27 April 2023
Stainless Tankers – Admission to trading on Euronext Growth Oslo
Following Stainless Tankers ASA’s (“Stainless Tankers” or the “Company”) recent successful private placement of 13,400,000 new shares, the Company is pleased to announce that on 26 April 2023 the Oslo Børs approved the Company’s application for admission to trading of all of its 13,500,000 shares on Euronext Growth Oslo (the “Admission”). The first day of trading in the Company's shares will be tomorrow, 28 April 2023, under the ticker "STST".
Alex Karakassis, Stainless Tankers CEO, said, “We are very pleased to deliver on our commitment to list our company’s shares on Euronext Growth Oslo, which will provide our shareholders and new investors with a more liquid market for trading in our shares.”
Andrew Hampson, Tufton CEO, said, “Tufton, as a key sponsor of Stainless Tankers, are very excited by this move to Euronext Growth Oslo and look forward to continuing to support the Company and the dedicated management team.”
Fearnley Securities AS acted as Euronext Growth Advisor and Advokatfirmaet Simonsen Vogt Wiig AS acted as legal counsel to the Company in connection with the Admission.
For more information, please contact:
Alex Karakassis, CEO
Erol Sarikaya, CFO
About Stainless Tankers ASA | www.stainlesstankers.com
Stainless Tankers ASA is a shipping company specialized in providing seaborne transportation of chemical cargoes worldwide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor friendly structure through its fleet of seven stainless steel vessels, each with an approximate total carrying capacity of 20,000dwt. The fleet is managed by Tufton, with a primary focus on maximizing earnings and distributing excess operating cashflows to shareholders.
Tufton is a leading investment manager focused on the shipping industry, with c.$1.0 bn of assets under management across a number of funds, including London-listed Tufton Oceanic Assets Limited (SHIP.LN).