NEW SHARE CAPITAL REGISTERED

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
 
Reference is made to previous announcements by Ocean Yield ASA (the "Company") in respect of the private placement of a total of 15,935,143 new shares in the Company for gross proceeds of approx. NOK 717 million.
 
The share capital increase pertaining to the new shares issued through the private placement has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following the registration, the registered share capital of the Company is NOK 1,752,865,750, divided into 175,286,575 shares with a nominal value of NOK 10 each. 
 
The new shares will be registered with the VPS under the Company's ISIN NO 0010657448 and be traded on Oslo Børs under the Company's trading symbol "OCY". The new shares will be delivered to Aker Capital AS as return of borrowed shares in connection with the settlement of the private placement. 
 
Arctic Securities AS, DNB Markets, a part of DNB Bank ASA and Fearnley Securities AS acted as Joint Bookrunners and ING Bank N.V., SpareBank 1 Markets AS and Swedbank AB (publ) (in cooperation with Kepler Cheuvreux) acted as Co-Managers in connection with the Private Placement. Schjødt acted as legal advisor to the Company.

 

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82

 

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This information is subject to disclosure under the Norwegian Securities Trading Act section 5-12.
 
This announcement is not and does not form a part of any offer for sale of any securities, and is for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Ocean Yield ASA does not intend to register of its securities in the United States.
 
The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

About Us

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.

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