HAFNIA LIMITED: Hafnia Limited Enters Into Shareholder Rights Agreement With BW Group Limited
12 Julio 2024 - 12:20AM
Business Wire
Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code:
“HAFNI”, NYSE ticker code “HAFN”) has on 11 July 2024 entered into
a shareholder rights agreement (the “Shareholder Rights Agreement”)
with its major shareholder BW Group Limited (“BW Group”). As at 11
July 2024, BW Group owns 220,106,112 common shares in the Company
(the “Investor Shares”) which is equal to approximately 42.94 % of
the Company’s issued common shares.
Pursuant to the terms of the Shareholder Rights Agreement, BW
Group has been granted certain corporate governance rights as
described below (the “Corporate Governance Rights”) and BW Group
and affiliates of BW Group (the “Investors”) have been granted
certain registration rights (the “Registration Rights”) and have
undertaken certain obligations.
BW Group’s Corporate Governance Rights entail a right to
designate a certain number of designees to be nominated by the
Company’s nomination committee for election as a director of the
Company. The number of designees that BW Group may designate is
determined by the Investors’ beneficial ownership percentage of the
Company’s common shares.
The Investors’ Registration Rights include, but are not limited
to, the right to demand that the Company use commercially
reasonable efforts to prepare, file and have declared effective a
registration statement for the resale of the Investors’ Shares,
including the right to request the Company to file and maintain the
effectiveness of a shelf registration statement. The Shareholder
Rights Agreement also provides the Investors with piggy-back
registration rights in the event that the Company files a
registration statement in connection with a U.S. public offering of
common shares. The demand and piggy-back registration rights are
subject to certain minimum offering requirements and customary
terms and conditions.
The foregoing is a summary of certain key terms of the
Shareholder Rights Agreement and is qualified in its entirety by
reference to the full text of the Shareholder Rights Agreement, a
copy of which is attached hereto as an exhibit and incorporated
herein by reference.
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting
oil, oil products and chemicals for major national and
international oil companies, chemical companies, as well as trading
and utility companies.
As owners and operators of over 200 vessels, we offer a fully
integrated shipping platform, including technical management,
commercial and chartering services, pool management, and a
large-scale bunker desk. Hafnia has offices in Singapore,
Copenhagen, Houston, and Dubai and currently employs over 4000
employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group
involved in oil and gas transportation, floating gas
infrastructure, environmental technologies, and deep-water
production for over 80 years.
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version on businesswire.com: https://www.businesswire.com/news/home/20240711034578/en/
Mikael Skov CEO Hafnia Limited +65 8533 8900
Hafnia (NYSE:HAFN)
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Hafnia (NYSE:HAFN)
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