Lysaker,
HIGHLIGHTS
- On 18th October the sale of
American Tanker Holding Company ("ATHC") was successfully closed. The transaction comprised all of AMSC's Jones Act business including the 10 tankers and corresponding bareboat charters, debt and corporate structure. -
In conjunction with the closing of the sale of ATHC, AMSC distributed
USD 170 million in an additional dividend to shareholders on 1st November. -
On 23rd October, AMSC announced an agreement with
Solstad Shipholding AS to participate in an overall refinancing by contributing the CSV Normand Maximus in return for shares in the new company Solstad Maritime Holding AS ("SMH"). Subsequent to year-end, the refinancing was completed on 16thJanuary 2024 , and AMSC currently owns 21.1% of SMH. -
On 20th November, an Extraordinary General Meeting ("EGM") in AMSC approved Q3 and Q4 2023 dividends of
USD 0.05 per share for each quarter. The Q3 dividend was paid on 7th December and the Q4 dividend is expected to be paid on or about 15thMarch 2024 . Dividends will be classified as return of paid in capital.
AMSC CEO,
The full report is attached, along with the fourth quarter presentation.
Company contacts:
+47 24 13 00 04
+47 24 13 00 87
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
https://news.cision.com/amsc-asa/r/amsc-asa---fourth-quarter-2023-results,c3936084
https://mb.cision.com/Public/18433/3936084/8f8cf92f9d0e18e7.pdf
https://mb.cision.com/Public/18433/3936084/b1ff1ee4e93fdd2a.pdf
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