Dockwise Ltd encouraged by increased offer

Dockwise Ltd has taken notice of this morning's release on the agreement between Boskalis Westminster NV ("Boskalis") and Project Holland Fonds whereby the latter has committed to sell their shares in Dockwise for a price of Euro 18 per share, Dockwise press release said.

Dockwise is encouraged by the increase in price by 5% from Euro 17.20 to Euro 18 per share but is of the opinion that this increased price does still not sufficiently reflect the value of Dockwise ltd.

Dockwise will continue the dialogue with Boskalis on the conditions of the intended offer including their request for due diligence.