Brief: Saga Tankers: Allum Holding And Ferncliff Contemplate Sale Of Up To 47.7 Mln Shares In Co

Saga Pure ASA

02/05/2018 15:39

May 2 (Reuters) - SAGA TANKERS ASA  SAGT.OL :
    * REG-SAGA TANKERS ASA : CONTEMPLATED SALE OF UP TO 47.7
MILLION
SHARES BY ALLUM HOLDING AS AND FERNCLIFF AS
    * SAYS ALLUM HOLDING AS AND FERNCLIFF AS CONTEMPLATES A SALE
OF UP
TO 47,726,655 SHARES IN SAGA TANKERS ASA
    * OFFER SHARES REPRESENTS APPROXIMATELY 17.9% OF OUTSTANDING
SHARE
CAPITAL IN COMPANY
    * PRICE PER OFFER SHARE WILL BE NOK 1.65 PER SHARE
    * ALLUM HOLDING AS AND FERNCLIFF AS ARE BOTH OWNED BY
ØYSTEIN
STRAY SPETALEN
    * ASSUMING SECONDARY SALE IS COMPLETED ØYSTEIN STRAY
SPETALEN AND
ASSOCIATED COMPANIES WILL OWN ABOUT 65% OF OUTSTANDING SHARES IN
CO
    * REASON FOR SECONDARY SALE IS TO INCREASE FREE-FLOAT AND
MAINTAIN
A STOCK WITH PUBLIC INTEREST

Source text for Eikon:  ID:nGNE6PGrLt 
Further company coverage:  SAGT.OL 

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