News Archive

Oslo, 19 July 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has entered into an agreement to acquire a 1,740 TEU geared container vessel built in 2012 at Guangzhou Wenchong Shipyard, China (tbn "AS SELINA"). The purchase price for the vessel is USD 13.86m



Oslo, 19 July 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has entered into an agreement to acquire a 1,740 TEU geared container vessel built in 2012 at Guangzhou Wenchong Shipyard, China (tbn "AS SELINA"). The purchase price for the vessel is USD 13.86m.

Physical takeover of the vessel is anticipated to take place in the third quarter of 2018, lifting the fleet of the Company to 69 vessels.

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

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement") and the announcement on 20 June 2018 regarding the registration of the share capital increase pertaining to the 6,286,000 new shares in the Norwegian Register of Business Enteprises.

The share capital increase pertaining to the remaining 964,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 842,530,000 divided into 84,253,000 shares, each with a nominal value of NOK 10.00.



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. OTHER RESTRICTIONS ARE APPLICABLE.

MPCC – Share capital registered

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement") and the announcement on 20 June 2018 regarding the registration of the share capital increase pertaining to the 6,286,000 new shares in the Norwegian Register of Business Enteprises.

The share capital increase pertaining to the remaining 964,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 842,530,000 divided into 84,253,000 shares, each with a nominal value of NOK 10.00.

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as joint lead managers and bookrunners (the "Joint Bookrunners") in the Private Placement, and Arctic Securities AS and Crédit Agricole CIB / Swedbank in co-operation with Kepler Cheuvreux have acted as co-managers (together with the Joint Bookrunners, the "Managers").

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.

 

 

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement"). The Board of Directors of the Company has approved the share capital increase relating to the issuance of the new shares in the Private Placement.

The share capital increase pertaining to 6,286,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 832,890,000 divided into 83,289,000 shares, each with a nominal value of NOK 10.00.



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. OTHER RESTRICTIONS ARE APPLICABLE.

MPCC – Share capital registered

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement"). The Board of Directors of the Company has approved the share capital increase relating to the issuance of the new shares in the Private Placement.

The share capital increase pertaining to 6,286,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 832,890,000 divided into 83,289,000 shares, each with a nominal value of NOK 10.00.

The share capital increase pertaining to the remaining 964,000 new shares is expected to be registered with the Norwegian Register of Business Enterprises on or about 29 June 2018. A new announcement will be made when this has taken place.
DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as managers for the Private Placement.

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.

 

MPC Container Ships Invest B.V. (the "Company", together with its subsidiaries the "Group") is a wholly owned subsidiary of MPC Container Ships ASA (ticker: MPCC). The Company has issued a senior secured bond facility of total USD 200 million (the "Bond") and is incorporated as a private limited liability company and domiciled in the Netherlands, with registered address at Strawinskylaan 835, World Trade Center, Tower B, 8th floor, Amsterdam NL1077, the Netherlands and Dutch enterprise number 69545103. The principal activity of the Group is the investment in as well as operating and financing container vessels.



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. OTHER RESTRICTIONS ARE APPLICABLE.

Oslo, 14 June 2018

MPCC – MPC Container Ships Invest B.V.: Approval of Prospectus, Supplementary Prospectus and Listing of Bond

MPC Container Ships Invest B.V. (the "Company", together with its subsidiaries the "Group") is a wholly owned subsidiary of MPC Container Ships ASA (ticker: MPCC). The Company has issued a senior secured bond facility of total USD 200 million (the "Bond") and is incorporated as a private limited liability company and domiciled in the Netherlands, with registered address at Strawinskylaan 835, World Trade Center, Tower B, 8th floor, Amsterdam NL1077, the Netherlands and Dutch enterprise number 69545103. The principal activity of the Group is the investment in as well as operating and financing container vessels.

The Financial Supervisory Authority of Norway (Finanstilsynet) has inspected and approved a registration document, security note and summary constituting an approved prospectus for the Company dated 23 March 2018 (the "Prospectus"), related to the application for listing of the Bond with ISIN NO0010805872 on Oslo Børs, in accordance with the Norwegian Securities Trading Act (verdipapirhandelloven) sections 7-7 and 7-8.
Finanstilsynet is of the opinion that the registration document, security note and summary complies with the requirements of the Norwegian Securities Trading Act section 7-13, cf. the Norwegian Securities Trading Regulation (verdipapirforskriften) section 7-13 and hence the Commission  Regulation (EC) no. 809/2004 annexes IV, V, VI and XXII.

On 5 June 2018,
Finanstilsynet approved a supplement to the Prospectus (the "first Supplementary Prospectus"). The first Supplementary Prospectus has been prepared in connection with the publication of the Company's annual report 2017.

On 8 June 2018,
Finanstilsynet approved a second supplement to the Prospectus (the "second Supplementary Prospectus"). The second Supplementary Prospectus has been prepared in connection with the publication of the Company's first quarter report 2018.

The Prospectus, the first and second Supplementary Prospectus will be available on the website of MPC Container Ships ASA: www.mpc-container.com.

The first day of trading of the Bond on Oslo Børs is expected to commence today, 14 June 2018 at 09:00 hours (CEST) under the ticker code "
MPCBV ".

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

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

 

MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 7,250,000 million new shares announced on 12 June 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 54 per share.

The Private Placement will raise gross proceeds of approximately USD 50 million. The net proceeds from the Private Placement will be used to pursue future investments
in container vessels and general corporate purposes.



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

MPCC – Completed private placement

MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 7,250,000 million new shares announced on 12 June 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 54 per share.

The Private Placement will raise gross proceeds of approximately USD 50 million. The net proceeds from the Private Placement will be used to pursue future investments
in container vessels and general corporate purposes.

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as joint lead managers and bookrunners (the "Joint Bookrunners") in the Private Placement, and Arctic Securities AS and Crédit Agricole CIB / Swedbank in co-operation with Kepler Cheuvreux have acted as co-managers (together with the Joint Bookrunners, the "Managers").

CSI Beteiligungsgesellschaft mbH has been allocated 659,500 new shares in the Private Placement. After completion of the Private Placement, CSI Beteiligungsgesellschaft mbH will own 10,987,500 shares in the Company, which represents 13.04% of the Company's shares. A fund managed by STAR Capital Partnership LLP has been allocated 964,000 new shares in the Private Placement. After completion of the Private Placement, STAR Capital Partnership LLP will hold 15,634,500 shares in the Company, which represents 18.56% of the Company's shares. Pilgrim Global ICAV has been allocated 208,500 new shares in the Private Placement. After completion of the Private Placement, Pilgrim Global ICAV will own 2,992,860 shares in the Company, which represents 3.55% of the Company's shares.

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 842,530,000 divided into 84,253,000 shares, each with a nominal value of NOK 10.

Delivery of
6,286,000 of the new shares will take place on or about 18 June 2018, subject to full and timely payment being received for such shares and the registration of the share capital increase relating to the issuance of such shares with the Norwegian Register of Business Enterprises. Settlement of the remaining 964,000 of the new shares will take place on or about 28 June 2018, subject to full and timely payment being received for these shares and the registration of the share capital increase relating to the issuance of such shares with the Norwegian Register of Business Enterprises. Each set of new shares will be admitted to trading on Oslo Børs when they have been issued. The new shares will have the same ISIN as the existing shares in the Company.

In connection with the Private Placement, the Board of Directors of the Company have resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

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 no one else in connection with the Private Placement and assume no responsibility for this announcement.

The Managers or any of its respective directors, officers, employees, advisers or agents do not accept any responsibility or liability whatsoever for/or make 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.

Neither the Managers or any of its 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.

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA and Fearnley Securities AS as joint lead managers and bookrunners (the "Joint Bookrunners"), and Arctic Securities AS as co-manager (together with the Joint Bookrunners, the "Managers") to assist the Company with a private placement of up to 7,250,000 new shares with gross proceeds of a NOK equivalent of USD 40 – 50 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

MPCC - Contemplated private placement

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA and Fearnley Securities AS as joint lead managers and bookrunners (the "Joint Bookrunners"), and Arctic Securities AS as co-manager (together with the Joint Bookrunners, the "Managers") to assist the Company with a private placement of up to 7,250,000 new shares with gross proceeds of
a NOK equivalent of USD 40 – 50 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements.

The subscription price will be fixed at NOK 54 per share and the Company has been informed by the Managers that the Private Placement is covered for at least USD
40 million.

The net proceeds from the Private Placement will be used for
(i) the acquisition of container vessels; (ii) working capital; and (iii) general corporate purposes. The Company is in the final stages of concluding several vessel acquisitions to be concluded at attractive prices.

The application period for the Private Placement will commence today, 12 June 2018 at 17:00 CEST and close on 13 June 2018 at 08:00 CEST (the "Application Period"). The Company may, together with the Managers, at their own discretion, extend or shorten the Application Period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.

The allocation of new shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Joint Bookrunners. Completion of the Private Placement is subject to approval by the Board of Directors of the Company following the end of the Application Period. In connection with the Private Placement, the Board of Directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

The new shares will be delivered as soon as practically possible after the registration of the share capital increase in the
Norwegian Register of Business Enterprises, expected on or about 18 June 2018. The new shares issued in the Private Placement will be made available for trading on Oslo Børs under the Company's existing ISIN upon delivery.


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 no one else in connection with the Private Placement 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.

MPC Container Ships ASA (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 31 March 2018. Although the Group is still in the start-up phase of its operation it succeeded in realizing a net profit of USD 0.5 million for Q1 2018 (Q4 2017: USD -2.1 million).

- Total revenues in Q1 2018 were USD 28.3 million, compared to USD 13.2 million in Q4 2017.
- EBITDA was USD 7.6 million (Q4 2017: USD 0.3 million) and an operating cash flow of USD 4.8 million was realized in the first quarter of 2018 (USD 3.2 million in Q4 2017).
- Average time charter equivalent (TCE) per vessel increased to USD 9,352 per day in Q1 2018 (Q4 2017: USD 7,901), while average operating expenses (OPEX) decreased to USD 4,810 per day in Q1 2018 (Q4 2017: USD 5,255).



Oslo, 31 May 2018 - MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 31 March 2018. Although the Group is still in the start-up phase of its operation it succeeded in realizing a net profit of USD 0.5 million for Q1 2018 (Q4 2017: USD -2.1 million).

- Total revenues in Q1 2018 were USD 28.3 million, compared to USD 13.2 million in Q4 2017.
- EBITDA was USD 7.6 million (Q4 2017: USD 0.3 million) and an operating cash flow of USD 4.8 million was realized in the first quarter of 2018 (USD 3.2 million in Q4 2017).
- Average time charter equivalent (TCE) per vessel increased to USD 9,352 per day in Q1 2018 (Q4 2017: USD 7,901), while average operating expenses (OPEX) decreased to USD 4,810 per day in Q1 2018 (Q4 2017: USD 5,255).

As of 31 March 2018, the Group has acquired 64 container vessels. Of these, 59 vessels have been taken over by the balance sheet date, whereof 52 are fully consolidated and seven are operated in a joint venture.

Q1 2018 earning call:
MPC Container Ships ASA will host a webcast for the presentation of the Q1 2018 results commencing on 1 June 2018 at 15:00 hours CEST. There will be a Q&A session after the presentation.

The webcast can be accessed through the following link: https://digital.vevent.com/rt/webcastingemea/index.jsp?seid=1218

Please note that for optimal viewing, it is recommended not to use VPN, but instead to connect directly to the internet. Please disable pop-up blockers in order to view the content in its entirety.
This event is being streamed. It is recommended that you listen via your computer speakers.
International/Toll Attendee Dial In: +44(0)2071928000
Conference ID: 6836119

Further information and 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.

MPC Container Ships ASA (the "Company") will be releasing its first quarter 2018 report prior to market opening on Thursday 31 May 2018.

The Company will host a webcast for the presentation of the report commencing on 1 June 2018 at 15:00 hours CEST, followed by a Q&A session. Dial-in information for the earnings call will be made available with the release of the first quarter 2018 report.



Oslo, 30 May 2018 - MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (the "Company") will be releasing its first quarter 2018 report prior to market opening on Thursday 31 May 2018.

The Company will host a webcast for the presentation of the report commencing on 1 June 2018 at 15:00 hours CEST, followed by a Q&A session. Dial-in information for the earnings call will be made available with the release of the first quarter 2018 report.

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.

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

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.

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.

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

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

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 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.

Oslo, 28 March 2018 - MPC Container Ships ASA (MPCC, the "Company" or together with its subsidiaries the "Group") today published its annual report 2017.



Oslo, 28 March 2018 - MPC Container Ships ASA (MPCC, the "Company" or together with its subsidiaries the "Group") today published its annual report 2017:

- Total revenues in 2017 were USD 21.4 million.
- Gross profit from vessel operations was USD 2.5 million.
- Operating cash flow for 2017 was USD 3.2 million.
- The Group reports earnings before taxes (EBT) of USD -2.5 million for 2017. 


The Company will publish its interim financial report for Q1 2018 on 31 May 2018, with an analyst call scheduled for the same day. 

The annual report is available at www.mpc-container.com.

 

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


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

Oslo, 16 March 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has entered into agreements to acquire a fleet of five feeder container ships



Oslo, 16 March 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has entered into agreements to acquire a fleet of five feeder container ships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai. The fleet consists of the following vessels: Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).

The total purchase price for the vessels is USD 41.9m and will be settled in cash.

Physical takeover of the vessels is expected to take place in the first half of 2018, lifting the total fleet of the Company to 64 feeder units. The Company will establish wholly-owned subsidiaries to take over the vessels.

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

Oslo, 9 March 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has today entered into an agreement to acquire "Francoise Gilot" (tbn "AS Franziska"), a 1,350 TEU vessel built in 2005. The purchase price for the vessel is USD 6.6m.



Oslo, 9 March 2018 - MPC Container Ships ASA (OSE: MPCC, the "Company") is pleased to announce that it has today entered into an agreement to acquire "Francoise Gilot" (tbn "AS Franziska"), a 1,350 TEU vessel built in 2005. The purchase price for the vessel is USD 6.6m.

Physical takeover of the vessel is expected to take place next week, expanding the total fleet of the Company to 59 feeder vessels.

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

Oslo, 28 February 2018 - MPC Container Ships ASA (the “Company” or together with its subsidiaries “the Group”) today published its unaudited interim financial report for the three-month period ended 31 December 2017:



  • Total revenues in Q4 2017 were USD 13.2 million, compared to USD 7.0 million in Q3 2017.

  • Gross profit from vessel operations was USD 1.3 million (Q3 2017: USD 1.0 million).

  • Operating cash flow for full-year 2017 was USD 3.2 million.

  • The Group reports earnings before taxes (EBT) of USD -2.1 million for Q4 2017 (Q3 2017: USD 0.2 million).

In 2017 the charter market steadily trended upwards, however, in many segments starting from cost break-even level. The vessel portfolio of the Company benefits from this positive market trend with a certain time lag due to continuing charter commitments. Furthermore, the financial year 2017 has been the start-up year for the Company. Consequently, the results were influenced by start-up costs of the Company and costs with regards to the take-over of vessels and commencement of operations. The year was characterized by a significant number of vessels acquisitions and take-overs as well as the phasing in of vessels into service. By 31 December 2017, the Group has acquired 41 feeder container vessels. Of these, 29 has been taken over by the balance sheet day, whereof 24 are fully consolidated and 5 are operated in a joint venture.

After the balance sheet date, the Company has acquired an additional 17 vessels, bringing the fleet to a total of 58 vessels. In parallel, the positive trend in key market parameters such as idle capacity, charter rates and asset values specifically in the feeder segment continues. On this basis the Company believes that it is well positioned to significantly benefit from the expected positive market development.

Further information and contact:
MPC Container Ships ASA
Email: 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.

Oslo, 20 February 2018 – MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce the acquisition of a fleet of 14 feeder container vessels for a total purchase price of USD 139.5 million (4x 1,300 TEU, 4x 1,500 TEU, 2x 1,800 TEU, 2x 2,500 TEU, 2x 2,800 TEU). Following the expected takeover of the vessels in the course of Q1 2018, the fleet of the Company will consist of 58 vessels.




Oslo, 20 February 2018 – MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce the acquisition of a fleet of 14 feeder container vessels for a total purchase price of USD 139.5 million (4x 1,300 TEU, 4x 1,500 TEU, 2x 1,800 TEU, 2x 2,500 TEU, 2x 2,800 TEU). Following the expected takeover of the vessels in the course of Q1 2018, the fleet of the Company will consist of 58 vessels.

The committed purchase price will be settled in cash from the Company’s existing funds and the Company will establish wholly-owned subsidiaries to take over the vessels.


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

 

MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 11.75 million new shares announced on 6 February 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 50 per share.



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

MPCC – Completed private placement

 

Oslo, 7 February 2018: MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 11.75 million new shares announced on 6 February 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 50 per share.

 

The Private Placement will raise gross proceeds of approximately USD 75 million. The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes.

 

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as joint managers and bookrunners of the Private Placement (the "Managers").

 

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 770,030,000 divided into 77,003,000 shares, each with a nominal value of NOK 10.

 

The new shares to be issued under the Private Placement will initially be issued under a separate ISIN number and will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 15 February 2018. Upon approval of a listing prospectus by the Financial Supervisory Authority of Norway, the new shares will be admitted to trading on Oslo Axess and will convert to the regular ISIN number of the Company's existing shares.

 

In connection with the Private Placement, the board of directors of the Company have resolved to set aside the pre-emptive rights of the existing shareholders. The board of directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

 

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 forwardlooking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

 

The Manager is acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement.

 

The Manager or any of its respective directors, officers, employees, advisers or agents do not accept any responsibility or liability whatsoever for/or make 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.

 

Neither the Manager or any of its 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, and pursuant to the Continuing obligations of companies admitted to trading on Oslo Axess issued by the Oslo Stock Exchange.

 

 

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of a NOK equivalent of USD 50-75 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements.



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

MPCC - Contemplated private placement

 

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of a NOK equivalent of USD 50-75 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements.

 

The subscription price will be fixed at NOK 50 per share and the Company has been informed by the Managers that the Private Placement is covered for at least USD 50 million.

 

The net proceeds from the Private Placement will be used for (i) acquisition of container vessels; (ii) working capital; and (iii) general corporate purposes. The Company is in the final stages of acquiring a number of feeder container ships.

 

The application period for the Private Placement will commence today, 6 February 2018 at 18:00 CET and close on 7 February 2018 at 08:00 CET (the "Application Period"). The Company may, together with the Managers, at their own discretion, extend or shorten the Application Period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.

 

The allocation of new shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Managers. Completion of the Private Placement is subject to approval by the Board of Directors of the Company following the end of the Application Period. In connection with the Private Placement, the Board of Directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

 

The new shares will be issued on a separate ISIN on Merkur Market and will not be tradable on Oslo Axess until a listing prospectus has been approved by the Financial Supervisory Authority of Norway, expected in April 2018. The new shares will be delivered as soon as practically possible after the registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 15 February 2018.

 

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 no one else in connection with the Private Placement 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.

 

Oslo, 2 February 2018 - MPC Container Ships ASA (MPCC) through its fully owned subsidiary MPC Container Ships Invest B.V. has successfully completed a tap issue of USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872). The bonds carry a floating interest rate of 3m LIBOR + 4.75% and the total nominal amount of bonds outstanding after the tap issue will be USD 200 million. The tap issue was significantly oversubscribed. The settlement date is expected to be 13 February 2018.

Oslo, 2 February 2018 - MPC Container Ships ASA (MPCC) through its fully owned subsidiary MPC Container Ships Invest B.V. has successfully completed a tap issue of USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872). The bonds carry a floating interest rate of 3m LIBOR + 4.75% and the total nominal amount of bonds outstanding after the tap issue will be USD 200 million. The tap issue was significantly oversubscribed. The settlement date is expected to be 13 February 2018.

The net proceeds from the tap issue will be used for acquisition of additional container vessels.

DNB Markets and Fearnley Securities acted as joint lead managers in connection with the tap issue.

For further information, please contact: MPC Container Ships: ir@mpc-container.com

Oslo, 1 February 2018 - MPC Container Ships ASA (MPCC), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating a tap issue of up to USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872 with maturity 22 September 2022). The current outstanding amount is USD 100 million and the borrowing limit is USD 200 million.



Oslo, 1 February 2018 - MPC Container Ships ASA (MPCC), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating a tap issue of up to USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872 with maturity 22 September 2022). The current outstanding amount is USD 100 million and the borrowing limit is USD 200 million.

 

The net proceeds from the contemplated bond issue will be used for acquisition of additional container vessels.

 

DNB Markets and Fearnley Securities have been retained as joint lead managers for the contemplated transaction.

 

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

Oslo, 31 January 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has today entered into an agreement to acquire a 2,800 TEU vessel built in 2006 at Hyundai Mipo Dockyard, South Korea (tbn "AS CLEMENTINA"). The purchase price for the vessel is USD 10.5m



Oslo, 31 January 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has today entered into an agreement to acquire one 2,800 TEU vessel built in 2006 at Hyundai Mipo Dockyard, South Korea (tbn “AS CLEMENTINA”). The purchase price for the vessel is USD 10.5m.

Physical takeover of the vessel is anticipated to take place in the first quarter of 2018, lifting the fleet of the Company to 44 vessels.

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

Oslo, 30 January 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has entered into agreements to acquire two 2,800 TEU vessels built in 2006 at Hyundai Mipo Dockyard, South Korea (tbn "AS CAROLINA" and "AS CAMELLIA"). The total purchase price for the two vessels is USD 21.8m.



Oslo, 30 January 2018 - MPC Container Ships ASA (the "Company") is pleased to announce that it has entered into agreements to acquire two 2,800 TEU vessels built in 2006 at Hyundai Mipo Dockyard, South Korea (tbn "AS CAROLINA" and "AS CAMELLIA"). The total purchase price for the two vessels is USD 21.8m.

Physical takeover of the vessels is expected to take place in February 2018, lifting the fleet of the Company to 43 vessels.

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

Oslo, 29 January 2018 - MPC Container Ships ASA (the "Company" or "MPC Container Ships") is pleased to announce that it has obtained approval by the board of the Oslo Stock Exchange, in its meeting on 25 January 2018, for a full listing of the Company’s shares on Oslo Axess. The shares have been traded on Merkur Market since May 2017. Trading of the Company's shares on Oslo Axess has commenced today under the ticker symbol "MPCC".

 



Oslo, 29 January 2018 - MPC Container Ships ASA (the "Company" or "MPC Container Ships") is pleased to announce that it has obtained approval by the board of the Oslo Stock Exchange, in its meeting on 25 January 2018, for a full listing of the Company’s shares on Oslo Axess. The shares have been traded on Merkur Market since May 2017. Trading of the Company's shares on Oslo Axess has commenced today under the ticker symbol "MPCC".

 

Constantin Baack, Managing Director of MPC Container Ships, comments: „The listing on an authorized and fully regulated marketplace stock exchange is an important step in the development of the capital market profile of MPC Container Ships and reflects the strategy to provide our shareholders with a suitable platform for efficient secondary market trading.“

 

DNB Markets and Fearnley Securities acted as joint managers in connection with the listing process.

 

The listing prospectus approved by the Norwegian Financial Supervisory Authority is available at the Company's website: www.mpc-container.com.

 

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

Oslo, 25 January 2018 - The conversion of MPC Container Ships to a public limited liability company (ASA) was registered with the Register of Business Enterprises today. The new name of the company is MPC Container Ships ASA.



Oslo, 25 January 2018 - The conversion of MPC Container Ships to a public limited liability company (ASA) was registered with the Register of Business Enterprises today. The new name of the company is MPC Container Ships ASA.

Oslo, 25 January 2018 - MPC Container Ships ASA / MPC Container Ships Invest B.V. (the "Company") has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings commencing on Monday, 29 January 2018.

Oslo, 25 January 2018 - MPC Container Ships ASA / MPC Container Ships Invest B.V. (the "Company") has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings commencing on Monday, 29 January 2018. A USD 100 million senior secured tap issue in the Company's outstanding bonds maturing in September 2022 (ISIN NO 0010805872) may follow, subject to inter alia market conditions.

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

Oslo, 25 January 2018 - Reference is made to the stock exchange announcement published on 22 December 2017 regarding MPC Container Ships ASA's (the "Company") submission of an application for listing of the Company's shares on Oslo Axess and the stock exchange announcement published on 25 January 2018 regarding the board of directors of Oslo Børs to approve the Company's shares for listing on Oslo Axess.



Oslo, 25 January 2018 - Reference is made to the stock exchange announcement published on 22 December 2017 regarding MPC Container Ships ASA's (the "Company") submission of an application for listing of the Company's shares on Oslo Axess and the stock exchange announcement published on 25 January 2018 regarding the board of directors of Oslo Børs to approve the Company's shares for listing on Oslo Axess.

The Financial Supervisory Authority of Norway has today approved a prospectus dated 25 January 2018 (the "Prospectus") for listing of the Company's shares on Oslo Axess. The Prospectus will be available at the Company's website: www.mpc-container.com.

The first day of trading on Oslo Axess is expected to be 29 January 2018.

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12. 

Oslo Axess - Listing Prospectus

Oslo, 16 January 2018 - An extraordinary general meeting of MPC Container Ships AS ("the Company") was held on 16 January 2018 at Dronning Mauds gate 3, 0250 Oslo, Norway.

Oslo, 16 January 2018 - An extraordinary general meeting of MPC Container Ships AS ("the Company") was held on 16 January 2018 at Dronning Mauds gate 3, 0250 Oslo, Norway.

 

The general meeting adopted all resolutions on the agenda, in particular the conversion of the Company to a public limited liability company ("ASA") and the election of two new board members.

 

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

 

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 16 January 2018 at 12.00 hours (CET) at the offices of the Company at Dronning Mauds gate 3, 0250 Oslo, Norway.

 



Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 16 January 2018 at 12.00 hours (CET) at the offices of the Company at Dronning Mauds gate 3, 0250 Oslo, Norway.

 

Agenda:

1. Election of a chairperson and a person to co-sign the minutes

2. Approval of the notice and the agenda

3. Conversion of the Company to a public limited liability company

4. Additional amendments of the Company's articles of association

5. Election of board members – discharge

6. Election of observer to the Board of Directors

7. Determination of the board remuneration for the financial year 2017

8. Determination of the board remuneration for the financial year 2018

9. Approval of authorization to the board to increase the Company's share capital

10. Approval of authorization to the board to take up convertible loans

 

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 AS, Postbox 1251 Vika, N-0111 Oslo, Norway or by way of e-mail to ir@mpc-container.com no later than 15 January 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.

Oslo, 20 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Annika” and “Antigoni”, two 987 and 1,049 TEU vessels built in 2008 at Daesun Shipbuilding, South Korea.



Oslo, 20 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Annika” and “Antigoni”, two 987 and 1,049 TEU vessels built in 2008 at Daesun Shipbuilding, South Korea. The total purchase price for the two vessels is USD 16.1m.

 

Physical takeover of the vessels is expected to take place in January 2018, lifting the fleet of the Company to 41 vessels.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

Oslo, 11 December 2017 - Reference is made to the announcement on 23 November 2017 by MPC Container Ships AS (the "Company") regarding the successful completion of the private placement of 30,250,000 new shares (the "Private Placement") and the Company's extraordinary general meeting held on 4 December 2017 which approved the share capital increase relating to the issuance of the new shares in the Private Placement.



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. OTHER RESTRICTIONS ARE APPLICABLE.

MPCC-ME – Share capital registered

Oslo, 11 December 2017 - Reference is made to the announcement on 23 November 2017 by MPC Container Ships AS (the "Company") regarding the successful completion of the private placement of 30,250,000 new shares (the "Private Placement") and the Company's extraordinary general meeting held on 4 December 2017 which approved the share capital increase relating to the issuance of the new shares in the Private Placement.

 

The share capital increase has now been registered with the Norwegian Register of Business Enterprises.

 

The Company's new share capital is NOK 652,530,000 divided into 65,253,000 shares, each with a nominal value of NOK 10.00.

 

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as managers for the Private Placement.

 

 

For further information, please contact:
Constantin Baack, Managing Director, e-mail:
ir@mpc-container.com

 

About MPC Container Ships AS:
MPC Container Ships AS (ticker code "MPCC-ME") 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, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

 

 

Oslo, 11 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Vilana” (tbn “AS Cleopatra”), “Cap Pasado” (tbn “AS Christiania”) and “Cap Blanche” (tbn “AS Carlotta”).



Oslo, 11 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Vilana” (tbn “AS Cleopatra”), “Cap Pasado” (tbn “AS Christiania”) and “Cap Blanche” (tbn “AS Carlotta”), three 2,742 TEU vessels built in 2006 at Aker MTW Werft, Germany. The total purchase price for the three vessels is USD 31.9m.

 

Physical takeover of the vessels is expected to take place before year end, lifting the fleet of the Company to 39 vessels.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

An extraordinary general meeting of MPC Container Ships AS was held on 4 December 2017 at Grev Wedels plass 9, 0151 Oslo, Norway.



Oslo, 4 December 2017 - An extraordinary general meeting of MPC Container Ships AS was held on 4 December 2017 at Grev Wedels plass 9, 0151 Oslo, Norway. The general meeting adopted all resolutions on the agenda, in particular the issuance of 30.25 million new shares pursuant to the private placement announced on 23 November 2017. The minutes of the general meeting are attached to this release. Further information and contact: ir@mpc-container.com

Oslo, 30 November 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 30 September 2017.



Oslo, 30 November 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 30 September 2017:

  • Total revenues in Q3 2017 were USD 7.0 million, compared to USD 1.2 million in Q2 2017.

  • Gross profit from vessel operations was USD 1.0 million (Q2 2017: USD 0.2 million) and an operating cash flow of USD 1.1 million was realized in the third quarter of 2017 (Q2 2017: USD 0.5 million).

  • The Group reports a profit before taxes (EBT) of USD 0.2 million for Q3 2017 (Q2 2017: USD -0.4 million).


MPC Container Ship AS is in the start-up phase of its operation and the present financial performance of the Group has to be put into perspective accordingly. By 30 September 2017, the Group operated 22 feeder container vessels, whereof 17 are fully consolidated and 5 are operated in a joint venture.

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com


About MPC Container Ships AS:

MPC Container Ships AS (ticker code “MPCC-ME”) 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.

Oslo, 24 November 2017 - MPC Container Ships AS (the “Company”) has today entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million.



Oslo, 24 November 2017 - MPC Container Ships AS (the “Company”) has today entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million.

About MPC Container Ships AS:

MPC Container Ships AS (ticker code “MPCC-ME”) 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.

 

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS(the "Company") will be held on 4 December 2017 at 14.00 hours (CET) at the offices of Fearnley Business Management AS, Grev Wedels plass 9, 0151 Oslo, Norway.



Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS(the "Company") will be held on 4 December 2017 at 14.00 hours (CET) at the offices of Fearnley Business Management AS, Grev Wedels plass 9, 0151 Oslo, Norway.

 

Agenda:

1.Election of a chairperson and a person to co-sign the minutes

2.Approval of the notice and the agenda

3.Resolution to increase the share capital through a private placement

 

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 AS, Postbox 1251 Vika, N-0111 Oslo, Norway or by way of e-mail to ir@mpc-container.com no later than 1 December 2017, 12.00 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.

 

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

MPC Container Ships AS ("MPCC" or the "Company") announces the successful completion of the private placement of 30.25 million new shares announced on 22 November 2017 (the "Private Placement"). The Private Placement was completed at a subscription price of NOK 47.50 per share, which was determined through an accelerated book-building process.



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

23 November 2017: MPCC-ME – Completed private placement

 

MPC Container Ships AS ("MPCC" or the "Company") announces the successful completion of the private placement of 30.25 million new shares announced on 22 November 2017 (the "Private Placement"). The Private Placement was completed at a subscription price of NOK 47.50 per share, which was determined through an accelerated book-building process.

 

The Private Placement will raise gross proceeds of approximately USD 175 million. The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes.

 

DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS have acted as joint managers and bookrunners of the Private Placement (the "Managers").

 

Completion of the Private Placement is subject to approval by an extraordinary general meeting of the Company. The extraordinary general meeting is expected to be held on or about 4 December 2017.

 

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 652,530,000 divided into 65,253,000 shares, each with a nominal value of NOK 10.

 

The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 8 December 2017.

 

In connection with the Private Placement the board of directors of the Company proposes to set aside the pre-emptive rights of the existing shareholders. The board of directors  considers  this  to  be  in  the  best  interests  of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.


For further queries, please contact:

Constantin Baack, Managing Director, e-mail: ir@mpc-container.com


About MPC Container Ships AS:

MPC Container Ships AS (ticker code “MPCC-ME”) 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 forwardlooking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

 

The Manager is acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement.

 

The Manager or any of its respective directors, officers, employees, advisers or agents do not accept any responsibility or liability whatsoever for/or make 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.

 

Neither the Manager or any of its 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, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

 

MPC Container Ships AS ("MPCC" or the "Company") has retained DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of USD 150-200 million (the "Private Placement").



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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

22 November 2017 - MPCC-ME: Contemplated private placement

 

MPC Container Ships AS ("MPCC" or the "Company") has retained DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of USD 150-200 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements. The Company has been informed by the Managers that the contemplated minimum amount is covered within a price range of NOK 47-49.

 

The subscription price will be determined based on an accelerated book building process.

 

The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes. The Company is in the final stages of acquiring a significant number of feeder container ships.

 

The application period for the Private Placement will commence today, 22 November 2017 at 09:00 CET and close on 23 November 2017 at 08:00 CET (the "Application Period"). The Company may, at its own discretion, extend or shorten the Application Period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to the Norwegian Securities Trading Act are available.

 

The allocation of offer shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Managers. Completion of the Private Placement is subject to (i) approval by the Board of Directors of the Company of the subscription price and the allocation of the offer shares following the end of the application period and (ii) approval by an extraordinary general meeting of the Company. The extraordinary general meeting is expected to be held on or about 4 December 2017.

 

The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 8 December 2017. In connection with the Private Placement the Board of Directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

 

For further queries, please contact:

Constantin Baack, Managing Director, e-mail: ir@mpc-container.com

 

About MPC Container Ships AS:

MPC Container Ships AS (ticker code “MPCC-ME”) 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 no one else in connection with the Private Placement 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, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

Oslo, 2 November 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into an agreement to acquire “HS Liszt” (tbn "AS Filippa").



Oslo, 2 November 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into an agreement to acquire “HS Liszt” (tbn "AS Filippa"), a 1,350 TEU vessel built in 2008. The vessel has been acquired at a price of USD 6.2m.

 

Takeover of the vessel is expected in November 2017, expanding the total fleet of the Company to 26 vessels. The vessel will be operated in a 1,300 TEU high reefer pool.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

Oslo, 27 October 2017 - MPC Container Ships AS (the "Company") is pleased to announce two vessel acquisitions.



Oslo, 27 October 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has acquired a 2,564 TEU vessel (tbn "AS Petulia") built in 2008, and a 1,200 TEU vessel (tbn “AS Frida”) built in 2003. Physical takeover of the vessels is expected in November 2017. This brings the fleet of the Company to 25 vessels.

The total investment volume for the two vessels is USD 18.4m. 


Further information and contact

MPC Container Ships AS
Managing Director
Constantin Baack
Email: 
ir@mpc-container.com

Oslo, 15 September 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the period ended 30 June 2017:



Oslo, 15 September 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the period ended 30 June 2017:

  • Time charter revenues in H1 2017 were USD 1.2 million.
  • Gross profit from vessel operations was USD 0.1 million and operating cash flow was USD 0.5 million.
  • The Group reports a loss before taxes (EBT) of USD -0.4 million for H1 2017.

MPC Container Ship AS is in the start-up phase of its operation and the present financial performance of the Group is impacted by initial costs and limited charter activity. By 30 June 2017, the Group operated 12 container vessels, whereof 7 are fully consolidated and 5 are operated in a joint venture.

Financial Report H1 2017


Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com


About MPC Container Ships AS:

MPC Container Ships AS was formed in April 2017 and is listed on the Merkur Market at Oslo Stock Exchange with ticker code “MPCC-ME”. The Group´s principal activity is the ownership and operation of container ships with a focus on the feeder segment.

 

Reference is made to the press release dated 7 September 2017. MPC Container Ships Invest B.V., a wholly owned subsidiary of MPC Container Ships AS, has today successfully completed the issuance of a new senior secured bond issue of USD 100 million.



Reference is made to the press release dated 7 September 2017. MPC Container Ships Invest B.V., a wholly owned subsidiary of MPC Container Ships AS, has today successfully completed the issuance of a new senior secured bond issue of USD 100 million. The bond issue has a 5 year tenor, carries a floating interest rate of 3m LIBOR + 4.75% and has a borrowing limit of USD 200 million. The bond issue received strong demand and was oversubscribed.

 

The net proceeds from the bond issue will be used to finance acquisitions of additional container vessels and for general corporate purposes.

 

DNB Markets and Fearnley Securities acted as joint lead managers for the bond issue.

 

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

Oslo, 7 September 2017 - MPC Container Ships AS (MPCC-ME), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating the issuance of a new 5-year senior secured bond issue of USD 100 million. 



MPC Container Ships AS (MPCC-ME), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating the issuance of a new 5-year senior secured bond issue of USD 100 million.

 

The net proceeds from the contemplated bond issue will be used for acquisition of additional container vessels and general corporate purposes.

 

DNB Markets and Fearnley Securities have been retained as joint lead managers for the contemplated transaction.

MPC Container Ships: ir@mpc-container.com

DNB Markets: +47 24 16 90 30

Fearnley Securities: +47 22 93 63 65


Oslo, 4 September 2017 - MPC Container Ships AS has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings.



Oslo, 4 September 2017 - MPC Container Ships AS has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings. Following the investor meetings, a 5-year USD denominated senior secured bond issue may follow, subject to, inter alia,  market conditions.

 

For questions, please contact:

 

MPC Container Ships: ir@mpc-container.com

DNB Markets: +47 24 16 90 30

Fearnley Securities: +47 22 93 63 65

Oslo, 30 August 2017 - MPC Container Ships AS (the "Company") announced today that it has acquired six container vessels in a portfolio transaction from various owners.



Oslo, 30 August 2017 - MPC Container Ships AS (the "Company") announced today that it has acquired six container vessels in a portfolio transaction from various owners. The fleet comprises five1,300 TEU vessels and one 2,700 TEU vessel. The Company's investment for this fleet totals USD 57 million, including working capital and dry docking reserves. Given current market charter rates, all vessels generate positive operating cash flows.

This transaction brings the fleet of the Company to 20 vessels, whereof 14 are already operated by the Company. Takeover of the remaining vessels is expected to be completed by the end of September 2017.

After completion of this transaction, around 80% of the gross proceeds of USD 175 million from two equity private placements in April and June 2017 has been successfully deployed.

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

Oslo, 9 August 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has today taken over "AS Angelina"

Oslo, 9 August 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has today taken over "AS Angelina" from a German owner, a 2,127 TEU vessel built in 2007 in Germany. 

This brings the fleet operated by the Company to 14 vessels.

Ahrenkiel Steamship will be the technical ship manager, while the commercial management of the vessel will be handled by Contchart.

 

 

Further information and contact

MPC Container Ships AS
Managing Director
Constantin Baack
Email: 
ir@mpc-container.com

Oslo, 4 July 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has acquired and today taken over "Stadt Dresden"



Oslo, 4 July 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has acquired and today taken over "Stadt Dresden", a 2,742 TEU vessel built in Germany in 2006. Ahrenkiel Steamship is the technical ship manager while the commercial management of the vessel will be handled by Contchart. Upon re-delivery from her current charter employment the vessel will be re-named "AS Clara".

 

This brings the fleet operated by the Company to 13 vessels and takeover of another 2,127 TEU container ship is expected for mid July 2017.

 

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com

Oslo, 19 June 2017 - An extraordinary general meeting of MPC Container Ships AS was held on 19 June 2017 at Grev Wedels plass 9, 0151 Oslo, Norway



The general meeting adopted all resolutions on the agenda, in particular the issuance of 15,000,000 new shares pursuant to the private placement announced on 9 June 2017.

 

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

 

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 19 June 2017 at 14.00 hours at the offices of Fearnley Business Management AS, Grev Wedels plass 9, 0151 Oslo, Norway.



Agenda:

1. Election of a chairperson and a person to countersign the minutes

2. Approval of the notice and the agenda

3. Resolution to increase the share capital through a private placement

 

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 (Appendix B) to MPC CONTAINER SHIPS AS c/o Fearnley Business Management AS, Postboks 1158 Sentrum, 0170 Oslo, Norway or by way of e-mail to ir@mpc-container.com no later than 16 June 2017, 12.00 CET.

 

Shareholders may appoint a representative to attend and vote on their behalf. In this case a written and dated proxy must be provided. Shareholders will receive the attendance and proxy forms together with the convening notice by mail.

 

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

 

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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

9 June 2017 – Completed private placement

 

Oslo, 9 June 2017 - MPC Container Ships AS ("MPC" or the "Company") announces the successful completion of the private placement of 15 million new shares announced on 8 June 2017 (the "Private Placement"). The Private Placement was completed at a subscription price of NOK 43 per share.



The Private Placement will raise gross proceeds of approximately USD 75 million. The net proceeds from the Private Placement will be used to pursue future investments opportunities, hereunder acquiring additional vessels.

 

Fearnley Securities AS has acted as sole lead manager and bookrunner of the Private Placement (the "Manager").

 

Completion of the Private Placement is subject to approval by an extraordinary general meeting of the Company. The extraordinary general meeting is expected to be held on or about 19 June 2017.

 

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 350,030,000 divided into 35,003,000 shares, each with a nominal value of NOK 10.

 

The New Shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 19 June 2017.

 

In  connection  with  the Private Placement  the  board of directors of the Company proposes  to set aside the pre-emptive rights of the existing shareholders. The board of directors  considers  this  to  be  in  the  best  interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.


For further queries, please contact:

Managing Director Constantin Baack E-mail: ir@mpc-container.com


About MPC Container Ships AS: 

MPC Container Ships AS was formed in April 2017. It's 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 Management of MPC Container Ships AS has been active in the shipping industry for decades. Specifically looking at the market dynamics for the container feeder segment and analysing supply and demand patterns in intra-regional trades, a favourable development in the near to mid-term occurs in this sector. Additionally, asset values are historically low, protected by high recycling prices. The Company is registered and has its business office in Oslo, Norway.


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 Manager is acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement.

Neither the Manager 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, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

 

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. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.  

8 June 2017 - Contemplated private placement  

MPC Container Ships AS ("MPC" or the "Company") has retained Fearnley Securities AS (the "Manager") to assist the Company with a private placement of new shares with gross proceeds of USD 50-100 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements.



The subscription price will be fixed at NOK 43. Subscriptions have been received to cover the range.

MPC Capital AG and certain of its main shareholders will participate in the Private Placement and subscribe minimum of 25% of the Private Placement, up to a maximum of USD 25 million.

The net proceeds from the Private Placement will be used to pursue future investments opportunities, hereunder acquiring additional vessels and operating them.

The application period for the Private Placement will commence today, 8 June 2017 at 16:30 CET and close tomorrow, 9 June 2017 at 08:00 CET. The Company may at its own discretion extend or shorten the application period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to the Norwegian Securities Trading Act are available.

The allocation of offer shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Manager.

Completion of the Private Placement is subject to (i) approval by the Board of Directors of the Company of the subscription price and the allocation of the offer shares following the end of the application period and (ii) approval by an extraordinary general meeting of the Company. The extraordinary general meeting is expected to be held on or about 19 June 2017.

The New Shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 20 June 2017.

In connection with the Private Placement the board of directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The board of directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.


For further queries, please contact:

Managing Director Constantin Baack E-mail: ir@mpc-container.com


About MPC Container Ships AS: 

MPC Container Ships AS was formed in April 2017. It's 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 Management of MPC Container Ships AS has been active in the shipping industry for decades. Specifically looking at the market dynamics for the container feeder segment and analysing supply and demand patterns in intra-regional trades, a favourable development in the near to mid-term occurs in this sector. Additionally, asset values are historically low, protected by high recycling prices. The Company is registered and has its business office in Oslo, Norway.


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 Manager is acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement.

Neither the Manager 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, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

 

Following up on the Company’s press release dated 22 May 2017, MPC Container Ships AS ("the Company") announced today that it has acquired and taken over the 2003 built sister ships Carpathia and Cordelia (2,824 TEU) on 31 May 2017.  In addition, the acquisition of the 2003 built Mare Frio (1,200 TEU, to be renamed AS Fiona) has been finalized with expected takeover by end of June 2017.

Company presentation 06/2017



Ahrenkiel Steamship is the technical manager of the former two vessels and Columbia Shipmanagement of the latter.

The Company’s investment for these vessels totals USD 11 million (excluding working capital requirements and docking cost), whereas the Company holds a 50% interest in Carpathia and Cordelia.



About MPC Container Ships AS:

MPC Container Ships AS’ 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 AS is registered on the NOTC-list (Oslo, Norway) as of 28 April 2017 with ticker code “MPCC”.

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com

MPC Container Ships AS ("the Company") announced today the approval for admission to trading of its shares on Oslo Børs' Merkur Market. Trading is expected to commence on 31 May 2017 under the ticker symbol "MPCC-ME".



Trading is expected to commence on 31 May 2017 under the ticker symbol "MPCC-ME".

This listing reflects the Company's strategy for its shares to be listed on a reputable stock exchange and to provide its shareholder base an appropriate platform for trading.

No new shares are to be issued in connection with the admission to trading on Merkur Market. The ISIN Code NO 001 0791353 remains unchanged to the former registration on the NOTC list. In conjunction with the admission to trading, Fearnley Securities AS has acted as the financial advisor to the Company and Advokatfirmaet Wiersholm AS as the Company's Norwegian legal advisor.

The Admission Document is available on Oslo Børs' NewsPoint at www.newsweb.no

About MPC Container Ships AS:

MPC Container Ships AS’ 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 AS is registered on the NOTC-list (Oslo, Norway) as of 28 April 2017 with ticker code “MPCC”.

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com

MPC Container Ships AS (‘The Company’) announced today that it has acquired seven container vessels. The fleet consists of the 2007 and 2008 built sister ships AS Laetitia and AS Laguna (966 TEU), the 2009 built Rickmers Malaysia (1,300 TEU, to be renamed AS Fortuna), the 2004 built Rio Taku (2,556 TEU), the 2003 built sister ships AS Carinthia and Cardonia (2,824 TEU) and a further 2007 built vessel of 2,100 TEU. Five of the vessels have already been taken over, the remaining two are scheduled for delivery by end of June 2017. The Company’s investment for this fleet totaled USD 38 million.



With the exception of currently docked AS Laetitia, all ships are chartered out to liner companies at or above current market rates and employment between six to 24 months. Ahrenkiel Steamship is the technical manager of six vessels, AS Fortuna will be managed by a third party ship manager.

The Company has further agreed on terms and conditions to acquire six additional vessels, i.e. one 1,200 TEU, one 2,500 TEU and four 2,800 TEU vessels.

After completion of these transactions, including working capital and docking cost, around 80 million of the capital raised at the end of April has been successfully deployed. The company seeks to advance growth opportunities and further vessel transactions are already under negotiation.

More details on the fleet list can be found on www.mpc-container.com

Board of Directors completed

At an Extraordinary General Meeting held on 18 May 2017 in Oslo, three additional directors have been elected by the shareholders to the Company’s board:

  • Robert Knapp, Principal of Ironside Partners and Director of various investment companies,

  • Darren Maupin, Director of the Pilgrim Global ICAV and Executive Director of Anglo International Shipping Co. Ltd. and

  • Dr Ottmar Gast, Chairman of the Executive Board of Hamburg Süd.

The board consists of five members and is completed by Dr Axel Schroeder, Chairman of the Supervisory Board of MPC Capital AG and Managing Partner of MPC Group, and Ulf Holländer, CEO of MPC Capital AG. Mr. Holländer is Chairman of the Board of Directors of the Company.

About MPC Container Ships AS:

MPC Container Ships AS’ 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 AS is registered on the NOTC-list (Oslo, Norway) as of 28 April 2017 with ticker code “MPCC”.

Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com

MPC Container Ships AS (the "Company") advises that the Extraordinary General Meeting of the Shareholders of the Company was held on 18 May 2017 at 10:00 a.m. in Oslo. 



The following resolutions were passed:

- To elect Robert Knapp as a Director of the Company;

- To elect Darren Maupin as a Director of the Company;

- To elect Dr Ottmar Gast as a Director of the Company;

- To appoint Ernst & Young as the auditor of the Company.

Contact:ir@mpc-container.com

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 18 May 2017 at 10.00 hours at the offices of Fearnley Business Management AS, Grev Wedels plass 9, 0151 Oslo, Norway.



Agenda:
1. Election of a chairperson and a person to countersign the minutes
2. Approval of the notice and the agenda
3. Election of board of directors
4. Election of the auditor

Shareholders who will attend the meeting (in person or by proxy) are requested to notify the Company of this by sending the attendance form to MPC CONTAINER SHIPS AS c/o Fearnley Business Management AS, Postboks 1158 Sentrum, 0107 Oslo, Norway or by way of email to ir@mpc-container.com no later than 16 May 2017. Shareholders may appoint a representative to attend and vote on their behalf. In this case a written and dated proxy must be provided. Shareholders will receive the attendance and proxy forms together with the convening notice by mail. Inquiries may be addressed to ir@mpc-container.com.