Independent journal on economy and transport policy
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of Friend International Shipping, in sight an increase of capital until about 35 million euros
Contextual free emission of warrant
April 18, 2017
The board of directors of Friend International Shipping (DIS) has deliberated an increase of share capital until the maximum amount of the equivalent in USA dollars of beyond 34,9 million euros (comprehensive of overcharge) by means of the emission of the maximum new number 140,2 million sets in action to offer as an option to having straight to a price of offer of the 0,249 euros for each new action, with relationship of allocation of the new actions pairs to a new action every three sets in action existing, and with contextual free emission of the maximum number of 140,2 million warrant. The validity of the period of offer has been fixed from on 24 April on 18 May next.
The company has specified that "the issue price of the new actions incorporates a reduction in price of about 17% regarding the price of reference of the actions of Amico International Shipping S.A at the close of the MTA on April 13, 2017, a reduction in price of about 14% regarding the average simple of the recorded prices of reference from the actions of the society in the course of last the six months and of about 13% regarding the TERP".
Moreover the Board of Directors has deliberated an ulterior increase of the share capital until the maximum amount of the equivalent in USA dollars of 59,6 million euros (comprehensive of overcharge) by means of the emission, in or a more tranche, than a number maximum of 140,2 million actions of compendium, having regular enjoyment and having the same characteristics of those in circulation to the classified date of issue and exclusively to the exercise of the warrant.
The shipowning company has explained that the board of directors "has decided to proceed with the offer to the aim to strengthen the patrimonial structure of the society" and that "the offer is structured so as to reward the investor with a temporal horizon of investment mean-along, through the allocation of warrant long-term who offer the possibility to benefit of every possible rise of the market, strongly cyclical, of the tankers".
"The favorable perspective of the market - it has specified DIS - is based jointly on an attended slow down in the delivery of new ships to the increase of the question of transport by sea of producing oil, attributable also to an increment of the covered medium distances".
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The board of directors of Friend International Shipping (DIS) has deliberated an increase of share capital until the maximum amount of the equivalent in USA dollars of beyond 34,9 million euros (comprehensive of overcharge) by means of the emission of the maximum new number 140,2 million sets in action to offer as an option to having straight to a price of offer of the 0,249 euros for each new action, with relationship of allocation of the new actions pairs to a new action every three sets in action existing, and with contextual free emission of the maximum number of 140,2 million warrant. The validity of the period of offer has been fixed from on 24 April on 18 May next.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
