price of NOK 44 per Offer Share. Subsequent the Offering, the Company fulfils the requirement for listing on Oslo Børs of at least 500 shareholders.
The selling shareholder, CSI Beteiligungsgesellschaft mbH, will receive the proceeds from the Offering which amount to NOK 3.3 million. Following the allocation of the Offer Shares, CSI Beteiligungsgesellschaft mbH holds 10,268,000 shares in the Company, corresponding to 13.33% of the Company's shares.
The Company's shares, including the Offer Shares, are expected to be admitted to trading on Oslo Børs on 3 May 2018.
DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS are acting as managers for the Offering and the listing of the Company's shares on Oslo Børs.
For further queries, please contact: ir@mpc-container.com
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code “MPCC”) was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.
This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.