IMSK - Write down of own holdings in bonds IMSK 06/07 and removal of listing on Oslo Børs/Oslo ABM
(Thomson Reuters ONE) -
With effect from 19.02.2010, the total outstanding amounts in IMSK06 - NOK 175
million (ISIN NO 001 049919.7) and IMSK07 - USD 10 million (ISIN NO
001 049918.9) are written off as own holdings. The two bonds will hereby be
removed from listing on Oslo Børs/ Oslo ABM.
The majority of the outstanding amounts were repurchased as part of the issue of
IMSK08 in September 2009. In February 2010 we have bought back NOK 22 million of
IMSK 06. Following this transactions we are holding the total outstanding amount
under both notes. Maturity for the debt was 15.04.2010.
I.M. Skaugen SE
If you have any questions, please contact:
Bente Flø, Chief Financial Officer, on telephone +47
23 12 03 30/+47 91 64 56 08 or by e-mail: bente.flo(at)skaugen.com
Internet at our website: http://www.skaugen.com
Listed on the Oslo Stock Exchange under the ticker code IMSK,. I.M. Skaugen SE
(IMS) is a marine transportation service company engaged in the hassle-free
transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer
of crude oil and LNG, as well as design and construction of smaller, specialised
high quality vessels.
IMS is a fully-integrated shipping company that designs, builds, owns, mans and
manages its own ships. IMS customers are major international companies in the
oil and petrochemical industry, whom it serves worldwide from locations in
Bahrain, Freeport and Houston (USA), Oslo and Stavanger (Norway), Singapore,
Sunderland (UK) and Nanjing, Shanghai, Taizhou, Zhangjiagang and Wuhan (China).
We also operate recruitment and training programmes in St. Petersburg (Russia)
and Wuhan (China) for the crewing of vessels.
IMS employs approximately 1,800 people around the world and currently operates
about 37 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG
carriers, Aframax tankers and lightering support vessels, barges and tugs.
IMS has a comprehensive newbuilding programme in China, of which three 3,200cbm
LPG vessels are delivered and sold; three purpose-designed combination carriers
with LPG/Ethylene/VCM and Organic chemicals carrying capability; and up to ten
advanced 10,000-12,000cbm LNG/ LPG/Ethylene gas carriers, with delivery from
2009 onwards. IMS has invested and built up internal resources and
infrastructure in China to ensure innovative and flexible vessels at lower cost.
[HUG#1386528]
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Datum: 19.02.2010 - 06:56 Uhr
Sprache: Deutsch
News-ID 1010649
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