Reference is made to the stock exchange announcement made by Team Tankers International Ltd ("Team Tankers" or the "Company) on 28 February 2018 regarding the Company's agreements to acquire all of the outstanding shares in each of Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd (the "Transaction").
Please find attached a memorandum prepared in order to provide additional information about the Transaction and the Team Tankers group following the Transaction.
The Transaction is expected to close on or before 6 April 2018, upon which between 17 - 21 million new shares are expected to be issued as part of the consideration payable for Anglo-Atlantic Steamship Company Ltd.
The information memorandum is published as required under Section 3.5 of the Oslo Børs' Continuing Obligations for Listed Companies, and also serves as a prospectus equivalent document for the listing of such new shares, pursuant to the Norwegian Securities Trading Act section 7-4 (6).
Hamilton, Bermuda, 23 March 2018
Team Tankers International Ltd.
For further information, please contact:
Hans Feringa, President and CEO
T: +1 203 221 3420
Kevin Kilcullen, CFO
T: +1 203 221 3433
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.