Singapore, January 13, 2025
Reference is made to the stock exchange announcement made by Hafnia Limited
("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN")
on December 2, 2024, of the launch of Hafnia's program to repurchase up to
18,000,000 of the Company's shares in open market transactions for a total
amount of up to USD 100,000,000 during the period from December 2, 2024, until
no later than January 27, 2025, pursuant to an agreement with Pareto Securities
AS and its subsidiary, Pareto Securities Inc. (together, "Pareto").
For the period from and including January 6, 2025, through January 10, 2025, the
Company purchased a total of 1,293,302 shares at an average price USD 5.63 per
share. Please find below for an transaction overview.
Date Trading Venue Aggregated daily volume (number of shares) Weighted average
share price (USD) Total daily transaction value (USD)
Jan 6, 2025 OSE 260,000 5.60 1,456,535
Jan 6, 2025 NYSE 403,302 5.65 2,276,922
Jan 7, 2025 OSE 230,000 5.57 1,280,982
Jan 7, 2025 NYSE 400,000 5.68 2,270,360
Period total
OSE 490,000 5.59 2,737,517
NYSE 803,302 5.66 4,547,282
Total 1,293,302 5.63 7,284,799
Previously disclosed buy-back under the program (accumulated)
OSE 3,760,000 5.35 20,111,477
NYSE 5,376,698 5.39 28,971,504
Total 9,136,698 5.37 49,082,981
Accumulated under the buy-back program
OSE 4,250,000 5.38 22,848,994
NYSE 6,180,000 5.42 33,518,786
Total 10,430,000 5.40 56,367,781
The issuer's holding of repurchased shares:
Following the completion of the above transactions, the Company owns a total of
10,932,358 of its own shares, corresponding to 2.13% of Hafnia's total issued
share count.
Appendix:
An overview of all transactions made under the program that have been carried
out during the above-mentioned period is attached to this report and available
at www.newsweb.no.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and article 5 of the European
Market Abuse Regulation.
For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
* * *
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil
products and chemicals for major national and international oil companies,
chemical companies, as well as trading and utility companies.
As owners and operators of around 200 vessels, we offer a fully integrated
shipping platform, including technical management, commercial and chartering
services, pool management, and a large-scale bunker procurement desk. Hafnia has
offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over
4000 employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group involved in oil
and gas transportation, floating gas infrastructure, environmental technologies,
and deep-water production for over 80 years.