Listing of Hafnia Limited on Oslo Axess

Company: Hafnia Limited
Transaction: Listing on Oslo Axess (fully regulated marketplace operated by Oslo Stock Exchange)
Ticker: HAFN
ISIN: BMG 4233B1090
First day of listing: 8 November 2019

About the company

Hafnia is one of the world's leading oil product tanker owners and operators. The company provides transportation of oil and oil products to leading national and international oil companies, major chemical companies, as well as trading and utility companies. Hafnia operates a fleet of 180 vessels in pools including newbuilds, of which 102 are owned or chartered-in including six owned LR2s, 27 owned and 9 chartered-in LR1s, 41 owned and six chartered-in MRs and 13 owned Handy vessels.

Hafnia has a solid history in chartering, operations and technical management and strive to always offer customers the best solution for their transportation needs. This solution-focused approach has resulted in a strong reputation and the company remain firmly committed to being a responsible member of the industry and operating according to the highest ethical standards.

Hafnia is a global company with offices in Singapore, Copenhagen and Houston and presence in Mumbai. The Company is part of BW Group, an international shipping group that has worked in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production for over 80 years.

Listing process

On 9 October 2019 Hafnia announced that the company had retained advisors in connection with a contemplated listing of the Company's shares on the Oslo Stock Exchange.

On 5 November 2019 Hafnia announced that the company had successfully completed a pre-listing private placement of USD 230 million. The transaction attracted significant interest from high-quality investors worldwide and the transaction was well subscribed with more than 130 participating investors.

On 6 November 2019 Hafnia announced that the Oslo Stock Exchange had resolved to admit the company's shares to listing on Oslo Axess and that the Financial Supervisory Authority of Norway had approved the company's listing prospectus (please see link below). Hafnia's first day of listing on Oslo Axess will be Friday 8 November 2019.

Pareto Securities and Skandinaviska Enskilda Banken (Oslo Branch) acted as joint global coordinators in both the pre-listing private placement and the Oslo Axess listing.