American Shipping Company (AMSC)

[TekBot]

American Shipping Company ASA: Purchase of Treasury Shares

Reference is made to American Shipping Company ASA’s (“American Shipping
Company” or “Company”) stock exchange notice on 23 June 2020 where the Company
announced its intention to purchase up to 52,000 treasury shares in connection
…

Vis børsmeldingen

with its incentive program for employees. American Shipping Company has on 24
June 2020 purchased 37,508 shares in the Company on the Oslo Stock Exchange at
an average price of NOK 25.3229 per share, which implies a total consideration
of NOK 949,811. The purchase of treasury shares was carried out in accordance
with an authorization granted by the Annual General Meeting of the Company on 27
April 2020.

Following the transaction, the Company holds a total of 37,508 treasury shares.

The information contained herein is subject to the disclosure requirements of
section 4-2 and 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA: Purchase of Treasury Shares

Reference is made to American Shipping Company ASA’s (“American Shipping
Company” or “Company”) stock exchange notice on 23 June 2020 where the Company
announced its intention to purchase up to 52,000 treasury shares in connection
…

Vis børsmeldingen

with its incentive program for employees. American Shipping Company has on 25
June 2020 purchased 14,492 shares in the Company on the Oslo Stock Exchange at
an average price of NOK 24,9311 per share, which implies a total consideration
of NOK 361,302. The purchase of treasury shares was carried out in accordance
with an authorization granted by the Annual General Meeting of the Company on 27
April 2020.

Following the transaction, the Company holds a total of 52,000 treasury shares
and has thereby completed its announced buyback programme for the Company’s
incentive programme for employees.

The information contained herein is subject to the disclosure requirements of
section 4-2 and 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA: Purchase of Treasury Shares

Reference is made to American Shipping Company ASA’s (“American Shipping
Company” or the “Company”) stock exchange notice on 25 June 2020 where the
Company announced that it had completed its up to 52,000 share buyback programme
…

Vis børsmeldingen

in connection with its incentive program for employees. Instructions have been
made on 29 June 2020, for the shares to be transferred to the relevant employees
and primary insiders in accordance with the incentive program, as further set
out in the stock exchange notice published by the Company on 23 June 2020. The
shares were allocated to the employees at an average price of NOK 20.00 per
share. Following this distribution, the Company holds 0 treasury shares.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - American Tanker, Inc.: Call notice for outstanding bonds

American Tanker, Inc (“ATI”), an indirectly wholly owned subsidiary of American Shipping Company ASA (OSE:AMSC, OTCQX:ASCJF) has today sent a call notice to Nordic Trustee AS as bond trustee for the AMTI01 bonds to redeem all outstanding bonds. Notice from Nordic Trustee is attached and outstanding bonds will be redeemed on 17th July 2020.

AMSC contacts:
…

Vis børsmeldingen

Pål Magnussen, Chief Executive Officer +47 24 13 00 04

Morten Bakke, Chief Financial Officer +47 24 13 00 87

ATI Contact:

Leigh Jaros, President & Chief Executive Officer +1 484 880 3741

Kilde

[TekBot]

Shareholder Filing - AMSC

DUMAC, Inc. hereby notifies that on behalf of its discretionary investment client, Blackwell Partners LLC - Series A (“Blackwell”), it holds discretionary proxy voting rights to shares in American Shipping Company ASA (“AMSC”) effective as of 1 June 2020, representing 9.06% of the issued share capital and voting rights (equal to 5,491,215 shares). On 23 May 2018, Blackwell acquired 441,000 shares in AMSC, after which it held 3,094,705 shares, corresponding to 5.11% of the share capital and voting rights in AMSC. As of today, Blackwell holds 5,491,215 shares in AMSC, corresponding to 9.06% of the share capital and voting rights.
…

Vis børsmeldingen

Kilde

[Kraakko]

Er du fortsatt inne i AMSC?

Kontrakter er jo sikret i minst 2-3 år frem i tid.

[nordpolen]

Nei, jeg er ikke det. Satset på en AZ-deal og skulle flytte litt over til langsiktig sparing. Slik ble det ikke (foreløpig). Men vurderer stadig inngang med andre midler. Samtidig er det risiko for en bølge 2 med covid-19. Forrige gang gikk denne til ca 15, så potensialet for en heftig dipp er der, selv om jeg ikke tror det blir så ille på en evt ny bølge.

[Kraakko]

AZ dealen kan nok dra ut ganske bra enda, tok et lite bet der selv. Men man må jo regne med at absolutt alt vil falle en del om d blir en ny hysteriebølge med covid. Da burde man være i ren cash. Når det er sagt så sitter vel amsc bare med kontrakter ut 2022 og 23, i teorien så er det jo liten nedside fundamentalt for de uansett

Men hvis AMSC legger opp til 15% utbytte yield så er det top of The class. Da er man vertfall sikret en bra gevinst bare ved å sitte rolig😉

[nordpolen]

Hva forventer man skjer etter 22/23? Vil kontraktene fornyes? Har en av partene opsjoner? Kan for lite om caset p.t.

[Kraakko]

fra Q1 “AMSC continues to enjoy downside protection with “come hell or high water” bareboat contracts, with five
product tankers secured until December 2022, four product tankers secured until December 2023 and one
shuttle tanker secured until June 2025”

“On the supply side, another ATB was sold for scrap after the quarter end and with Philly Shipyard being
awarded the training ships contract by MARAD and NASSCO building for the U.S. Navy, there will likely
be no newbuild MR tankers delivered for many years to come. With only two replacement barges entering
the market in Q2 and Q4 2020, the Jones Act tanker fleet will continue to shrink as older tonnage is facing
expensive drydocks and special surveys.”

Mao, det vil bli økt demand for tankerne til AMSC, da flere går “ut på dato” i den totale flåten. AMSC har relativt nye, da sist levert fra philly for 2-4 år siden (tatt rett fra hodet). Leste noe for et år siden om at gjensomsnittalderen på hele JA flåten begynne å nærme seg 10-20 år. Og det er vel ca maks 20år som er sett på som maksalder mener jeg, uten å være heeelt 110%.

[TekBot]

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

Lysaker, 21 August 2020

Dividend amount: USD 0.10 per share
…

Vis børsmeldingen

Declared currency: USD

Last day including right: 26 August 2020

Ex-date: 27 August 2020

Record date: 28 August 2020

Payment date: on or about 7 September 2020

Date of approval: 20 August 2020

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde

[TekBot]

American Shipping Company ASA - Second quarter financial results

Lysaker, 21 August 2020, American Shipping Company ASA (“AMSC” or the “Company”)
announces results for second quarter ending 30 June 2020.

…

Vis børsmeldingen

HIGHLIGHTS

· AMSC successfully closed a USD 305 million bank debt refinancing with new
and existing lenders at attractive and improved terms. The new debt facilities
reduce cost of capital and increase free cash flow
· Launched refinancing of the Company’s USD 220 million unsecured bond, with a
new USD 200 million bond which was successfully closed subsequent to quarter-end
at a coupon 150 basis points lower than the prior bond
· Stable Q2 financial performance with bareboat revenue of USD 21.9 million,
normalized EBITDA of USD 22.1 million and adjusted net profit of USD 3.5 million
· Backlog of secured bareboat revenue of USD 278.5 million with average
weighted tenor of 3.2 years
· Increased dividends by 25% to USD 0.10 per share backed by the Company’s
increased free cash flow

AMSC CEO, Pål Lothe Magnussen comments, “We are pleased to announce a 25%
increase in dividends this quarter. Despite the COVID-19 pandemic the company
has successfully refinanced the bond and the bank debt at considerably lower
cost, which enables us to increase dividends while at the same time strengthen
our debt service coverage. The new debt terms reflect AMSC’s predictable
platform of ten ships with contracted revenues operating in a market with stable
long term outlook.”

The full report is attached, along with the Q2 presentation.

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - Ex-dividend today

Lysaker, 27 August 2020, Ex-dividend today

Reference is made to the Company’s Q2 2020 report, regarding the Board’s
…

Vis børsmeldingen

authorization to pay a quarterly dividend of USD 0.10 per share to the
shareholders of AMSC on record as of 28 August 2020. The shares in American
Shipping Company ASA will be traded ex dividend USD 0.10 as from today, 27
August 2020. The NOK amount per share will be 0.8958 and will be paid on or
about 7 Septmeber 2020. The dividend is classified as a return of paid in
capital.

---

About American Shipping Company ASA:

Established in 2005 and listed on the OSE, AMSC is a ship owning company with
nine modern handy size product tankers and one modern handy size shuttle tanker
on long term bareboat charter with Overseas Shipholding Group (OSG). OSG
charters the vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract backlog as well as a
profit sharing agreement with OSG which offers visibility with respect to future
earnings and potential dividend capacity. The Company has an ambition to pay
attractive dividends to its shareholders. Further information is available at
www.americanshippingco.com.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA: Primary Insider Disclosure

Annette Malm Justad, chairman of the board of directors in American Shipping
Company ASA (the “Company”), has today executed an internal reorganization of
the ownership to her shares in the Company. Alama AS, a company controlled by
…

Vis børsmeldingen

Justad, has sold 4,523 shares in the Company to her wholly owned company
Homlungen AS at a purchase price of NOK 28.95 per share.

Following this transaction, Annette Malm Justad still holds, through her wholly
owned company Homlungen AS, 4,523 shares in the Company, constituting 0,001 % of
the Company’s shares and votes.

---

This information is subject of the disclosure requirements pursuant to section 4
-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

Lysaker, 20 November 2020

Dividend amount: USD 0.10 per share
…

Vis børsmeldingen

Declared currency: USD

Last day including right: 25 November 2020

Ex-date: 26 November 2020

Record date: 27 November 2020

Payment date: on or about 7 December 2020

Date of approval: 19 November 2020

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde

[TekBot]

American Shipping Company ASA - Third quarter financial results

Lysaker, 20 November 2020, American Shipping Company ASA (“AMSC” or the
“Company”) announces results for third quarter ending 30 September 2020.

…

Vis børsmeldingen

HIGHLIGHTS

· Completed refinancing of the Company’s USD 220 million unsecured bond, with
a new USD 200 million bond, at a 7.75% coupon, 150 basis points lower coupon
than the prior bond
· Stable Q3 financial performance with bareboat revenue of USD 22.2 million,
normalized EBITDA of USD 22.4 million and adjusted net profit of USD 4.6 million
· Backlog of secured bareboat revenue of USD 256 million with average weighted
tenor of 2.9 years
· Declared Q3 dividend of USD 0.10 per share, backed by the Company’s
increased free cash flow

AMSC CEO, Pål Lothe Magnussen comments, “Completing the company wide refinancing
with the USD 200 million senior unsecured bond at a much reduced interest rate
was a key milestone for American Shipping Company. The strong interest in our
refinancing from banks and bondholders is a reflection of our stable business
model, despite COVID-19 related financial market volatility.”

The full report is attached, along with the Q3 presentation.

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - Primary insider notification

Reference is made to previous stock exchange announcement of 20 November 2019
relating to Aker ASA’s (“Aker”) indirect total return swap (“TRS”) agreements
with financial exposure to 18,687,620 underlying shares in American Shipping
…

Vis børsmeldingen

Company ASA (“AMSC”), equal to 30.83 per cent of the share capital in AMSC.

Aker, through its wholly owned subsidiary Aker Capital AS, has today terminated
said agreements. Concurrently with the termination, Aker Capital AS has entered
into two new TRS agreements with Skandinaviska Enskilda Banken AB (“SEB”) and
DNB Bank ASA (“DNB”) with financial exposure to 9,182,520 and 9,505,100
underlying shares in AMSC respectively. The expiry date of the new TRS
agreements has been set to 6 December 2021. The swap prices for the contracts
with SEB and DNB are NOK 31.3717 and NOK 31.3375 per share respectively.

In addition to the financial exposure provided by the abovementioned two swap
agreements, Aker Capital AS also holds 11,557,022 shares in AMSC, equaling 19.07
per cent of the shares and votes of AMSC.

The information contained herein is subject to the disclosure requirements of
section 4-2 of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - Ex dividend today

Lysaker, 26 November 2020

Reference is made to the Company’s Q3 2020 report, regarding the Board’s
…

Vis børsmeldingen

authorization to pay a quarterly dividend of USD 0.10 per share to the
shareholders of AMSC on record as of 27 November 2020. The shares in American
Shipping Company ASA will be traded ex dividend USD 0.10 as from today, 26
November 2020. The NOK amount per share will be 0.8975 and will be paid on or
about 7 December 2020. The dividend is classified as a return of paid in
capital.

---

About American Shipping Company ASA:

Established in 2005 and listed on the OSE, AMSC is a ship owning company with
nine modern handy size product tankers and one modern handy size shuttle tanker
on long term bareboat charter with Overseas Shipholding Group (OSG). OSG
charters the vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract backlog as well as a
profit sharing agreement with OSG which offers visibility with respect to future
earnings and potential dividend capacity. The Company has an ambition to pay
attractive dividends to its shareholders. Further information is available at
www.americanshippingco.com.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

American Shipping Company ASA - PROSPECTUS APPROVED FOR LISTING OF AMERICAN TANKER, INC. BOND ISSUE WITH ISIN NO0010886328

On 15 January 2021, the Financial Supervisory Authority of Norway
(“Finanstilsynet”) approved a prospectus prepared by American Tanker, Inc.
(“ATI”), an indirectly wholly owned subsidiary of American Shipping Company ASA,
…

Vis børsmeldingen

in connection with an application for listing of the bond loan issued by ATI
with ISIN NO0010886328.

The listing prospectus is available on the company’s website
www.americanshippingco.com.

ATI Contact:

Leigh Jaros, President & Chief Executive Officer +1 484 880 3741

AMSC contacts:

Pål Magnussen, Chief Executive Officer +47 24 13 00 04

Morten Bakke, Chief Financial Officer +47 24 13 00 87

---

About American Shipping Company ASA:

Established in 2005 and listed on the OSE, AMSC is a ship owning company with
nine modern handy size product tankers and one modern handy size shuttle tanker
on long term bareboat charter with Overseas Shipholding Group (OSG). OSG
charters the vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract backlog as well as a
profit sharing agreement with OSG which offers visibility with respect to future
earnings and potential dividend capacity. The Company has an ambition to pay
attractive dividends to its shareholders. Further information is available at
www.americanshippingco.com.

IMPORTANT INFORMATION

This announcement does not constitute an offer of any of the securities
described herein. The release is not for publication or distribution, in whole
or in part directly or indirectly, in or into Australia, Canada, Japan or the
United States (including its territories and possessions, any state of the
United States and the District of Columbia) or in any other jurisdiction where
such publication or distribution is unlawful. This release is an announcement
issued pursuant to legal information obligations, and is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act. It is issued for information purposes only, and does not constitute
or form part of any offer or solicitation to purchase or subscribe for
securities, in the United States or in any other jurisdiction. The securities
mentioned herein have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the “US Securities Act”). The
securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the US Securities Act.

Kilde

[TekBot]

American Shipping Company ASA - Key information relating to the cash dividend to be paid by AMSC

Lysaker, 12 February 2021

…

Vis børsmeldingen

Dividend amount: USD 0.10 per share

Declared currency: USD

Last day including right: 17 February 2021

Ex-date: 18 February 2021

Record date: 19 February 2021

Payment date: on or about 1 March 2021

Date of approval: 11 February 2021

This information is published in accordance with the requirements of the
Continuing Obligations.

Kilde