HAVILA SHIPPING ASA – Repurchase of own shares

by Hans | July 4th, 2011

29th June 2009 Havila Shipping ASA sold 1 052 000 own shares (6.59% of total shares) to DnBNOR Bank ASA/DnBNOR Markets.

Havila Shipping ASA entered into a Total Return Swap (TRS) with DnBNOR Markets for all the sold shares. Today, Havila Shipping has repurchased the shares to a price of NOK 52.50. These shares will be a part of the settlement related to the share issue that was closed on 30 June 2011.

After the repurchase the company owns 1 207 000 own shares.

Source: Havila Shipping ASA

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