Avance Gas Holding Ltd – Contemplated private placement
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE UNITED STATES ), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Hamilton, Bermuda, 8 April 2021. Avance Gas Holding Ltd ( Avance Gas or the Company , OSE ticker code AGAS ) has appointed DNB Markets, a part of DNB Bank ASA, Fearnley Securities AS and Skandinaviska Enskilda Banken AB (publ), Oslo branch as Global Coordinators and ABN AMRO Bank N.V., Danske Bank A/S, Norwegian branch, and Nordea Bank Abp, filial i Norge as Joint Bookrunners (collectively and together with the Global Coordinators, the Managers ) to advise on and carry out a private
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Avance Gas Holding Ltd – NOK 555 million private placement successfully completed globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Avance Gas Holding Ltd Reports Unaudited Results for the Fourth Quarter and full year of 2020 HIGHLIGHTS
The average time charter equivalent (TCE) rate was $40,759 on a discharge to discharge basis and $36,130/day on the basis of IFRS 15 accounting standard, compared to $23,283 and $21,524/day in Q3 2020 respectively.
The full year 2020 TCE rate on the basis of IFRS 15 accounting standard was $32,418/day compared to $34,309/day. On a discharge to discharge basis, the rates were $32,862/day and $35,220/day respectively.
Daily operating expenses (OPEX) were $9,419/day, compared to $9,256/day in Q3 2020. OPEX was impacted by change of technical manager and Covid-19 related crew change expense representing approx. $900/day in both Q4 and Q3. Full year 2020 OPEX was $8,968/day, up from $7,983/day in 2019. The operating expense is expected to normalise and recover from 2021.
Avance Gas Holding Ltd Reports Unaudited Results for the Fourth Quarter and full year of 2020 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.