Mandatory offer - offer document approved
05.04.2017Oslo Børs, in capacity as take-over supervisory authority, has approved offer set out in offer document dated 5 April 2017 in respect of: Mandatory offer to acquire the shares in Solvang ASA made by AS Clipper.
Oslo Børs, in capacity as take-over supervisory authority, has approved offer set out in offer document dated 5 April 2017 in respect of: Mandatory offer to acquire the shares in Solvang ASA made by AS Clipper
Offer price: NOK 25.50 per share
Offer period: From and including 6 April 2017 to 16:30 CET on 4 May 2017
Receiving agent: Fearnley Securities AS
The offer document is available here.
Industry leading provider of LPG and petrochemical tonnage.
Solvang has a fleet of seven VLGCs, including two under construction, nine LGCs - of which three have been delivered from HHI in 2015 - and six ethane/ethylene carriers. Since 2008, the company and partners have invested more than USD 1.4 billion in new ships, giving a very modern fleet, with an average age of about 7 years. The company's headquarters are in Stavanger on the Norwegian south-west coast, with a commercial and operational team sitting in Oslo.
Our focus is to build, own and manage our fleet in a life cycle perspective, with a 20-25 year investment horizon. We do not use fleet management companies to run our ships - everything is done in-house in Stavanger and in Oslo. In addition, we have our own crewing office in the Philippines. To us, proper crew manning and training are essential factors and we're proud of our track record, having zero LTI (Lost Time Incident) frequency and outstanding vetting results.
Our main goals are: