Team Tankers International Ltd. : Information Memorandum
March 23 2018 - 10:57AM
Reference is made to the stock exchange
announcement made by Team Tankers International Ltd ("Team Tankers" or the "Company) on
28 February 2018 regarding the Company's agreements to acquire all
of the outstanding shares in each of Laurin Shipping AB and
Anglo-Atlantic Steamship Company Ltd (the "Transaction").
Please find attached a memorandum prepared in
order to provide additional information about the Transaction and
the Team Tankers group following the Transaction.
The Transaction is expected to close on or before
6 April 2018, upon which between 17 - 21 million new shares are
expected to be issued as part of the consideration payable for
Anglo-Atlantic Steamship Company Ltd.
The information memorandum is published as
required under Section 3.5 of the Oslo Børs' Continuing Obligations
for Listed Companies, and also serves as a prospectus equivalent
document for the listing of such new shares, pursuant to the
Norwegian Securities Trading Act section 7-4 (6).
Hamilton, Bermuda, 23 March 2018
Team Tankers International Ltd.
For further information, please contact:
Hans Feringa, President and CEO
T: +1 203 221 3420
Kevin Kilcullen, CFO
T: +1 203 221 3433
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
Information Memorandum
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Team Tankers International Ltd. via
Globenewswire