Mandatory notification of trade

Norchem AS in Denmark, in which Laurence Odfjell, Chairman of the Board in Odfjell SE, has a controlling interest, has today sold 607,302 Odfjell B-shares at NOK 32.80 per share.

The shares are sold in connection with a generation change.

After this transaction, Norchem AS owns 25,966,492 A-shares and 7,061,148 B-shares in Odfjell SE, equivalent to 38.06 % of the total outstanding shares of Odfjell SE.

Laurence Ward Odfjell owns 513 012 B-shares in Odfjell SE, equivalent to 0,59% of total outstanding shares of Odfjell SE.

In addition, he controls A/S Rederiet Odfjell which owns 3 497 472 A-shares in Odfjell SE, equivalent to 4,03% of total outstanding shares of Odfjell SE.

IR Contact:
Bjørn Kristian Røed, VP/Head of Corporate Analysis & IR
Tel: +47 40 91 98 68
E-mail: bkr@odfjell.com

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 11 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 14 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 939 million in 2020. Read more on Odfjell.com. 

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