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Avance Gas Holding Ltd : Avance Gas Holding Ltd - Increase in share capital


Avance Gas Holding Ltd - Increase in share capital

Bermuda, 25 October 2016. Reference is made to the stock exchange announcement
by Avance Gas Holding Ltd ("Avance Gas" or the "Company") dated 21 October
2016 regarding the successful completion of the bookbuilding period for the
private placement of 26,750,000 new common shares (the "Private Placement").

The Company has now issued 26,750,000 new common shares, each with a par value
of USD 1.00, at an offer price of NOK 17.00 per share in connection with the
Private Placement. The new shares have been legally and validly issued as
fully paid and have been registered in the register of members of the Company
in Bermuda, and the beneficial interests in the new shares have been
registered in book-entry form in the VPS. Following the issuance of the new
shares, the authorised share capital of Avance Gas is USD 200,000,000
consisting of 200,000,000 shares with a par value of USD 1.00 each, of which
62,027,972 shares have been issued and fully paid.

The new shares have been registered on a separate ISIN BMG067231115. The
shares will be registered under the Company's ordinary ISIN and listed on
Oslo Børs when a listing prospectus, approved by the Financial Supervisory
Authority of Norway, has been published by the Company, which is expected to
be on or about 27 October 2016. Trading in the new shares on Oslo Børs is
hence expected to commence on or about 27 October 2016.

For further queries, please contact:

Christian Andersen, President
Tel: +47 22 00 48 05 / Email:

Peder C. G. Simonsen, CFO
Tel: +47 22 00 48 15 / Email:

About Avance Gas

Avance Gas operates in the global market for transportation of liquefied
petroleum gas (LPG). The Company is one of the world's leading owners and
operators of very large gas carriers (VLGCs), operating a fleet of fourteen
modern VLGC ships.

Important information

This communication may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not constitute
an offer of securities for sale or a solicitation of an offer to purchase
securities of the Company in the United States, Norway or any other
jurisdiction. The securities of the Company may not be offered or sold in the
United States absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The
securities of the Company have not been, and will not be, registered under
the U.S. Securities Act. Any sale in the United States of the securities
mentioned in this communication will be made solely to "qualified
institutional buyers" as defined in Rule 144A under the U.S. Securities Act
and to "major U.S. institutional investors" under SEC Rule 15a-6 to the
United States Exchange Act of 1934. No public offering of the securities will
be made in the United States.

In any EEA Member State that has implemented the Prospectus Directive, this
communication is only addressed to and is only directed at qualified
investors in that Member State within the meaning of the Prospectus
Directive, i.e., only to investors who can receive the offer without an
approved prospectus in such EEA Member State. The expression "Prospectus
Directive" means Directive 2003/71/EC (and amendments thereto, including
Directive 2010/73/EU, to the extent implemented in any relevant Member State)
and includes any relevant implementing measure in the relevant Member State.

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). These materials are directed only
at Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
announcement relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons. Persons distributing this
communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements. The
information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without

This announcement is made by and, and is the responsibility of, the Company.
ABN AMRO, Danske Bank, DNB Markets, Nordea Markets, Credit Agricole, SEB and
Swedbank (the "Managers") are acting exclusively for the Company and no one
else and will not be responsible to anyone other than the Company for
providing the protections afforded to their respective clients, or for advice
in relation to the contents of this announcement or any of the matters
referred to herein.

Neither the Managers nor any of their respective affiliates makes any
representation as to the accuracy or completeness of this announcement and
none of them accepts any responsibility for the contents of this announcement
or any matters referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Neither the Managers nor any of their respective affiliates accepts any
liability arising from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise any
statement contained in this announcement whether as a result of new
information, future developments or otherwise.

The distribution of this announcement and other information may be restricted
by law in certain jurisdictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions.

This information is subject to disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.


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: Avance Gas Holding Ltd via Globenewswire

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