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HAFNIA LIMITED: Exercise of options by a primary insider

Posted on by Vaseline





On 8 July 2024, Hafnia’s CFO, Perry Van Echtelt, exercised vested options under the 2022 LTIP programme. The options will be settled by transferring treasury shares to him, leaving Hafnia with 502,358 treasury shares. This notification complies with the requirements of the EU Market Abuse Regulation and the Norwegian Securities Trading Act. Hafnia, a leading tanker owner, operates more than 200 vessels that transport oil and chemicals worldwide. The company is part of the BW Group and employs more than 4,000 people.

Positive


  • The CFO has exercised vested options under the 2022 LTIP program.


  • The company will retain 502,358 of its own shares after the transaction.


  • Compliance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act.


Negative


  • No direct financial implications or business development details were provided.










SINGAPORE–(BUSINESS WIRE)– On July 8, 2024, Perry Van Echtelt, CFO and primary insider of Hafnia Limited (“Hafnia”, the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), exercised vested options granted under the Company’s “LTIP 2022” program. The exercised options will be settled by the Company through the transfer of treasury shares.

After delivery of the shares for the exercised options, the Company will own 502,358 treasury shares.

For further information please see the attached mandatory trade notification.

This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and Articles 5-12 of the Norwegian Securities Trading Act.

About Hafnia Limited:

Hafnia is one of the largest tanker owners in the world, transporting oil, oil products and chemicals for major national and international oil, chemical, trading and utility companies.

As owners and operators of over 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and charter services, pool management and a large-scale bunker desk. Hafnia has offices in Singapore, Copenhagen, HoustonAnd Dubai and currently employs over 4,000 people, both on land and at sea.

Hafnia is part of the BW Group, an international shipping group that has been active in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production for more than 80 years.

Notification of transactions by primary insiders and close associates

1

Details of the person with managerial responsibilities/person closely involved

A)

Name

 Perry Van Echtelt

2

Reason for the report

A)

Position/status

Finance Director

B)

Initials

notification/change

First mention

3

Publisher details

A)

Name

Hafnia Limited

B)

LEI

5493001KCFT0SCGJ2647

4

Transaction details: This section must be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each venue where transactions were executed.

A)

Description of the financial

instrument, type of

instrument

Identification code

 Options related to shares in Hafnia Limited (ISIN: BMG4233B1090) as underlying asset.

B)

Nature of the transaction

02381

C)

Price(s) and volume(s)

Price

 Volume

NOK 0.702381 559,588

D)

Aggregated information

– Aggregated volume: 159,588

— Aggregated volume

– Price: NOK 0.702381

– Price – Total amount: NOK 0.702381
and) Date of transaction 08.07.2024
F)

Place of transaction

 Outside a trading platform

For more information:

Michael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited








FAQ



What did Hafnia announce on July 8, 2024?

Hafnia announced that CFO Perry Van Echtelt has exercised options under the 2022 LTIP program.


How many shares will Hafnia own after the CFO exercises the option?

After the option exercise, Hafnia will own 502,358 of its own shares.


Under what legal requirements did Hafnia make this recent announcement?

The announcement was made under the EU Market Abuse Regulation and the Norwegian Securities Trading Act.


What is the ticker for Hafnia stock?

Hafnia’s ticker is ‘HAFNI’ on the OSE and ‘HAFN’ on the NYSE.


Who is Perry Van Echtelt?

Perry Van Echtelt is the Chief Financial Officer of Hafnia