CPLP Shipping Holdings announces that on November 18, 2021 the transfer of all the shares of the companies “Poseidon Gas Carrier Corp.” was completed. and “Maximus Gas Carrier Corp.”, which own LNG / C Attalos liquefied natural gas and LNG / C Asklipios, respectively, from CGC Operating Corp. under the Leasing Agreement. to the Company, in the context of the disposal of the funds raised from the issuance of a Common Bond Loan amounting to 150,000,000 euros for a period of five (5) years, the bonds of which have been listed and traded in the Fixed Income Securities Category of the Regulated Market of Athens.
The company will consolidate the above companies in its financial statements in accordance with IFRS. and will prepare consolidated financial statements.
How the funds raised from the issue of KOD were distributed
CPLP Shipping Holdings announces that, from the issuance of a Common Bond Loan amounting to 150,000,000 euros for a period of five (5) years, divided into 150,000 intangible, common, anonymous bonds with a nominal value of 1,000 euros each, a total capital of 150,000,000 euros was raised. Issuance costs amounted to approximately 4,800,000 euros and reduced the total funds raised, respectively.
The certification of the payment of the raised funds was made by the Board of Directors of the Company on 22.10.2021. The raised funds were deposited and will remain deposited in the Company’s bank accounts in Dollars until their full disposal.
According to the commitments made in the relevant Prospectus approved by the Hellenic Capital Market Commission and the decision of the Company’s Board of Directors dated 22.10.2021, it is announced that the funds raised amount to one hundred and fifty million euros (€ 150,000,000), minus four million of eight hundred thousand euros (€ 4,800,000) approximately, which concerns issuance costs, were allocated until 18.11.2021 as follows:
For the sake of completeness, it is noted that the amount of € 92.6 million was disbursed in Dollars ($ 107.1 million) as the funds raised are and will remain deposited in the Company’s bank accounts in Dollars until their full disposal.
The above partial disposal of the raised funds took place on November 18, 2021 for the purchase of all the shares of the companies “Poseidon Gas Carrier Corp.” and “Maximus Gas Carrier Corp.”, which own LNG / C Attalos liquefied natural gas and LNG / C Asklipios, respectively, for $ 60,685,321 for the purchase of all of them. of shares of “Poseidon Gas Carrier Corp.” and $ 46,430,112 for the purchase of all shares of Maximus Gas Carrier Corp.
The Company will continue to inform the ATHEX Management. and the Hellenic Capital Market Commission, in accordance with the legislation in force, regarding the use of the raised funds until the full and final disposal of the raised funds. The investing public will be informed about the disposal of the raised funds through the ATHEX website, the Company and the ATHEX Daily Price Bulletin.
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Source From: Capital
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