Viking Supply Ships AB extends the timeline for the rights issue

With reference to previous communication related to the ongoing financial restructuring of Viking Supply Ships A/S: Viking Supply Ships AB (the “Company”) received a confirmation from Viking Supply Ships A/S that it had obtained support for the restructuring proposal from all senior lenders, the Company said in a media release.

The restructuring proposal was however subject to final approval from the senior lenders’ credit committees.

Viking Supply Ships A/S has now obtained the necessary credit committee approvals from a majority of the senior lenders, but is still in the process of securing final agreements with all its lenders.

Viking Supply Ships AB intends to complete its ongoing rights issue based on the following time table:
2 January 2018 - Estimated date for publication of prospectus supplement
2 January 2018 - Trading in subscription rights ends
4 January 2018 - Subscription period ends
8 January 2018 - Estimated date for announcement of preliminary results of subscriptions

Subject to final agreements with all lenders as referred to above, Viking Supply Ships AB intends to reinvest the net proceeds of the rights issue in Viking Supply Ships A/S.