Brief: Philly Shipyard Proposes Extraordinary Dividend Of USD 6.08 Per Share

Philly Shipyard ASA

29/01/2025 07:24

Jan 29 (Reuters) - Philly Shipyard ASA  PHLY.OL :
    * PHILLY SHIPYARD ASA: PROPOSED DISTRIBUTION OF ALL
AVAILABLE CASH
AND LIQUIDATION OF THE COMPANY
    * BOD PROPOSES AN EXTRAORDINARY CASH DIVIDEND OF USD 6.08
PER
SHARE
    * REMAINING CASH AT LIQUIDATION, ESTIMATED TO $10.4 MILLION,
EXCLUDING ESCROW FUNDS IS EXPECTED TO BE DISTRIBUTED AS
LIQUIDATION DIVIDEND
    * LIQUIDATION OF COMPANY IS EXPECTED TO BE CONCLUDED DURING
Q2
2025
    * ESCROW FUNDS ARE EXPECTED TO BE DISTRIBUTED FOUR YEARS
AFTER
CLOSING OF SALE OF PHILLY SHIPYARD, INC. TO HANWHA

Source text:  ID:nObiSbbmXa 
Further company coverage:  PHLY.OL 

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