May 15, 2024
Luxembourg – May 15, 2024 – D’AMICO INTERNATIONAL S.A. (“D’AMICO INTERNATIONAL”), which currently holds 65.65% of the share capital and voting rights of D’AMICO INTERNATIONAL SHIPPING S.A. (the “Company”), has initiated the sale of up to 6,200,000 shares of the Company, representing approximately 5% of its share capital as of May 15, 2024.
The transaction will be conducted via a placement by way of an accelerated bookbuilding process reserved to certain institutional investors (the “Placement”).
Assuming the completion of the Placement, D’AMICO INTERNATIONAL will hold approximately 60.65% of the share capital and voting rights of the Company and will remain the controlling shareholder of the Company. D’AMICO INTERNATIONAL remains committed to be the leading long-term shareholder in the Company and is a strong believer in the product tanker market. The purpose of the Placement from D’AMICO INTERNATIONAL’s perspective is to enhance the trading liquidity in the Company’s shares.
In connection with the Placement, D’AMICO INTERNATIONAL has agreed to a lock-up commitment with respect to the remaining shares it will hold following the settlement and delivery of the Placement for a period ending 180 calendar days after the settlement and delivery of the Placement, subject to certain exceptions.
The bookbuilding will start immediately and the definitive terms of the Placement (including notably the selling price) will be announced after the close of the bookbuilding process. D’AMICO INTERNATIONAL reserves the right to change the terms or timing of the Placement at any time.
Settlement of the Placement is expected to take place on May 20, 2024.
The Company’s shares are listed on Euronext STAR Milan under ISIN Code LU2592315662.
This press release does not constitute an offer to purchase shares and the disposal of shares does not constitute a public offering.