In notice of extraordinary general meeting dated 6 June 2013, the Board of Directors proposes a rights issue. The Board has today set the subscription price in the rights issue to be resolved by the general meeting on 27 June 2013 to NOK 4 per share. This means that the share capital of Belships ASA will be increased by NOK 45,000,000 through an issue of 22,500,000 new shares. The subscription price represents a discount to the theoretical ex-rights price (TERP) of 24 percent based on Belships’ closing share price 21 June 2013.
In an announcement dated 5 June it was informed that Belships ASA has ordered two Supramax newbuildings at Imabari Shipbuilding co. Ltd. We are pleased to inform that contract price per ship was USD 28.25 mill.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.