FAIRSTAR subscription period for issue closed |
| July 20, 2010 |
As described in the prospectus dated 29 June 2010 in relation to the subsequent share issue in Fairstar Heavy Transport NV ("FAIR"), the subscription period closed on Monday 19 July 2010. Eligible shareholders subscribed for 284,004 shares at a price of NOK 8.50 per share. Both the private placement, as well as the subsequent offering was managed by ABG Sundal Collier, Carnegie and SEB Enskilda. All Fairstar shareholders including those that were not offered shares in the Company’s recent 25,000,000 share Private Placement have been invited to invest new capital into the company's fleet expansion strategy.
Mark de Haas, Fairstar’s CFO commented: "Fairstar is very fortunate to have a strong shareholder base. The private placement and the subsequent issue to smaller shareholders demonstrate Fairstar’s commitment to consider all shareholders, regardless of the size of their shareholding, with respect and equal treatment."
The shares subscribed for in this issue will be allocated on 21 July 2010. Payment for the allocated shares will be on 22 July 2010. |
| FAIRSTAR releases first Half Year Financials and fleet update |
| July 22, 2010 |
| Fairstar Heavy Transport NV (FAIR) announced a decline in top line revenue as well as earnings for the first six months of 2010. Time Charter Revenues of USD 15.9 million realised EBITDA of USD 8.9 million for the Half Year. The company’s financial posi ›› |
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| FAIRSTAR subscription period for issue closed |
| July 20, 2010 |
| As described in the prospectus dated 29 June 2010 in relation to the subsequent share issue in Fairstar Heavy Transport NV ("FAIR"), the subscription period closed on Monday 19 July 2010. Eligible shareholders subscribed for 284,004 shares at a price of N ›› |
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