BREDA, THE NETHERLANDS--(Marketwire - Jun 15, 2012) - Reference is made to the offer
dated 14 May 2012 (the "Offer Document") published by Dockwise Ltd.'s
("Dockwise") wholly-owned subsidiary Dockwise White Marlin B.V. (the
regarding the unconditional mandatory offer (the "Mandatory Offer") for all
issued and outstanding shares of Fairstar Heavy Transport N.V.
Further reference is made the stock exchange announcement of 13 June 2012,
regarding an extension of the acceptance period for the Mandatory Offer
The extended Offer Period expired today, 15 June 2012 at 17:30 (CET). The
Offeror has received acceptances for 4,833,938 shares under the Mandatory
and it has acquired 301,382 shares outside the Mandatory Offer at the offer
price of NOK 9.30. Accordingly, after settlement of the Mandatory Offer,
Offeror will hold 53,874,087 shares in Fairstar, corresponding to
60.4% of the total number of outstanding shares in Fairstar.
In addition, further to the tender offer for all outstanding Fairstar bonds
under "FRN Fairstar Heavy Transport NV Senior Unsecured Bond Issue
(ISIN NO 001 059133.2), as mentioned in the stock exchange announcement of
June 2012, the Offeror has acquired approximately 32.5% of the bonds
NOK 97 million), bringing the current total holding to approximately 40.5%
the bonds (nominally, NOK 121.5 million).
Please note that the final number of acceptances under the Mandatory Offer
be subject to change due to possible corrections. As set out in the Offer
Document, the Offeror reserves the right, but shall in no event be obliged,
accept any incorrect or late delivered Acceptance Forms (as defined in the
Document), and the right to treat an Acceptance (as defined in the Offer
Document) of the Mandatory Offer as valid, in whole or in part, even though
is not entirely in order or not accompanied by the required evidence of
authority or if it is received at places other than as set out in the Offer
The completion of the Mandatory Offer is not subject to any conditions, and
settlement of the Mandatory Offer is expected to be completed by 26 June
About Dockwise Ltd./Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1,200 people both offshore and onshore. The company is the leading marine
contractor providing total transport services to the offshore, onshore and
yachting industries as well as installation services of extremely heavy
platforms. The Group is headquartered in Breda, the Netherlands. The
main commercial offices are located in the Netherlands, the United States
China with sales offices in Korea, Australia, Brazil, Russia, Singapore,
Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is
headquartered in Fort Lauderdale and has an office in Genoa, Italy. The
Shipping network is supported by a global network of agents.
To support all of its services to customers, the group also has three
engineering centers in Houston, Breda and Shanghai, manufactures specific
reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating
and owns a fleet of 19 purpose built, semi-submersible vessels.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and
NYSE Euronext Amsterdam under ticker DOCKW.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Dockwise Ltd via Thomson Reuters ONE