Company

About us

MPC Container Ships' main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company was formed in April 2017. It is registered and has its business office in Oslo, Norway. MPC Container Ships ASA is listed on Oslo Stock Exchange with ticker code “MPCC”. 

Company presentation 04/2018

Focus

The Management of MPC Container Ships ASA has been active in the shipping industry for decades. Specifically looking at the market dynamics for the container feeder segment and analyzing supply and demand patterns in intra-regional trades, a favorable development in the near to mid-term occurs in this sector. Additionally, asset values are historically low, protected by high recycling prices.

Management

Constantin Baack, Managing Director

Constantin Baack studied business administration at the University of Hamburg and the University of Sydney and received a Graduate Diploma and a Master of Science in international business from the University of Sydney. Prior to joining the MPC Group he worked for the shipping company Hamburg Süd in Sydney and the auditing company Ernst & Young in Hamburg and Shanghai. Constantin Baack joined the MPC Group in April 2008 and since then held various managerial positions in Germany and abroad, including Head of Shipping of the MPC Group and managing director of Ahrenkiel Steamship. He was appointed as the CFO of MPC Capital AG in April 2015.


Board

Board of Directors

Ulf Holländer, Chairman 

Dr. Axel Schroeder, Director

Laura Carballo, Director

Ellen Hanetho, Director

Darren Maupin, Director

fleet

Built 2007
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Dae Sun Shipyard, South Korea
TEU 982
Reefer plugs 180
DWT 11,814
Gear Gearless
Built 2008
Yard Dae Sun Shipyard, South Korea
TEU 1,049
Reefer plugs 180
DWT 12,790
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,278
Gear Geared
Built 2005
Yard Peene-Werft GmbH, Germany
TEU 1.223
Reefer plugs 178
DWT 17,266
Gear Gearless
Built 2005
Yard Jiangsu Yangzijang Shipbuilding Co, China
TEU 1.345
Reefer plugs 449
DWT 17,350
Gear Geared
Built 2004
Yard Peene-Werft GmbH, Germany
TEU 1.223
Reefer plugs 178
DWT 17,266
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,298
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,550
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,236
Gear Geared
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,349
Gear Geared
Built 2006
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,291
Gear Geared
Built 2005
Yard Peene-Werft GmbH, Germany
TEU 1,223
Reefer plugs 178
DWT 17,281
Gear Gearless
Built 2008
Yard Jiangsu Yangzijiang Shipbuilding Co, China
TEU 1,350
Reefer plugs 445
DWT 17,350
Gear Geared
Built 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,422
Gear Gearless
Built 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,421
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,270
Gear Geared
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,278
Gear Geared
Built 2008
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 1,296
Reefer plugs 586
DWT 18,550
Gear Gearless
Built 2009
Yard Jiangsu Yangzijang
TEU 1,345
Reefer plugs 449
DWT 17,350
Gear Geared
Built 2007
Yard Peene-Werft GmbH, Germany
TEU 1.440
Reefer plugs 174
DWT 20,335
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,120
Gear Gearless
Built 2012
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 368
DWT 21,800
Gear Gearless
Built 2006
Yard Peene-Werft GmbH, Germany
TEU 1.440
Reefer plugs 174
DWT 20,291
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,281
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,206
Gear Gearless
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2007
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 300
DWT 22,314
Gear Geared
Built 2008
Yard Taizhou Kouan Shipyard Co, China
TEU 1.794
Reefer plugs 319
DWT 25,899
Gear Geared
Built 2008
Yard Taizhou Kouan Shipyard Co, China
TEU 1.794
Reefer plugs 319
DWT 25,899
Gear Geared
Built 2007
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 300
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2007
Yard Aker MTW Werft GmbH
TEU 2,127
Reefer plugs 400
DWT 30,607
Gear Geared
Built 2006
Yard STX Shipbuilding - Jinhae, South Korea
TEU 2.572
Reefer plugs 440
DWT 34,600
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,567
Gear Geared
Built 2006
Yard STX Shipbuilding – Jinhae, South Korea
TEU 2,572
Reefer plugs 440
DWT 34,495
Gear Geared
Built 2006
Yard SSW Schichau Seebeck Shipyard GmbH, Germany
TEU 2.498
Reefer plugs 400
DWT 34,393
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.566
Reefer plugs 600
DWT 34,287
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,314
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2,566
Reefer plugs 600
DWT 34,282
Gear Geared
Built 2008
Yard Xiamen Shipbuilding Industry Co Ltd
TEU 2,564
Reefer plugs 342
DWT 34,221
Gear Geared
Built 2008
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,446
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,200
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,374
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,155
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,937
Gear Gearless
Built 2006
Yard STX Shipbuilding, South Korea
TEU 2,846
Reefer plugs 586
DWT 38,608
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,159
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,929
Gear Gearless
Built 2005
Yard Aker MTW Werft, Germany
TEU 2,741
Reefer plugs 400
DWT 37,883
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,425
Gear Gearless
Built 2002
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,358
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless

News

Acquisition of three 2,500 TEU feeder container vessels / USD 200 million bond proceeds fully invested

Oslo, 22 May 2018 - MPC Container Ships ASA ("MPCC") is pleased to announce that it has entered into agreements with Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping Ltd. regarding the acquisition of MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005 at Aker MTW Werft, Germany (tbr "AS Paola"). The deal has been structured as a combined cash and share deal. MPCC will pay a total consideration of USD 11,800,000 and may at its discretion settle up to USD 2,990,000 of this amount by way of delivering new common shares in MPCC

Oslo, 22 May 2018 - MPC Container Ships ASA ("MPCC") is pleased to announce that it has entered into agreements with Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping Ltd. regarding the acquisition of MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005 at Aker MTW Werft, Germany (tbr "AS Paola"). The deal has been structured as a combined cash and share deal. MPCC will pay a total consideration of USD 11,800,000 and may at its discretion settle up to USD 2,990,000 of this amount by way of delivering new common shares in MPCC.

Additionally, MPCC has entered into agreements with Schifffahrtsgesellschaft MS "WELLE" mbH & Co. KG and Schifffahrtsgesellschaft MS "WOGE" mbH & Co. KG to acquire MV "Welle" (tbr "AS Penelope") and MV "Woge" (tbr "AS Pauline"), two gearless 2,500 TEU vessels built in 2005 and 2006 at STX Shipbuilding, Korea. The two vessels will be acquired for USD 11,000,000 each.

Physical takeover of the vessels is expected to take place in the second quarter of 2018, lifting the fleet of MPCC to a total of 68 vessels.

Of this, 40 vessels are owned and operated by MPC Container Ships Invest B.V. ("MPCC Invest"), a wholly-owned subsidiary of MPCC. MPCC Invest is pleased to announce that the proceeds of USD 200 million from the bond issue have successfully been disbursed from the Escrow Account and applied in accordance with the bond terms. MPCC Invest has now successfully taken over all vessels, including 15 initial vessels and 25 additional vessels. The acquisitions of these vessels have been financed, in part, by the bond proceeds.

MPCC Invest is incorporated as a private limited liability company and domiciled in the Netherlands. The bond issue MPC Container Ships Invest B.V. FRN Senior Secured USD 200,000,000 bonds 2017/2022 (ISIN NO 0010805872) is governed by bond terms dated 20 September 2017 as amended  by addendum no. 1 dated 12 February 2018 in connection with a tap issue between MPCC Invest as issuer and Nordic Trustee AS as trustee for the Bondholders.  

Constantin Baack, CEO of MPC Container Ships ASA, comments: "We are very pleased with the development in the past year. Within only 12 months, MPCC has become the largest owner globally of feeder container ships with a capacity of up to 3,000 TEU. During the same time charter rates in the segment have developed very positively. Although the supply and demand situation is now pointing towards a rebalancing with a much reduced idle fleet, the market continues to provide attractive acquisition opportunities. We are currently considering financing options to further grow our business, both via asset acquisitions or ship for share transactions. The recent main board listing on the Oslo Stock Exchange will make us even more interesting for global investors."

MPC Container Ships ASA was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. Since its inception, MPC Container Ships ASA successfully completed multiple rounds of funding in the capital markets. The amount raised through both equity and bond offerings currently totals USD 625 million (USD 425 million in equity, USD 200 million in bonds). The company managed to successfully deploy the capital in shipping transactions and thus built up a fleet of 68 vessels. MPC Container Ships ASA is listed on Oslo Stock Exchange with ticker code “MPCC”.

Further information and contact: ir@mpc-container.com

Listing of Shares on Oslo Børs

Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 27 April 2018 regarding the result of the offering of 75,000 existing shares in the Company and the listing of the Company's shares on Oslo Børs. 

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

 

Oslo, 3 May 2018

 

MPCC – Listing of shares on Oslo Børs

 

Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 27 April 2018 regarding the result of the offering of 75,000 existing shares in the Company and the listing of the Company's shares on Oslo Børs.

 

The Company's shares, including the 75,000 shares allocated in the offering, will be listed and tradable on Oslo Børs today 3 May from 09:00 hours CET.

 

 

For further queries, please contact: ir@mpc-container.com

 

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code “MPCC”) was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.

Result of the Offering

Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 19 April 2018 regarding the commencement of the application period in the offering of up to 75,000 existing shares in the Company (the "Offer Shares") to the public in Norway (the "Offering").

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

 

Oslo, 27 April 2018

 

MPCC – Result of the Offering

 

Reference is made to the stock exchange announcement published by MPC Container Ships ASA (the "Company") on 19 April 2018 regarding the commencement of the application period in the offering of up to 75,000 existing shares in the Company (the "Offer Shares") to the public in Norway (the "Offering").

 

The application period in the Offering expired at 16:30 hours (CET) today, 27 April 2018. Each investor was offered to subscribe for 250 Offer Shares at an offer price of NOK 44 per Offer Share or the closing price on 27 April 2018 less a discount of NOK 3 per Offer Share, whichever was the lowest, but in no event lower than NOK 40 per Offer Share. Based on the closing price of NOK 49 as of today, 27 April 2018, the offer price is NOK 44 per Offer Share.

 

The Offering was significantly oversubscribed. 75,000 Offer Shares were allocated to 300 investors at an offer price of NOK 44 per Offer Share. Subsequent the Offering, the Company fulfils the requirement for listing on Oslo Børs of at least 500 shareholders.

 

The selling shareholder, CSI Beteiligungsgesellschaft mbH, will receive the proceeds from the Offering which amount to NOK 3.3 million. Following the allocation of the Offer Shares, CSI Beteiligungsgesellschaft mbH holds 10,268,000 shares in the Company, corresponding to 13.33% of the Company's shares.

 

The Company's shares, including the Offer Shares, are expected to be admitted to trading on Oslo Børs on 3 May 2018.

 

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS are acting as managers for the Offering and the listing of the Company's shares on Oslo Børs.

 


For further queries, please contact: ir@mpc-container.com

 

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code “MPCC”) was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.

 

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

Annual General Meeting

The annual general meeting of MPC Container Ships ASA ("the Company") was held on 25 April 2018 at the Company’s offices in Dronning Mauds gate 3, 0250 Oslo, Norway.

Oslo, 25 April 2018 – The annual general meeting of MPC Container Ships ASA ("the Company") was held on 25 April 2018 at the Company’s offices in Dronning Mauds gate 3, 0250 Oslo, Norway. The general meeting adopted all resolutions on the agenda, in particular the approval of the annual accounts and directors’ report of the Company and group for 2017, the statement regarding remuneration for executive management and the board of directors’ authority to increase the Company’s share capital.

The minutes of the annual general meeting are attached to this release. Further information and contact: ir@mpc-container.com.


Minutes from general meeting

MPCC - Approval of prospectus and offering of shares

Oslo, 19 April 2018, Reference is made to the stock exchange announcement published on 21 March 2018 regarding the approval of MPC Container Ships ASA's (the "Company") application for listing of the Company's shares on Oslo Børs and the stock exchange announcement published on 7 February 2018 regarding the issuance of 11,750,000 shares in the Company in the private placement (the "Private Placement Shares").

Reference is made to the stock exchange announcement published on 21 March 2018 regarding the approval of MPC Container Ships ASA's (the "Company") application for listing of the Company's shares on Oslo Børs and the stock exchange announcement published on 7 February 2018 regarding the issuance of 11,750,000 shares in the Company in the private placement (the "Private Placement Shares").

The Financial Supervisory Authority of Norway has approved a prospectus dated 19 April 2018 (the "Prospectus") for (i) the listing of the Private Placement Shares on Oslo Axess, (ii) the subsequent listing of all of the Company's shares on Oslo Børs (the "Listing") and (iii) the offering of up to 75,000 existing shares in the Company to the public in Norway (the "Offering").

The Private Placement Shares have since their issuance been temporary listed on Merkur Market with the ticker code "MPCB-ME" and registered on the separate ISIN number 0010816002. As a consequence of the approval of the Prospectus, the Private Placement Shares will become tradable on Oslo Axess with the ticker code "MPCC" and placed on the Company's ordinary ISIN number 0010791353 from and including 20 April 2018. The last day of listing of the Private Placement Shares on Merkur Market will be today, 19 April 2018. The Private Placement Shares will be admitted to trading on Oslo Børs in connection with the Listing.

Trading in the Company's shares on Oslo Børs is expected to commence on or about 3 May 2018 at 09:00 hours (CET) under the ticker code "MPCC".

The Offering will comprise of up to 75,000 existing shares in the Company (the "Offer Shares") offered by CSI Beteiligungsgesellschaft mbH (the "Selling Shareholder") to the public in Norway. The primary purpose of the Offering is to invite a broader group of investors to purchase shares in the Company and to obtain at least 500 shareholders at the first day of listing on Oslo Børs, as required by Oslo Børs.

Each investor will be offered to subscribe for 250 Offer Shares at an offer price of NOK 44 per Offer Share or the closing price on 27 April 2018 less a discount of NOK 3 per Offer Share, whichever is lower, but in no event lower than NOK 40 per Offer Share. No allocations can be made for any other number of Offer Shares than 250 Offer Shares. Multiple applications from the same applicant in the Offering will be treated as one application.

The Offering will not comprise of any new shares in the Company.The aggregate proceeds to the Selling Shareholder, if the Offer Shares are fully applied for, will amount to approximately up to NOK 3.3 million. The Selling Shareholder currently holds 13.43% of the Company's shares and will retain a shareholding in the Company of at least 13.33% following the Offering assuming that the maximum number of Offer Shares are subscribed for in the Offering.

The application period for the Offering will commence on 20 April 2018 at 09:00 hours (CET) and close at 16:30 hours (CET) on 27 April 2018 (the "Application Period"). The Application Period may be shortened or extended.

The terms for the Offering are further set out in the Prospectus. The Prospectus, including the application form, will be available, subject to regulatory restrictions in certain jurisdictions, from 20 April 2018 at www.mpc-container.com, www.dnb.no/emisjoner and www.fearnleysecurities.no. Hard copies of the Prospectus may also be obtained free of charge at the business office of the Company.

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS are acting as managers for the Offering and the Listing (the "Managers"). Advokatfirmaet Wiersholm AS is acting as legal advisor to the Company.  For further queries, please contact: ir@mpc-container.com

About MPC Container Ships ASA:MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com.

Important Notice:
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of Australian, Canadian, Japanese, South African or United States securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law.

There will be no public offer of the securities in the United States.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

This announcement is an advertisement and does not constitute a prospectus for the purposes of Directive 2003/71/EC (as amended, together with any applicable implementing measures in any Member State, the "Prospectus Directive"). In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. Matters discussed in this announcement may constitute forward- looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. 

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. 

The Managers are acting exclusively for the Company and the Selling Shareholder, and no one else in connection with the Listing and the Offering, and assume no responsibility for this announcement. Neither the Managers or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and  howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith. 

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

Listing Prospectus

Vessel Acquisition

Oslo, 4 April 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has entered into an agreement to acquire "SITC Makassar" (tbn "AS Patricia"), a 2,496 TEU vessel built in 2006 in Germany. The vessel will be acquired for USD 9.9m, including initial working capital.

Oslo, 4 April 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has entered into an agreement to acquire "SITC Makassar" (tbn "AS Patricia"), a 2,496 TEU vessel built in 2006 in Germany. The vessel will be acquired for USD 9.9m, including initial working capital.

The vessel will be taken over by the Company’s 50/50 joint venture in the course of April 2018.


Further information and contact: ir@mpc-container.com

Notice of annual general meeting

Notice is hereby served that the annual general meeting of MPC Container Ships ASA (the "Company") will be held on 25 April 2018 at 12:00 hours (CET) at the Company's offices at Dronning Mauds gate 3, N-0250 Oslo, Norway.

Notice is hereby served that the annual general meeting of MPC Container Ships ASA (the "Company") will be held on 25 April 2018 at 12:00 hours (CET) at the Company's offices at Dronning Mauds gate 3, N-0250 Oslo, Norway.

Shareholders who will attend the general meeting (in person or by proxy) are requested to notify the Company of this by sending the attached attendance form to MPC Container Ships ASA, Postbox 1251 Vika, N-0111 Oslo, Norway or by way of e-mail to ir@mpc-container.com no later than 23 April 2018, 10:00 hours (CET).

Shareholders may appoint a proxy to attend and vote on their behalf. In this case a written and dated proxy must be provided. The enclosed proxy form may be used.

Convening Notice

Inquiries may be addressed to ir@mpc-container.com.

Investor Relations

Listing

MPC Container Ships ASA is listed on Oslo Stock Exchange (Oslo Axess) with ticker code “MPCC”. The Company has issued 65,253,000 common shares each with a par value NOK 10.00, registered in the Norwegian Central Securities Depository (VPS) with ISIN NO 001 0791353. Further, in February 2018, the Company issued 11,750,000 common shares each with a par value of NOK 10.00, temporarily traded on the Merkur Market on Oslo Stock Exchange with ticker code “MPCB-ME” and registered in the VPS with ISIN NO 001 0816002. On April 19 2018, the Norwegian Financial Supervisory Authority approved the prospectus for listing the Company’s shares on the Mainboard of the Oslo Stock Exchange. Following an application period for a small retail share offer, the Company foresees a Mainboard listing primo May 2018.


Listing Prospectus

Calendar

28.02.2018         Quarterly Report - Q4 2017 

30.03.2018         Annual Report

25.04.2018         Annual General Meeting

31.05.2018         Quarterly Report - Q1

31.08.2018         Half-yearly Report

30.11.2018         Quarterly Report - Q3

 

Analysts

The Company’s stock is covered by:



Fearnley Securities 

Analyst: Espen L. Fjermestad
Email: e.fjermestad@fearnleys.no
Phone: +47 2293 6484

DNB Markets
Analyst: Nicolay Dyvik
Email: nicolay.dyvik@dnb.no
Phone: +47 24 16 91 87

Berenberg Capital Markets

Analyst: Donald McLee

Email: Donald.mclee@berenberg-us.com

Phone: +1 646 949 9026

Contact

General

Registered / visiting address

MPC Container Ships ASA

Dronning Mauds gate 3

0250 Oslo, Norway

  

Post address

MPC Container Ships ASA
P.O. Box 1251 Vika
0111 Oslo, Norway

contact@mpc-container.com