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Bærum, 11 April 2014. Reference is made to stock exchange notice of 8 April
2014, in which Scanship Holding ASA (the "Company", ticker code SSHIP)
announced the successful completion of its initial public offering of shares
(the "Offering").

Fondsfinans AS (the "Manager") may engage in stabilisation activities of the
shares of the Company from and including today 11 April 2014 to and including
11 May 2014 (the "Stabilisation Period"). Any such stabilisation transactions
will be aimed at supporting the market price of the shares of the Company.

In connection with the Offering, the Manager has over-allotted 531,569 shares
in the Company, which equals approximately 2.1% of the number of shares sold
in the Offering before over-allotments. In order to permit the delivery in
respect of over-allotments made, the Manager borrowed a number of shares from
the existing shareholders of the Company equal to the number of the
over-allotted shares.

Further, the Manager has been granted a greenshoe option (the "Greenshoe
Option") which entitles the Manager, to subscribe for up to 531,569 new
shares to be issued by the Company at a price per share equal to the offer
price in the Offering of NOK 3.20 per share (the "Offer Price"). The
Greenshoe Option may be exercised at the end of the Stabilisation Period. The
Manager may close out the short position created by over-allotting shares by
buying shares in the open market through stabilisation activities and/or by
exercising the Greenshoe Option.

The Manager (or persons acting on behalf of the Manager) may effect
transactions that stabilise or maintain the price of the shares of the
Company at a level higher than that which might otherwise prevail, by buying
shares in the Company or associated instruments in the open market at prices
equal to or lower than (but not above) the Offer Price. However, there is no
obligation on the Manager (or any person acting on behalf of the Manager) to
do so. Moreover, there is no assurance that the Manager (or persons acting on
behalf of the Manager) will undertake stabilisation activities. If
stabilisation activities are undertaken they may be stopped at any time, and
must be brought to an end upon or before expiry of the Stabilisation Period.

Within one week after the end of the Stabilisation Period, the Manager will
publish a statement through Oslo Børs' information system under the Company's
ticker with information as to whether or not any stabilisation activities
have been undertaken, including the date at which stabilisation started, the
date at which stabilisation last occurred, and the price range within which
stabilisation was carried out for each of the dates during which
stabilisation transactions were carried out.

Any stabilisation activities will be conducted in accordance with section 3-12
of the Norwegian Securities Trading Act and Commission Regulation (EC) No.
2273/2003 implementing Directive 2003/6/EC of the European Parliament and of
the Council as regards exemptions for buy-back programmes and stabilisation
of financial instruments.

For further details see the prospectus dated 25 March 2014 issued by the
Company in connection with the Offering and the listing of its shares on Oslo
Axess. For further queries, please contact:

Sigurd Gaarder Lange - CFO
Scanship Holding ASA
Tel: +47 90 79 81 55
Email: sigurd.lange@scanship.no


Scanship is an industry leader in advanced technologies for processing waste
and purifying water within the maritime industry. Owners of vessels operating
our systems have the solutions to convert all waste and wastewater to inert
materials, recyclables, clean flue gas and effluent which meets the highest
international discharge standards. Our new technologies will recover water
and produce energy, providing tangible payback from the operations. We strive
for the highest quality, innovative and sustainable solutions.


The contents of this announcement have been prepared by, and are the sole
responsibility of, the Company. This announcement is not and does not form a
part of any offer for sale of securities.

This announcement is not for release, publication or distribution, directly or
indirectly, in the United States, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other

These materials are not an offer for sale of securities in the United States.
Securities may not be sold in the United States absent registration with the
United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act". Scanship does not intend to register any part of the
offering in the United States or to conduct a public offering of shares in
the United States.

Any offering of the securities referred to in this announcement will be made
by means of a prospectus. This announcement is not a prospectus for the
purposes of Directive 2003/71/EC (as amended, together with any applicable
implementing measures in any Member State, the "Prospectus Directive").
Investors should not subscribe for any securities referred to in this
announcement except on the basis of information contained in the
aforementioned prospectus.

In any EEA Member State other than Norway 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. 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.

This communication is only being distributed to and is only directed at
persons in the United Kingdom that are (i) 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) high net
worth entities, and other persons to whom this announcement may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as "relevant persons"). This communication
must not be acted on or relied on by persons who are not relevant persons.
Any investment or investment activity to which this communication 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 Scanship 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

The Manager is authorised and regulated by the Financial Supervisory Authority
of Norway and is acting exclusively for the Company and the Selling
Shareholders and no one else in connection with the Offering and assumes no
responsibility for this announcement. The Manager will not be responsible to
anyone other than the Company for providing the protections afforded to its
respective clients, or for advice in relation to the Offering, or any of the
matters referred to herein.

None of the Manager or any of its respective directors, officers, employees,
advisers or agents accepts any responsibility or liability whatsoever for/or
makes any representation or warranty, express or implied, as to the truth,
accuracy or completeness of the information in this announcement (or whether
any information has been omitted from the announcement) or any other
information relating to the Selling Shareholders or the Company, its
subsidiaries or associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for any loss
howsoever arising from any use of announcement or its contents or otherwise
arising in connection therewith.

This information is subject to 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: Scanship Holding ASA via Globenewswire


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