The Board stipulated that, prior to the first day of listing the company must satisfy the requirement for the number of shareholders as specified in section 2.4.2 of the Oslo Børs Listing Rules, or section 2.4.2 of the Oslo Axess Listing Rules as appropriate. If the requirement for the number of shareholders is not met, the company will be accepted for a listing on Oslo Axess, subject to the company satisfying Section 2.4.2 of the Oslo Axess Listing Rules and other listing requirements.
The Board authorised the Chief Executive Officer of Oslo Børs to fix the date of the first day of listing, which is to be no later than 22 May 2014.
Tanker Investments expects the first day of the Listing to be on or about 25 March 2014 (TIL – Approved prospectus – launch of bookbuilding and application period). Today Tanker Investments announced that the offering had attracted strong investor interest, that the company had decided to increase the size of the initial public offering, and that the company expected to satisfy the requirement for the number of shareholders (TIL – Status of bookbuilding and increase in size of offering).
Over the last few days, more companies have announced plans for a listing Oslo Børs:
- Vardia Insurance announced terms for its initial public offering, with bookbuilding starting next week and the first day of listing expected to be April 8.
- Avance Gas Holding announced its intention to conduct an initial public offering and listing of Avance Gas on the Oslo Stock Exchange
About Tanker Investments Ltd.:
Tanker Investments Ltd. is a specialized investment company focused on the crude oil mid-size tanker market. Tanker Investments Ltd. was formed in January 2014 by Teekay Tankers Ltd. and Teekay Corporation to opportunistically acquire, operate and sell modern secondhand mid-size tankers to benefit from cyclical fluctuations in the tanker market.