Rederi AB TransAtlantic (publ) announces prospectus in relation to admission to trading of new shares issued in kind
The Board of TransAtlantic has prepared a prospectus in relation to an issue in kind of new shares that has been approved and registered by the Swedish Financial Supervisory Authority. The issue in kind is directed to Viking Supply Ships AS (through its wholly-owned subsidiaries Odin Viking AS and Odin Viking 2 AS) due to TransAtlantic's acquisition of outstanding shares in the companies included in Trans Viking - the joint venture within in the business area Offshore/Icebreaking, which was previously owned in equal shares by Transatlantic and the Norwegian company Kistefos AS, through its subsidiary Viking Supply Ships AS.
The prospectus is attached the press release and can also be found at the Swedish Financial Supervisory Authority websites www.fi.se as from today. The new shares are estimated to be registered and admitted to trading on or about September 30, 2010.
For more information please contact CEO Stefan Eliasson, phone +46 (0)304 67 47 00.
Rederi AB Transatlantic is a leading Swedish shipping company. Operations are organized into two business areas: Offshore/Icebreaking and Industrial Shipping. Ships fleet consists of 38 vessels and three anchor handling vessels in order to be delivered during 2011 and ships chartered for shorter periods. The company has about 1,100 employees. Its shares are listed on the NASDAQ OMX Stockholm Small Cap segment.
TransAtlantic is obliged to make this information public according the Financial Markets Act and the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden och lagen om handel med finansiella instrument). The information was submitted for publication on September 29, 2010.
Important information
Publishing or distributing this press release could in some jurisdiction be restricted by law and anyone within the jurisdiction in which this press release has been made public or otherwise been distributed should be aware of and observe those legal restrictions.
The information contained herein is restricted and may not be released, published or otherwise distributed, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan or any other country where such measure wholly or partially are subject to legal restrictions. The information in this press release may furthermore not be forwarded, reproduced or disclosed in any way that would be in violation with such restrictions. Failure to comply with these restrictions may constitute a violation of the United States Securities Act of 1933 ("Securities Act") or other applicable laws in other jurisdictions.
This press release does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of TransAtlantic or an inducement to enter into investment activity. This release is made for and directed at only those invited through the prospectus published by this press release, and it is only to those an invitation is made to subscribe for shares in TransAtlantic.
Neither one of the securities have been or will be registered under the Securities Act or any acting on behalf of a resident except in reliance on an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or any provincial law in Canada.