Du är här

2016-02-26

Bulk Invest ASA: Bulk Invest ASA - Restructuring update / Sale of WB Chartering challenged

Oslo, 26 February 2016 - Reference is made to the extended stock exchange
announcement made by Bulk Invest ASA ("Bulk Invest
" or the "Company
") on 4 February 2016 regarding the sale of Western Bulk Chartering AS and the
stock exchange announcement made by the Company on 15 February 2016 regarding
the restructuring of the Company's obligations related to its chartered-in
fleet.

The Company has been informed that some of its main creditors have requested a
legal injunction, requiring a reversal of the sale of Western Bulk Chartering
AS to Kistefos Equity Operations AS. The Company believes that the alleged
claims are completely unfounded and will defend itself against them.

At the same time, the Company is continuing its restructuring efforts, and is
in an on-going dialogue with its main creditors. The basis for the Company's
continued operations is subject to continuous and diligent evaluation by the
Board of Directors of the Company.

*****

For more information, please contact:

Jens Ismar, Chief Executive Officer
Tel: +47 9009 0897
E-mail:jens.ismar@bulkinvest.no

About Bulk Invest ASA:

For more information about Bulk Invest ASA, seewww.bulkinvest.no

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

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Bulk Invest ASA via Globenewswire

HUG#1989750

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.