News Archive

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.