ADS Maritime Holding Plc: Update on sale-leaseback transaction

Sep 2, 2022

ADS Maritime Holding Plc (the "Company") has informed the market that it has subscribed for a 20 % stake in three LR 2/Aframax tankers in a sale-leaseback deal, which was expected to be concluded shortly (the "Transaction").

The Company has been notified by the deal manager that the seller has withdrawn from the Transaction.

These surprising turn of events, entail that the Transaction will not come to a close. While the Company regrets the termination of the Transaction, this enables the Company's pursuit of other investment opportunities.

About ADS Maritime Holding Plc
ADS Maritime Holding Plc is a public limited company listed on the Euronext Growth at the Oslo Stock Exchange (ticker ADS). The Company is incorporated and domiciled in Cyprus and has Norwegian subsidiaries based in Arendal, Norway.

ADS Maritime Holding Plc - press release