Correction - Fairstar Heavy Transport commences investigation into undisclosed Dockwise shareholder agreements
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has concluded that there are reasonable
grounds to believe that Dockwise and their partners have entered into
undisclosed agreements with respect to the 54% stake of Fairstar shares Dockwise
claims to control. The Chairman of the Supervisory Board, Mr. Frits van Riet
read the following statement at the Company's Annual General Meeting this
morning:
On Sunday April 22, 2012 Fairstar Heavy Transport N.V. received a letter from
Dockwise White Marlin B.V. (Dockwise). In this letter, Dockwise stated that it
had entered into agreements with various Fairstar shareholders to buy their
shares for the price of NOK 9.3 per share giving them control of 54% of the
shares in Fairstar.
Fairstar had scheduled our 2012 Annual General Meeting to be held today, April
27 in Rotterdam. In my capacity as Chairman of the Supervisory Board of Fairstar
I would like to inform you that we have determined it is in the best interests
of all Stakeholders in Fairstar to suspend today's Meeting.
We have reasonable grounds to believe that Dockwise and their partners, in the
54% block of Fairstar shares Dockwise claims to control, are acting together. We
also have reason to believe that one of the shareholders is following the
instructions of Dockwise with respect to today's voting. The complete details of
these agreements have not been properly disclosed to The Authority for the
Financial Markets (AFM) in The Netherlands.
Fairstar has been advised that the undisclosed agreements of Dockwise and its
partners are not in compliance with Dutch Law. Therefore any decisions taken at
an Annual General Meeting of Shareholders, under these circumstances may be
voidable.
The Supervisory Board of Fairstar will now undertake an investigation of this
situation in order to satisfy itself that the interests of all Stakeholders are
properly protected. We will inform the market within the next thirty days when
we intend to re-convene our Annual General Meeting for 2012. This meeting is now
being suspended.
For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Ingmar den Blanken, Treasurer (ingmar.den.blanken(at)fairstar.com)
Web: www.fairstar.com
Tel: +31 (0)10-403 5333
*****
Profile Fairstar Heavy Transport:
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport
solutions, specializing in high-value cargoes for the offshore and onshore
energy and construction industries. Fairstar owns and operates two of the most
modern semi-submersible heavy transport ships in the global fleet, FJORD and
FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are
currently under construction with Guangzhou Shipbuilding International in China
and will be owned and operated by Fairstar when they are delivered in May and
October of 2012 respectively. Fairstar is based in Rotterdam and quoted on the
Oslo Stock Exchange (ticker: FAIR).
Press release (PDF) :
http://hugin.info/143837/R/1606871/509559.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1606871]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2012 - 08:10 Uhr
Sprache: Deutsch
News-ID 1108080
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
ROTTERDAM
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 68 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Correction - Fairstar Heavy Transport commences investigation into undisclosed Dockwise shareholder agreements
"
steht unter der journalistisch-redaktionellen Verantwortung von
Fairstar Heavy Transport NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
