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Pricing delayed by 15 minutes

IR News


Project Ocean – Pricing

May 15, 2024

Luxembourg – May 15, 2024 – Further to the press release issued on May 15, 2024, D’AMICO INTERNATIONAL S.A. (“D’AMICO INTERNATIONAL”) announces the successful sale of a total of 6,200,000 shares of D’AMICO INTERNATIONAL SHIPPING S.A. (the “Company”), representing approximately 5% of its share capital as of May 15, 2024.

The transaction was conducted via a placement by way of an accelerated bookbuilding process reserved to certain institutional investors (the “Placement”).

The Placement was made at a price of €6.50 per share, for an aggregate consideration of €40,300,000.

As a result of the Placement, D’AMICO INTERNATIONAL holds approximately 60.65% of the share capital and voting rights of the Company and remains 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 holds 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.

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.

Linklaters acted as legal adviser to the D’AMICO INTERNATIONAL.


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