Kistefos AS has increased its holding in Rederi AB TransAtlantic
ET | Source:Rederi AB Transatlantic
This press release does not constitute a public offer to acquire shares.
This press release must not be published or distributed, directly or indirectly,
in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the
In a press release earlier today, TransAtlantic’s largest shareholder Kistefos
AS (“Kistefos”) has announced that it has acquired 342,000 B shares in
TransAtlantic, following which Kistefos, together with its subsidiary Viking
Invest AS, holds a total of 93,399,980 shares in TransAtlantic (4,937,366 A
shares and 88,462,614 B shares). The shareholding has thus increased from a
total of approx. 62.9 percent of the shares and approx. 58.5 percent of the
votes to approx. 63.2 percent of the shares and approx. 58.6 percent of the
Under the terms of previously obtained exemptions (most recently the Swedish
Security Council’s statement 2013:38 ) a mandatory bid obligation has now
arisen. Kistefos has announced its intention to return, within four weeks, with
information on any mandatory offer for the remaining shares of Transatlantic. If
such a mandatory offer is launched, the price offered will according to Kistefos
amount to SEK 5.00 per share, regardless of class of share, which according to
the press release is not lower than the highest price paid by Kistefos in the
acquisition of shares in TransAtlantic during the past six months.
TransAtlantic will provide further information in connection with the launch of
any mandatory offer.
For further information, please contact Tomas Bergendahl, CFO TransAtlantic: ph
+46 31-763 2378
or email: IR@rabt.se
Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters
in Gothenburg, Sweden and additional offices in Europe. The company is organized
into two business areas: Industrial Shipping and Viking Supply Ships. The
company has about 850 employees and the turnover in 2013 was MSEK 3,274. The
Industrial Shipping business area consists of three divisions: Container, RoRo
and Bulk. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small
Cap segment. www.rabt.se
TransAtlantic is obliged to make this information public according to the
Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om
värdepappersmarknaden and lagen om handel med finansiella instrument). The
information was submitted for publication on March 3rd, 2014 at 17.00 pm.
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