Brief: Hunter Group Signs Charter, Announces Private Placement

Hunter ASA

30/11/2023 15:54

Nov 30 (Reuters) - Hunter Group ASA  HUNT.OL :
    * CHARTERS IN SCRUBBER-FITTED ECO VLCC FOR THREE YEARS
    * ANNOUNCES FULLY COVERED PRIVATE PLACEMENT
    * DELIVERY OF VESSEL IS EXPECTED TO TAKE PLACE ON OR ABOUT 1 DECEMBER 2023
    * WILL CHARTER IN VESSEL ON FIXED RATE OF USD 52,500 PER DAY, AND CHARTER VESSEL OUT ON
FLOATING
INDEX-LINKED SPOT RATE
    * WILL ISSUE 14,333,333 NEW SHARES
    * PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO STRENGTHEN WORKING CAPITAL BASE IN
CONNECTION
WITH CHARTERPARTY
    * SUBSCRIPTION PRICE OF NOK 1.50, RAISING GROSS PROCEEDS OF NOK 21.5 MILLION

Source text for Eikon:  ID:nWkr3CSkXJ 
Further company coverage:  HUNT.OL 

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