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Eitzen Maritime Services ASA On 26 June 2008, an Extraordinary General Meeting in Eitzen Maritime Services ASA ("EMS") decided to increase the company's share capital through a share issue directed at selected shareholders ( the "Offering") that were not invited to participate in the share issue directed at selected shareholders and other investors (the "Private Placement").
From today Friday, 4 July 2008, the prospectus describing the terms in the Offering is available for shareholders and the public. The Offering is directed to the shareholders of EMS per 25 June 2008 who were not invited to participate in the Private Placement (the "Eligible Shareholders").
The prospectus will be distributed to the company's Eligible Shareholders with known address starting on 7 July 2008. It will also be available on the company's website www.ems-asa.com, and can be ordered from the company by phone +47 2400 6100. The prospectus is also kept available at the company's head office, with address Bolette Brygge 1, 0252 Oslo, Norway.
The Offering is carried out as follows:
- For every five (5) shares held as of 25 June 2008, the Eligible Shareholders can subscribe for two (2) offer shares - The subscription price is NOK 3.00 per offer share (nominal value NOK 0.25 per share) - The subscription period is 4 July - 21 July 2008
The prospectus is also issued in connection with the listing of 77,100,000 new shares on Oslo Børs ASA, each with a nominal value of NOK 0.25 per share issued in the Private Placement at a Subscription price of NOK 3.00 per Share. These Shares are not sold or offered pursuant to this prospectus.
In addition, the prospectus fulfill the requirement according to the Continuing Obligation, ref §3.5, regarding the acquisition of Seven Seas Shipchandlers LLC (ref stock exchange notice 9 June 2008)
Kaupthing ASA and Fondsfinans ASA are retained as financial advisor in connection with the issue, with Orion Securties ASA as selling agent.
For further information, please contact: Annette Malm Justad
