company news

Castor Maritime Inc. Announces the Acquisition of its First Ultramax Vessel

Company news

2024-07-25 15:14:51

Castor Maritime Inc. Announces the Acquisition of its First Ultramax Vessel

Limassol, Cyprus, July 25, 2024 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on July 16, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built Ultramax dry bulk carrier vessel from an unaffiliated third-party, for a purchase price of $25.5 million.

The acquisition is expected to be concluded by taking delivery of the vessel during the third quarter of 2024 and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chief Executive Officer of the Company commented:

“In continuation of our efforts to renew and develop our fleet, we are excited to announce Castor’s entry into the Ultramax segment. We remain committed to our growth trajectory by seeking further opportunities in the shipping space, including opportunities to modernize our fleet”.

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Following the completion of the above-mentioned vessel acquisition, Castor will own a fleet of 11 vessels, with an aggregate capacity of 0.8 million dwt, consisting of three Kamsarmax vessels, five Panamax dry bulk vessels, one Ultramax vessel and two 2,700 TEU containership vessels.

For more information, please visit the Company’s website at www.castormaritime.com. Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of current or historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these forward-looking statements, including these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward‐looking statements include factors and uncertainties in connection with the consummation of any acquisition or sale of vessels, the occurrence of any event, change or other circumstance that could cause us to record a different net gain or loss than expected on the sales of any of our vessels, the effects of the Company’s spin-off transaction or any similar transaction, our business strategy, dry bulk and containership market conditions and trends, the changes in the size and composition of our fleet, our ability to realize the expected benefits of vessel acquisitions, our relationships with our current and future service providers and customers, our ability to borrow under existing or future debt agreements or to refinance our debt on favorable terms and our ability to comply with the covenants contained therein, our continued ability to enter into time or voyage charters with existing and new customers and to re-charter our vessels upon the expiry of the existing charters, changes in our operating and capitalized expenses, our ability to fund future capital expenditures and investments in the acquisition and refurbishment of our vessels, instances of off-hire, fluctuations in interest rates and currencies, any malfunction or disruption of information technology systems and networks that our operations rely on or any impact of a possible cybersecurity breach, existing or future disputes, proceedings or litigation, future sales of our securities in the public market and our ability to maintain compliance with applicable listing standards, volatility in our share price, potential conflicts of interest involving members of our board of directors, senior management and certain of our service providers that are related parties, general domestic and international political conditions or events (including armed conflicts, such as the war in Ukraine and the conflict in the Middle East, acts of piracy or maritime aggression, such as recent maritime incidents involving vessels in and around the Red Sea, sanctions, “trade wars”, global public health threats and major outbreaks of disease), changes in seaborne and other transportation, changes in governmental rules and regulations or actions taken by regulatory authorities, and the impact of accidents, adverse weather and natural disasters. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

Minutes from Extraordinary General Meeting

Company news

2024-07-25 11:59:13

An Extraordinary General Meeting was held on July 24, 2024.

All items were unanimously approved according to the suggestions put forward by the Board of Directors.

Please find the minutes attached.

Soil: Soiltech signs contract with COSL

Company news

2024-07-18 11:39:07

COSL Drilling has awarded Soiltech a contract for treating contaminated water on the harsh environment, semi-submersible drilling rig COSLPromoter, with startup in the third quarter of 2024. This is a substantial¹ contract for Soiltech.

COSLPromoter is working for Equinor in Norway, under a contract which could have a duration of up to five years.

“We are proud to be awarded this contract by COSL which is a leading drilling contractor on the Norwegian Continental Shelf. Our focus is to deliver sustainable waste treatment services to COSL, by reducing the waste as much as possible on location, and thereby reducing the amount of waste sent to shore for disposal. This contributes to reduced carbon emissions and lower cost”, says Jan Erik Tveteraas, Soiltech’s CEO.


About Soiltech
Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste at site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse.

Soiltech AS has signed a merger plan with Oceanteam ASA. The combined company will seek listing on Oslo Børs under the name Soiltech ASA. It is anticipated that such listing will take place around the end of Q3 2024.

Soiltech operates world-wide and is headquartered in Norway. We are listed on Euronext NOTC in Norway under the ticker SOIL.

____________
1.Contract sizes
A sizable contract has an estimated value of NOK 3 - 10 million
A substantial contract has an estimated value of NOK 10 – 25 million
A large contract has an estimated value above NOK 25 million


Date: 18. July 2024
Contact:

Tove Vestlie, CFO, +47 90690648
Jan Erik Tveteraas, CEO, +47 95214925

Endring av aksje: Green Transition Holding AS (GTH)

Corporate actions

2024-07-16 16:20:48

Det er foretatt endringer i Green Transition Holding AS (ISIN:NO0010905029, ticker GTH). Aksjebeholdningen er øket fra 15 955 618 til 16 815 831. Emisjonsverdien er redusert fra 606 313 484 til 336 316 620.

CrayoNano AS Registration of Share Capital Increase

Company news

2024-07-15 12:56:40

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Trondheim, Norway—15 July 2024—Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 4 July 2024 regarding the board of directors of the Company's decision to allocate 221,973 new preference shares (the "Offer Shares") at a subscription price of NOK 14.00 per share in the subsequent offering following the private placement that was announced on 31 May 2024 (the "Subsequent Offering").

The share capital increase pertaining to the Subsequent Offering has been registered today. Following this the share capital of the Company is NOK 773,675.14, divided into 37,524,496 ordinary shares and 1,159,261 preference shares, each with a nominal value of NOK 0.02.

About CrayoNano AS

CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway with a branch office in Taiwan, CrayoNano supports our customers with global sales representatives and distributors in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext OTC in Norway under the ticker “CNANO”.

Hval Sjokoladefabrikk ASA

Company news

2024-07-15 08:23:21

Aksjonærinformasjon 15 juli 2024

HITV - Avholdt ekstraordinær generalforsamling

Company news

2024-07-12 10:41:25

Den 12. juli ble det avholdt ekstraordinær generalforsamling i HitecVision AS. Samtlige saker ble vedtatt i henhold til styrets forslag.

Det vil bli utdelt et ekstraordinært utbytte på NOK 183 034 619 tilsvarende NOK 9,65 pr. aksje. Utbetaling forventes å finne sted den 22. juli.

Protokoll fra ekstraordinær generalforsamling vedlagt.

CondAlign AS - Summons to Extraordinary General Meeting

Company news

2024-07-09 17:15:40

CondAlign AS summons all shareholders to an Extraordinary General Meeting of Shareholders to be held on the July 24, 2024 at 10:00 a.m. (CET) at Bøkkerveien 5, Oslo.

Please find the summons attached.

For further information, please contact:

Håvard Lien-Kvareng
CFO
Mail: investor@condalign.no
Mob: +47 996 41 809

Final results of the Private Placement

Company news

2024-07-09 08:44:41

Reference is made to the N-OTC announcement published by CondAlign AS (the "Company") on 21 June 2024 regarding the contemplated private placement of new preference shares in the Company (the "New Preference Shares") to raise gross proceeds of minimum NOK 35.8 million and maximum NOK 50 million, including conversion of existing debt of NOK 25.8 million (the "Private Placement") and the announcement on 1 July 2024 where the Company announced the extension of the offer period for the Private Placement until 8 July 2024.

The application period for the Private Placement expired at 16:00 hours CEST today, 8 July 2024. Based on received subscriptions the Company have allocated 2,252,878 New Preference Shares in the Private Placement, of which 1,547,808 subscriptions are for New Preference Shares that will be settled through set-off of existing debt and the remaining 705,070 subscriptions are for New Preference Shares that will be settled in cash. The New Preference Shares will be issued at a subscription price of NOK 16.67 per share, meaning that the Company will raise gross cash proceeds of approximately NOK 11.75 million.

The Company has already obtained a waiver from DNB Bank ASA related to the minimum equity covenant under the current debt facilities, as per the conditions for completion of the Private Placement set out in the NOTC-notice on 24 June 2024.

The board of directors of the Company expects to convene an extraordinary general meeting to take place on or about 24 July 2024 to resolve (i) the amendments to the articles of association to establish the new class of preference shares, and (ii) the share capital increases pertaining to the issuance of the New Preference Shares.

The Company has engaged SpareBank 1 Markets AS as manager for the Private Placement (the "Manager"). Advokatfirmaet Wiersholm AS is acting as legal advisor to the Company.s

For more information, please contact:

CEO
Harald Wahl Breivik
harald.breivik@condalign.no

Chair
Rune Rinnan
rune.rinnan@ntechgroup.no

IMPORTANT NOTICE:
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The Manager or its affiliates or its directors, officers, employees, advisors or agents do not accept any responsibility or liability whatsoever for, and does not make 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 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 this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the CondAlign.

Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from Australia, Canada, Japan, Hong Kong, South Africa or the United States (including its territories and possessions, any State of the United States and the District of Columbia) or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not an offer for sale of securities in the United States. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act, and may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States.

This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "EU Prospectus Regulation") (together with any applicable implementing measures in any Member State). All of the securities referred to in this announcement will be made by means of a set of subscription materials provided to potential investors, except for the subsequent repair offering which will be made on the basis of a listing and offering prospectus. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned subscription materials or for the subsequent repair offering, the prospectus.
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State.
This communication is only being distributed to and is only directed at persons in the United Kingdom that are "qualified investors" within the meaning of the EU Prospectus Regulation as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018 and 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.

This announcement is made by, and is the responsibility of, the Company. The Manager and its affiliates are acting exclusively for the Company and no-one else in connection with the transactions described in this announcement. They will not regard any other person as their respective clients in relation to the transactions described in this announcement and will not be responsible to anyone other than the Company, for providing the protections afforded to their respective clients, nor for providing advice in relation to the transactions described in this announcement, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the transaction described in this announcement, the Managers and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities of the Company or related investments in connection with the transactions described in this announcement or otherwise. Accordingly, references in any subscription materials to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, the Manager and any of its affiliates acting as investors for their own accounts. The Manager does not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations 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 "believe", "aim", "expect", "anticipate", "intend", "estimate", "will", "may", "continue", "should" 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. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, the Manager and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.

Endring av aksje: Insr ASA (INSR)

Corporate actions

2024-07-08 10:22:17

Det er foretatt endringer i Insr ASA (ISIN:NO0010593544, ticker INSR). Aksjebeholdningen er øket fra 252 827 265 til 362 112 979.

DOF Installer ASA – Voluntary cash offer

Company news

2024-07-08 10:00:03

DOF Subsea AS has today launched a voluntary cash offer (the "Offer") to acquire all issued and outstanding shares in DOF Installer ASA (the "Company"). A cash consideration of NOK 10.75 per share will be offered to the shareholders of the Company.

The offer document will be sent to all shareholders in the Company as registered in the Company's shareholder register in Euronext Securities Oslo, the central securities depository in Norway (the "VPS"), as of the date hereof, in jurisdictions where the Offer Document may be lawfully distributed.

The acceptance period for the Offer will commence today, 8 July 2024, and will expire at 16:00 (CET) on 6 August 2024. The terms and conditions of the Offer, including procedures for how to accept the Offer, are set out in the offer document.

For further information, please contact:
Hilde Drønen - Tel: +47 91 66 10 09

Golar LNG signs agreement for 20-year FLNG deployment in Argentina

Company news

2024-07-05 13:20:02

Golar LNG Ltd. (Golar) has entered into definitive agreements with Pan American Energy (PAE) for a 20-year deployment of a Floating Liquefied Natural Gas (FLNG) vessel in Argentina. The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resources. The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.

This strategic venture is built on a robust commercial foundation, featuring: (i) a Gas Sales Agreement from PAE for the supply of gas; and (ii) an FLNG charter agreement with Golar which includes a base tariff and commodity exposure to LNG sales prices.

The project aims to utilize Golars FLNG Hilli, with a nameplate capacity of 2.45 million tons per annum (mtpa), providing an equivalent net tariff of US$2.6/mmBtu (based on 90% capacity utilization) with an additional commodity-linked pricing element. Golar has flexibility to consider a swap alternative for another suitable Golar FLNG unit.

As part of the agreements, Golar will hold a 10% stake in Southern Energy S.A., a dedicated joint venture with PAE, responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina.

This initiative is envisaged to be the first phase of a potential multi-vessel project and it is anticipated that other large natural gas producers in Argentina will join.

Golars CEO, Mr. Karl Fredrik Staubo said We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America. The project will provide an international outlet for Argentinas vast and attractive natural gas reserves, creating value to Argentina and its gas stakeholders. The project expands Golars global footprint, with further growth potential.

The agreements are subject to sign-off of customary conditions.

About Golar LNG

Golar LNG is a NASDAQ listed maritime LNG infrastructure company. Through its 75-year history, the company has pioneered maritime LNG infrastructure including the world's first Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Today Golar is a focused FLNG company, and the only proven provider of FLNG as a service. Golar owns the worlds largest fleet of FLNG units by annual liquefaction capacity, with a market leading operational track record.

About Pan American Energy

PAE is a leading integrated energy company in Latin America, that holds interests across the whole hydrocarbon value chain, producing 250,000 boed, with more than 2,300 million boe of net 2P reserves, and with an energy transition agenda that involves renewable power, LNG, lithium and biofuels. PAE maintains an average annual investment that exceeds US$ 1.5 billion and employs more than 21,000 people directly and indirectly.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended).  All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda

July 5, 2024

Investor Questions: +44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

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

NHST Holding AS- Quarterly report for the second quarter 2024

Company news

2024-07-05 11:59:20

CrayoNano AS: Share capital increase and Subsequent Offering

Company news

2024-07-04 21:50:57

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Trondheim, 4 July 2024: Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 14 June 2024 regarding the general meeting's approval of the share capital increase pertaining to the private placement of 937,288 new preference shares (the "Private Placement") and the announcement on 1 July regarding the completed subscription period in the subsequent offering of up to 1,189,059 new preference shares (the "Offer Shares") at a subscription price of NOK 14.00 per share (the "Subsequent Offering").

The share capital increase pertaining to the Private Placement has been registered today. Following this the share capital of the Company is NOK 769,235.68, divided into 37,524,496 ordinary shares and 937,288 preference shares, each with a nominal value of NOK 0.02.

Further, the board of directors of the Company has resolved the final allocation of the Offer Shares based on valid subscription received under the Subsequent Offering, and has conditionally allocated 221,973 new preference shares.

Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be set out in a separate allocation letter to each subscriber. The allocation letters are expected to be sent on 5 July 2024. The deadline for payment for the Offer Shares is 8 July 2024, in accordance with the payment instructions set out in the Company's prospectus dated 17 June 2024. Payment for the allocated Offer Shares must be available on the specific bank account on the business day prior to the Payment Date, i.e. 5 July 2024. Subscribers who are not domiciled in Norway must ensure that payment for the Offer Shares allocated to them is made with cleared funds on or before 10:00 hours (CEST) on 5 July 2024.

Subject to timely payment of the Offer Shares subscribed for and allocated in the Subsequent Offering and registration of the share capital increase in the Norwegian Register of Business Enterprises, the issuance and delivery of the Offer Shares pertaining to the Subsequent Offering is expected to be completed on or about 15 July 2024

For further information, please contact:

Jens Kielland, CFO
Tel: + 47 95 81 55 81
Email: jens.kielland@crayonano.com

About CrayoNano AS

CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway with a branch office in Taiwan, CrayoNano supports our customers with global sales representatives and distributors in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext OTC in Norway under the ticker “CNANO”.

Merger plan approved by the general meetings of Soiltech AS and Oceanteam ASA

Company news

2024-07-04 15:17:35

JOINT PRESS RELEASE
Lysaker and Sandnes, Norway, 4 July 2024

Reference is made to the joint announcement issued on 30 May 2024 by Oceanteam ASA ("Oceanteam", OSE: OTS) and Soiltech AS ("Soiltech", NOTC: SOIL) (hereinafter jointly referred to as the "Companies") regarding the signing of a merger plan for the combination of the
Companies. Further reference is made to subsequent announcements on 3 June 2024, concerning the notices for the respective extraordinary general meetings (individually "EGM") for approval of the merger.

The EGM for Soiltech was held today at 10:00 CEST, followed by the EGM for Oceanteam at 11:00 CEST. All proposals on the respective agendas, including the merger plan dated 30 May 2024, were approved with the requisite majorities. The decision to approve the merger plan will be filed with the Norwegian Register of Business Enterprises.

Completion of the merger remains conditional upon (i) the six weeks creditor period pursuant to section 13-15 of the Norwegian Public Companies Act 15 having expired without any objections from the creditors, or, if any objection has been made within the notification period, such creditor having received adequate security or the court having rejected the demand for security pursuant to section 13-16 of the Norwegian Public Limited Liability Companies Act, (ii) all regulatory approvals necessary or reasonably required for completion of the merger having been obtained without any conditions or conditions considered to be acceptable to Oceanteam and Soiltech (acting reasonably), (iii) the conversion of Soiltech into a Norwegian public limited liability company (ASA), including the appointment of a former member of the Oceanteam board of directors to the board of directors of the merged entity, (iv) the Oslo Stock Exchange having approved the merged entity for listing on Euronext Oslo Børs or Euronext Expand, and (v) no material breach of any covenant or other obligations in the merger plan or other agreements entered into between the Companies.

Minutes of Soiltech’s EGM are attached hereto and made available on www.soiltech.no.

For further information regarding the merger and the complete terms and conditions for the merger, please see the merger plan with appendices available on www.soiltech.no and www.oceanteam.nl.

For further information, please contact:

Soiltech AS
Jan Erik Tveteraas, CEO
Telephone: (+47) 95 21 49 25
Email: jan.erik.tveteraas@soiltech.no

Tove Vestlie, CFO
Telephone: (+47) 90 69 06 48
Email: tove.vestlie@soiltech.no

Oceanteam ASA
Michael Timson, CEO
Telephone: (+47) 55 10 82 40
Email: info@oceanteam.no


………

Attach: EGM Minutes in PDF.

HITV - Innkalling til ekstraordinær generalforsamling

Company news

2024-07-04 12:15:54

Styret i HitecVision har vedtatt å innkalle til ekstraordinær generalforsamling den 12. juli 2024 for å fremme forslag om utdeling av et tilleggsutbytte på NOK 183 034 619, tilsvarende NOK 9,65 pr. aksje.

CrayoNano Welcomes UWAVE as New Design-In Partner in France

Company news

2024-07-03 12:16:55

Trondheim, Norway—3 Jul 2024—CrayoNano AS (NOTC: CNANO), a leader in UV-C LED technology, welcomes a new design-in partner UWAVE, a French UV LED lamp and system maker with strong expertise in our key markets of industrial UV curing and disinfection applications. This collaboration marks CrayoNano’s first design-in partnership in France and represents another significant step in expanding our coverage in the UV-C LED curing and disinfection market.

Founded in 2015 as a spin-off from EFFILUX, a European leader in machine vision LED lighting and high-performance optical systems, UWAVE has established itself as a prominent designer and OEM manufacturer of customized industrial UV LED solutions for UV curing and disinfection applications. UWAVE has collaborated with many leading UV curing industry players such as IST INTECH Ltd.

UWAVE develops UV LED systems for industrial production lines utilizing UV curing processes—such as aerospace, automotive, food packaging, and industrial printing—leveraging their application knowledge, technical and engineering expertise, and services in electronics, optics and mechanical to provide cost-effective, high-performance, and quality-engineered solutions applied to UV-C disinfection achieving high irradiance for effective pathogen deactivation. By integrating CrayoNano's highly reliable, robust, and powerful UV-C LEDs with UWAVE’s expertise in UV-C LED systems, we are well aligned in our mission to deliver innovative and dependable UV-C LED solutions for disinfection and UV curing. Together, CrayoNano and UWAVE are committed to delivering UV LED solutions tailored to specific application needs—performance and efficiency, low maintenance costs, lifetime and service, and overall total costs of ownership—prioritizing customer success and satisfaction.

This partnership marks a significant milestone in CrayoNano’s partner network strategy. With UWAVE's proven track record in customization and OEM services, access to their extensive customer base in UV curing and disinfection, and their strong partnership network in photonics, materials, and machine manufacturing, together we deliver a vertically integrated, customer-centric, application level focused service and support to our customers in France and Europe.

"Partnering with CrayoNano and integrating their CrayoLED UV-C LED, with their outstanding product performance and quality, into our systems allows us to elevate our ongoing projects and designs needing higher UV-C output and higher driving currents," said Pierre Petri, Sales Manager at UWAVE. "This collaboration will deliver reliable, safe, and efficient curing and disinfection system solutions, combining our expertise in system design and customization with CrayoNano's robust and reliable UV-C LEDs. Together, we are committed to providing innovative, high-quality solutions that meet the diverse needs of our customers in France and Central Europe."

"This partnership continues CrayoNano's strategy and expands our reach into the French market. UWAVE's values and quality engineering focused approach to UV LED lighting design perfectly complements our UV-C LED technology. We believe our customers will benefit greatly from this collaboration and look forward to building a successful partnership together as we drive the UV-C LED market forward," said Stefan Stockbauer, Global Sales Director of CrayoNano.

For more information:

CrayoNano AS
CrayoNano Marketing
Te;: +47 72 90 98 60
Email: marketing@crayonano.com
Website: http://www.crayonano.com/


About UWAVE

UWAVE designs and manufactures innovative, powerful, and easy-to-use UV curing LED lighting systems for UV curing, fluorescence and disinfection applications. With its optical, mechanical and electronical expertise, UWAVE has established itself as a prominent designer and OEM manufacturer of customized industrial UV LED solutions. Headquartered near Paris, France, UWAVE supports our customers with global sales representatives and distributors all around the world.

About CrayoNano:

CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway with a branch office in Taiwan, CrayoNano supports our customers with global sales representatives and distributors in EMEA, APAC, and the Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext OTC in Norway under the ticker “CNANO”.

Avenir LNG announces the Time Charter for Avenirs first Newbuild 20,000cbm LNG Bunker Vessel with Vitol International Shipping Pte. Ltd

Company news

2024-07-03 10:10:02

London, 3rd July 2024, Avenir LNG Limited (NOTC: AVENIR or the Company) announces it has executed a Time Charter Party (TCP) with Vitol International Shipping Pte Ltd (Vitol) for Avenirs first newbuild 20,000cbm LNG Bunker Vessel. The time charter to Vitol will commence at delivery from the shipyard in China in Q4 2026 and will serve a period of 7 years with options to extend up to 10 years in total.

In April 2024, the Company announced it had ordered 2 x 20,000cbm LNG Bunker Vessels with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd which due for delivery Q4 2026 and Q1 2027.

This agreement with Vitol solidifies Avenirs position as a leading owner and operator of LNG bunker vessels. Concluding the charter on the first newbuild demonstrates the markets confidence in Avenirs investment strategy as well as securing long term sustainable cashflow for the group and our shareholders over the next decade. This transaction increases the companys third-party charter revenue backlog including options to over $205 million including options.

Mr. Jonathan Quinn, Managing Director, Avenir LNG, commented:

We are pleased to be partnering with Vitol to support their LNG Bunkering business. This new charter agreement demonstrates a continued strengthening we are seeing in the market, and that Avenir continues to play a pivotal role in providing modern and efficient vessels to enable the growth of LNG as a marine fuel. We look forward starting this long-term relationship with Vitol who we will serve with the same safe, reliable and operationally excellent service that our customers have come to expect from Avenir.

Mr. Pablo Galante Escobar, Head of LNG, EMEA Gas & Power of Vitol added:

We are very pleased to have concluded this contract with Avenir, a leader in the provision of LNG Bunkering Vessels; thereby strengthening our LNG and Bio-LNG Bunkering offering to customers worldwide.

About Avenir LNG Limited

Avenir is a leading midstream LNG & BioLNG company focussed on serving small scale demand for the maritime sector, industrial consumers, and power generation. We own and operate a fleet of 5 modern LNG Bunker and Supply Vessels with 2 vessels under construction and a small-scale LNG terminal in Sardinia, Italy.

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GLEX: Notification of subscription to ongoing share issue - Primary insiders

Company news

2024-07-03 09:03:05

CEO Andrew McCann has per 10th of July 2024 subscribed for 41 667 shares in the ongoing share issue in Glex AS at the offering price of NOK 6 per share. On completion of the issue, Mr McCann will hold a total of 41 667 shares in Glex AS.

CTO and board member Jørgen Engen Napstad has subscribed for 6 667 shares. On completion of the issue, Mr Engen Napstad will directly and indirectly hold a total of 423 549 shares in Glex AS.

Board member Susanne Sperrevik has subscribed for 11 667 shares. On completion of the issue, Ms Sperrevik will directly and indirectly hold a total of 200 390 shares in Glex AS.

Further details about the share issue: www.dealflow.no/case/glex/oversikt

Enquiries to:
Andrew McCann
+47 415 07 726
andrew.mccann@glex.no

JENGAX: Protokoll fra ordinær generalforsamling

Company news

2024-07-02 19:57:28

Vedlagt protokoll fra ordinær generalforsamling.