Declaration of purchase option
Navig8 Universe is a chemical tanker built in 2013 and employed on long-term charter to Navig8 Ltd. In the charter contract, Navig8 Ltd. has a purchase option on the vessel after five years, which has now been declared. The effective purchase date is 5 October 2021 with a price of USD 18.8 million.
Eirik Eide (CFO), Tel +47 24 13 01 91
Investor Relations contact:
Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82
Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.