Belships ASA : Exact number of considerations shares related to acquiring of Sofie Victory AS

Oslo, 6 June 2019: Reference is made to the stock exchange announcement by Belships ASA (“Belships” or the “Company”) on 10 April 2019 regarding the acquisition of all shares in the single purpose company Sofie Victory AS, being the owner of M/V Sofie Victory a 63,000 dwt bulk carrier.
Of the net consideration of approximately USD 10 million, USD 2.0 million will be paid in cash while the remaining amount will be settled through issuance of new Belships shares to the sellers of Sofie Victory AS at a price of NOK 7.00 per share. The exact number of considerations shares has now been set to 10,710,220, with 8,568,176 to be delivered to EGD Ultra Eco AS and 2,142,044 to be delivered to Blossom Shipmanagement Ltd. The shares is expected to be issued by end of the second quarter 2019.
For further information, please contact Lars Christian Skarsgård, Belships CEO, phone +47 977 68 061 or e-mail
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.