Dockwise Ltd: Currency conversion in the rights issue

Wednesday, 30. May 2012 15:18


Breda, the Netherlands, 30 May 2012. Reference is made to the rights issue of Dockwise Ltd. ("Dockwise" or the "Company") with subscription period from 16 May 2012 until 30 May 2012 at 14:00 hours (CET).

As set forth in the prospectus regarding the rights issue in Dockwise, payment for new shares by those who have subscribed on basis of subscription rights registered in the Norwegian Central Securities Depository (VPS) shall be made in NOK. The conversion to the offer price of EUR 14 to NOK has now been made, based on the EUR/NOK exchange rate according to the European Central Bank at 14:15 (CET) on 30 May 2012.

The above exchange rate amounted to NOK 7.5145 per EUR 1 and the amount payable is consequently NOK 105.20 per new share in the Company.

Allocation letters, including information on the currency conversion and the amount which will be debited from the subscribers' bank accounts by Nordea Bank Norge ASA on 6 June 2012, will be distributed on or about 31 May 2012 to those who have subscribed for new shares on basis of exercise of subscription rights registered in the Norwegian Central Securities Depository (VPS).

For further information please contact:

Fons van Lith
Tel: +31 (0)6 51 314 952 or +31 (0)76 5484116

Nordea Bank Norge ASA


About Dockwise Ltd./Dockwise Group:

Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than 1,200 people both offshore and onshore. The company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group's main commercial offices are located in the Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Genoa, Italy. The Dockwise Shipping network is supported by a global network of agents.

To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 19 purpose built, semi-submersible vessels.

Dockwise shares are listed on Oslo Børs under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.

For further information:

Important notices:

This announcement may not be used for, or in connection with, and does not constitute, an offer of, or the solicitation of an offer to buy or subscribe for, any securities to any person in Australia, Canada, Hong Kong, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The rights issue will not be made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. The securities referred to herein may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and in compliance with any applicable securities laws of any state or jurisdiction of the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, Hong Kong or Japan. There will be no public offer of the securities in the United States.

This announcement is being distributed in the UK only to, and is directed only at persons who are (i) investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Promotion Order") who are persons having professional experience in matters relating to investments, (ii) high net worth companies, unincorporated associations and others falling within Article 49 of the Promotion Order or (iii) persons to whom this announcement may otherwise lawfully be distributed without being accompanied by any further statements and/or warnings as may be required by the Promotion Order (all such persons together being referred to as "relevant persons") and accordingly is exempt from the general restriction on communications in section 21 of the Financial Services and Markets Act 2000 and, as a result of such exemptions, has not been approved by an authorised person as required by such section. Any person who (i) does not have professional experience in matters relating to investments; (ii) is not a relevant person; or (iii) has any doubt about as to whether they are an investment professional, a high net worth company or unincorporated association, or other person to whom this announcement may be lawfully distributed without it being accompanied by any further statements or warnings and/or the investment to which this announcement relates must not rely on or act upon the contents of this announcement unless, with respect to (iii) only, they take professional advice that confirms that they fall within one of those categories.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Dockwise Ltd via Thomson Reuters ONE

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