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Ocean HeavyLift ASA Ocean HeavyLift took delivery of the vessel HeavyLift Ancora today.
HeavyLift Ancora has successfully completed the final sea trials and a submerge test in Singapore during the last three days. The seller, Songa Ancora Pte Ltd, issued Notice of Readiness early this morning (CET) and Ocean HeavyLift took ownership of the vessel at 11:22 hrs CET. As earlier indicated, the final price of the vessel is about USD 90 million.
At the same time, the private placement share-issue of 8,750,000 new shares to Spencer Energy AS and related companies, at an agreed share price of NOK 36 per share - total proceeds of NOK 315,000,000 was registered in the Norwegian Register of Business Enterprises. The new shares will be listed on Oslo Stock Exchange upon completion of a listing prospectus. The company has a market capitalisation of NOK 1.2 billion before the listing of the new shares, and NOK 1.5 billion following the listing.
HeavyLift Ancora will pick up its first cargo in Singapore on 1 July 2008.
OCEAN HEAVYLIFT ASA (OHL) is a Norwegian oil service company owning vessels suitable for dry transportation of offshore drilling rigs and offshore modules. The company is the second largest heavy lift vessel owner in the world. The company presently owns three semi-submersible heavy lift vessels, and will have four vessels in operation when the last vessel under conversion by Songa Ancora Pte Ltd is delivered. OHL was established in 2005 and listed on the Oslo Stock Exchange in May 2007.
