American Shipping Company (AMSC)

[Midlang86]

Hva er fair pris på selskapet etter dette ekstra ordinære utbyttet av dette salget?
Er det slik å forstå at dette er vesentlig verdi, som ikke vil reflektere selskapet etter utbyttet, så fair pris vil ligge i 20-25 området?

[Fartin]

Blir vel idiotisk å kjøpe seg inn i dette for så å få utbytte deretter betale skatt på dette.

[Metallian]

AMSC hiver bensin på bålet nå haha:

AMSC CEO, Pål Lothe Magnussen comments, "As announced yesterday, we are pleased

that Maritime Partners, a leading Jones Act leasing company, is acquiring our

Jones Act business. AMSC’s ownership tenure has surpassed 18 years since the

ships were ordered, during which significant financial profits have been created

and provided to AMSC and its shareholders. We believe this transaction was a

good opportunity and point in time for us to reconsider capital allocation for

AMSC and strategy going forward. We will continue to own the Normand Maximus,

which is a great business to grow from as we look forward towards new

investments in the shipping and offshore markets."

[Midlang86]

Kan vel den på ask.

[Fartin]

Ja men skatten må betales uansett. Der er kun om man har eid denne lenge det er vits.

[Excession]

Du skatter ikke før du tar pengene ut av ASK, ikke engang på utbytter. Så du kan reinvestere utbytte fint fra en ASK konto. Fra investeringsselskap må du påregne 3% regelen på utbytte.

Men om du tar ut pengene fra ASK så må du jo skatte, men da betyr det ikke noe om det er utbytte eller kursstigning.

[Fartin]

Samme sak for ikz Nordnet?

Men tar man et uttak så skal det likevel skattes. Så det blir jo litt rart om man kjøper seg inn nå. Man setter inn for eks 200 kr. For utbetalt 100 kr I utbytte. Så skal staten ha 37 kroner.

Så i realiteten er 200 kr blitt verdt 163 kr?

Selv om det blir utsatt har man jo pådratt seg en svært unødvendig skatt som man ikke har hatt gevinst på?

[Excession]

Setter du 200kr i ASK. Kjøper AMSC
Får 100kr i utbytte. Så skal staten ikke ha en skit.

Tar du ut 100kr fra ASK skal staten ikke ha en skit.

Selger du AMSC si at kursen steg etter utbytte slik at du solgte for 200kr.

Du tar ut 100kr til og staten skal ikke ha en skit.

Du tar ut siste 100kr og staten skal ha 37kr.

Altså det du tar ut etter du har tatt ut innskutt skal skattes som gevinst. Men ingen skatt så lenge pengene er inne på konto.

[TekBot]

AMSC ASA - Ex dividend today

Lysaker, 29 August 2023

Reference is made to the Company’s Q2 2023 report, regarding the Board’s
…

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authorization to pay a quarterly dividend of USD 0.12 per share to the
shareholders of AMSC on record as of 30 August 2023. The shares in AMSC ASA
will be traded ex dividend USD 0.12 as from today, 29 August 2023. The NOK
amount per share will be 1.287 and will be paid on or about 7 September 2023.
The dividend is classified as a return of paid in capital.

---

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange, AMSC is a
ship owning company with nine handy size product tankers, one handy size shuttle
tanker and one subsea construction vessel on bareboat charters with various
counterparties. AMSC has a significant contract backlog, as well as profit
sharing agreements, 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.amscasa.com.

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

Kilde

[TekBot]

AMSC ASA - Notice of Extraordinary General Meeting

Lysaker, September 12, 2023 - Reference is made to announcements made on August
22, 2023 regarding the signing by AMSC ASA and Project Merchant Acquisition LLC
(the “PM Acquisition”), a newly-formed company owned and controlled by a fund
…

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managed by Maritime Partners, of a share purchase agreement for PM Acquisition’s
purchase of American Tanker Holding Company, Inc, a wholly-owned subsidiary of
AMSC ASA (the “Transaction”).

Completion of the Transaction is subject to the approval of the Transaction by
the AMSC general meeting with no less than a 2/3 majority of the shares and the
votes represented at the general meeting, which also is in line with the
recommendation in section 14 of the Norwegian Code of Practice for Corporate
Governance. The Board of Directors has resolved to convene an extraordinary
general meeting to be held on Tuesday October 3, 2023 at 09:00 (CEST) as a
virtual meeting to consider, inter alia, the Transaction. The calling notice for
the general meeting, including the board’s proposed resolutions, the unanimous
recommendation of the board, a fairness opinion from Pareto Securities AS, a
transaction presentation and a proxy form are attached to this stock exchange
notice.

The meeting will be conducted as a virtual meeting only, accessible online via
Lumi AGM. Attached to the notice is a guide for online participation. No pre
-registration is needed for attending online, but attendees must be logged in
before the meeting starts.

Company Contacts

Pål Lothe Magnussen, +47 90 54 59 59, pm@amscasa.com

About AMSC

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC is a ship owning company with nine modern handy size product
tankers, one modern handy size shuttle tanker and one subsea construction vessel
on bareboat charters with various counterparties. AMSC has a significant
contract backlog, as well as profit sharing agreements, which offers visibility
with respect to future earnings and potential dividend capacity. Following
completion of the Transaction, the only remaining vessel of the group will be
the subsea construction vessel Normand Maximus, which is chartered to a single
purpose subsidiary of Solstad Offshore ASA.

AMSC’s ambition to pay attractive dividends to its shareholders remains after
completion of the Transaction. Further information is available at
www.amscasa.com.

---

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Leigh Jaros, Controller, AMSC
ASA, on September 12, 2023 at 15:15 CET.

This communication is not an offer to sell or purchase, or the solicitation of
an offer to sell or purchase, any securities, or the solicitation of a proxy, in
any jurisdiction in which, or to any person to whom, such offer, sale or
solicitation is not authorized or would be unlawful.

Kilde

[TekBot]

AMSC ASA - Minutes from extraordinary general meeting 3 October 2023

The extraordinary general meeting of AMSC ASA was held today as a digital
meeting with online participation. All resolutions were made in accordance with
the proposals set out in the meeting notice.
…

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The minutes of the meeting are attached in Norwegian and English and are also
available on www.amscasa.com. Enclosed please also find the presentation from
the extraordinary general meeting.

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

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC is a ship owning company with nine modern handy size product
tankers, one modern handy size shuttle tanker and one subsea construction vessel
on bareboat charters with various counterparties. AMSC has a significant
contract backlog, as well as profit sharing agreements, which offers visibility
with respect to future earnings and potential dividend capacity. Following
completion of the sale of all shares in American Tanker Holding Company, Inc,
the only remaining vessel of the group will be the subsea construction vessel
Normand Maximus, which is chartered to a single purpose subsidiary of Solstad
Offshore ASA.

AMSC’s ambition to pay attractive dividends to its shareholders remains after
completion of the transaction. Further information is available at
www.amscasa.com.

Kilde

[TekBot]

AMSC ASA - COMPLETION OF THE SALE OF THE U.S. JONES ACT BUSINESS TO FUNDS MANAGED BY MARITIME PARTNERS, LLC

Lysaker, October 19, 2023 - Reference is made to the announcements made on
August 22, 2023 regarding the signing by AMSC ASA (“AMSC”) and Project Merchant
Acquisition LLC (the “Buyer”), a newly-formed company owned and controlled by a
…

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fund managed by Maritime Partners, LLC, of a share purchase agreement for the
Buyer’s purchase of American Tanker Holding Company, Inc., a wholly-owned
subsidiary of AMSC (the “Transaction”).

AMSC is pleased to announce that the Transaction was successfully completed
today. The Transaction comprised all of AMSC’s Jones Act business including the
10 MR tankers, respective bareboat contracts, secured bank debt, unsecured bond
and US corporate structure.

As previously indicated, the board of directors of AMSC intends to resolve that
USD 170 million of the cash proceeds from the Transaction are distributed to
shareholders as an additional dividend as soon as practically possible.

Company Contacts

Pål Lothe Magnussen, +47 90 54 59 59, pm@amscasa.com

About AMSC

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC owns the subsea construction vessel Normand Maximus, which is
bareboat chartered to a single purpose subsidiary of Solstad Offshore ASA.

Further information is available at www.amscasa.com.

---

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Leigh Jaros, Controller, AMSC
ASA, on October 19, 2023 at 00:45 CET.

Kilde

[TekBot]

AMSC ASA - Key information relating to the additional dividend following completion of the sale of the Jones Act business

Lysaker, October 19, 2023 - Reference is made to the announcements made earlier
today regarding the completion of the sale of the Jones Act business.

…

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The Board of Directors of AMSC ASA has today resolved, in accordance with the
authorization from the AGM on 25 April 2023, to distribute a USD 170 million
additional dividend as further described below.

Dividend amount: USD 2.366 per share

Declared currency: USD

USD/NOK Exchange rate: 11.0694

Dividends to be paid: NOK 26.19 per share

Last day including right: 23 October 2023

Ex-date: 24 October 2023

Record date: 25 October 2023

Payment date: On or about 1 November 2023

Date of approval: 19 October 2023

The additional dividend will be classified as a regular dividend.

Company Contacts

Pål Lothe Magnussen, +47 90 54 59 59, pm@amscasa.com

Morten Bakke, +47 90 09 55 94, mb@amscasa.com

About AMSC

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC owns the subsea construction vessel Normand Maximus, which is
bareboat chartered to a single purpose subsidiary of Solstad Offshore ASA.

Further information is available at www.amscasa.com.

---

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

Kilde

[TekBot]

AMSC ASA: Agreement on participation in Solstad Offshore’s refinancing transaction

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES,
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
…

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WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Lysaker, October 23, 2023 - Reference is made to the stock exchange announcement
by Solstad Offshore ASA (“SOFF”) today that Solstad Shipholding AS (“Solstad”)
has reached an agreement with Aker ASA (via its wholly owned subsidiary Aker
Capital AS, hereinafter “Aker”), AMSC ASA (“AMSC”), DNB Bank ASA (“DNB”) and
Export Finance Norway (“Eksfin”) for an overall refinancing solution which will
create a robust industrial platform going forward (the “Refinancing”).

AMSC will participate in the Refinancing through contributing 100% of the shares
in Offshore Leasing I, which owns the CSV Normand Maximus with corresponding
bareboat contract and secured bank debt, in kind, in return for new common
shares in the parent company of the new corporate structure (“Solstad NewCo”)
which will be established in connection with the Refinancing.

The Refinancing is based on a pre-money valuation of Solstad NewCo of NOK 1,500
million. AMSC’s contribution to Solstad NewCo is valued at NOK 1,000 million,
based on an enterprise value of Offshore Leasing I of USD 177.5 million per 31
December 2023, with assumed outstanding debt of USD 86.5 million. Following
completion of the transaction, AMSC expects to hold approximately 18.2% of the
shares and votes in Solstad NewCo.

The subscription price per Solstad NewCo share in the transaction will be
similar to the subscription price per share in the NOK 3.0 billion private
placements of shares in Solstad NewCo directed towards Aker and existing Solstad
shareholders, provided that if currency fluctuations result in the contribution
being valued lower than NOK 1,000 million at closing, the subscription price
will be reduced in so far as necessary to issue the agreed number of shares on
the basis of the agreed valuation of NOK 1,000 million, as further described in
the stock exchange announcement from SOFF.

In connection with the transaction, AMSC, Aker and Solstad will enter into a
shareholders’ agreement which shall give each of AMSC and Solstad the right to
appoint one board member and one observer to the board of directors of Solstad
NewCo. Aker shall have the right to appoint a majority of the board members of
Solstad NewCo. The shareholders’ agreement contains other customary provisions,
including an intent to procure that the shares in Solstad NewCo are listed on a
regulated market within 12 months from closing of the transaction.

Completion of the Refinancing, including AMSC’s contribution of the shares in
Offshore Leasing I in exchange for shares in Solstad NewCo, is subject to
customary closing conditions. Completion of the Refinancing is expected to take
place around year-end 2023.

Pål Lothe Magnussen, CEO of AMSC, commented that “We are excited to become a
significant shareholder in Solstad NewCo, and continue the cooperation with
Solstad that started last year through the acquisition and bareboat lease of the
CSV Normand Maximus. We believe Solstad NewCo is an attractrive investment for
AMSC as it maintains our exposure to the offshore industry while diversifying
from one vessel to a broader fleet of high quality CSV and AHTS vessels. Solstad
NewCo is well positioned in a strong and improving offshore market, and will
following the Refinancing be financially healthy and have a clear ambition to
initiate quarterly dividend payments in 2024.”

Pro-forma for this transaction, AMSC’s balance sheet will include about USD 60
million of cash in addition to the shares in Solstad NewCo and no external debt.
AMSC’s ambition is to continue to invest in the maritime space, seek attractive
risk/reward opportunities and intend to continue paying attractive quarterly
dividends to its shareholders. Dividend guidance for the next quarterly dividend
is $0.05 per share.

For further information and the complete details about the refinancing
transaction and terms, please refer to Solstad Offshore ASA’s announcement from
today available at: https://newsweb.oslobors.no/

AMSC ASA Contacts:

Pål Lothe Magnussen, +47 90 54 59 59, pm@amscasa.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act.

This stock exchange announcement was published by Morten Bakke, CFO, at 07:50,
October 23, 2023.

Kilde

[TekBot]

AMSC ASA - Ex-dividend today

Lysaker, 24 October 2023 - Reference is made to the Company announcement on 19
October 2023 regarding the Board’s authorization to pay an additional dividend
of USD 2.366 per share to the shareholders of AMSC on record as of 25 October
…

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2023. The shares in AMSC ASA will be traded ex dividend USD 2.366 per share as
      from today, 24 October 2023. The NOK amount per share will be 26.19 and will be
      paid on or about 1 November 2023. The additional dividend is classified as a
      regular dividend.

---

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC is a yield driven maritime investment company. The Company has an
ambition to pay attractive dividends to its shareholders. Further information is
available at www.amscasa.com.

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

Kilde

[TekBot]

AMSC ASA - Notice of Extraordinary General Meeting

Lysaker, 30 October 2023

The Board of Directors has resolved to convene an extraordinary general meeting
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to be held on Monday 20 November 2023 at 11:00 (CET) as a virtual meeting. The
proposed agenda includes distribution of dividends in Q4 2023 and Q1 2024 and
authorization to the Board of Directors for distribution of group contribution.

The meeting will be conducted as a virtual meeting only, accessible online via
Lumi AGM. Attached to the notice is a guide for online participation. No pre
-registration is needed for attending online, but attendees must be logged in
before the meeting starts. Deadline for registration of advance votes and
proxies is 17 November 2023 at 16:00 CET.

Please find attached the following documents:

· Notice of Extraordinary General Meeting 2023, incl. proxy form

· The Board of Directors’ proposed resolutions

· The audited interim balance sheet of AMSC ASA dated 18 October 2023

· Guidelines for online participation

All documents to be processed in the meeting, as well as the participation link
and guidelines for online participation, will also be made available on
www.amscasa.com.

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC is a yield driven maritime investment company. The Company has an
ambition to pay attractive dividends to its shareholders. Further information is
available at www.amscasa.com.

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 to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

---

Kilde

[TekBot]

AMSC ASA - Key information relating to payment of cash dividend in December 2023

Lysaker, 30 October 2023

Reference is made to the stock exchange notice published 30 October 2023
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regarding the notice of an extraordinary general meeting (“EGM”) in AMSC ASA on
20 November 2023, where AMSC’s Board of Directors has decided to propose to the
EGM a dividend to AMSC’s shareholders of USD 0.10 per share of which USD 0.05
per share will be paid in December 2023 and USD 0.05 per share will be paid
March 2024. Please see separate key information notice regarding the dividend
payment in March 2024.

Dividend amount: USD 0.05 per share

Declared currency: USD

Last day including right: 27 November 2023

Ex-date: 28 November 2023

Record date: 29 November 2023

Payment date: on or about 7 December 2023

Date of approval: The proposed distribution of the cash dividend is subject to
approval by the EGM of AMSC ASA to be held on 20 November 2023.

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

Kilde

[TekBot]

AMSC ASA - Key information relating to payment of cash dividend in March 2024

Lysaker, 30 October 2023

Reference is made to the stock exchange notice published 30 October 2023
…

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regarding the notice of an extraordinary general meeting (“EGM”) in AMSC ASA on
20 November 2023, where AMSC’s Board of Directors has decided to propose to the
EGM a dividend to AMSC’s shareholders of USD 0.10 per share of which USD 0.05
per share will be paid in December 2023 and USD 0.05 per share will be paid
March 2024. Please see separate key information notice regarding the dividend
payment in December 2023.

Dividend amount: USD 0.05 per share

Declared currency: USD

Last day including right: 5 March 2024

Ex-date: 6 March 2024

Record date: 7 March 2024

Payment date: on or about 15 March 2024

Date of approval: The proposed distribution of the cash dividend is subject to
approval by the EGM of AMSC ASA to be held on 20 November 2023.

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

Kilde

[TekBot]

AMSC ASA - Minutes from Extraordinary General Meeting

Lysaker, 20 November 2023

The extraordinary general meeting of AMSC ASA was held today as a virtual
…

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meeting with online participation. All resolutions were made in accordance with
the proposals set out in the meeting notice.

The minutes of the meeting are attached in Norwegian and English and are also
available on www.amscasa.com.

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

About AMSC ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange (ticker
AMSC), AMSC is a yield driven maritime investment company. The Company has an
ambition to pay attractive dividends to its shareholders. Further information is
available at www.amscasa.com.

Kilde

[TekBot]

AMSC ASA - Third quarter 2023 results

Lysaker, 21 November 2023, AMSC ASA (“AMSC” or the “Company”) announces results
for the third quarter and nine months ending 30 September 2023.

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HIGHLIGHTS

· On 22[nd] August, AMSC announced the sale of 100% of the shares in American
Tanker Holding Company (“ATHC”), which comprises all of AMSC’s Jones Act
business including the 10 tankers and corresponding bareboat charters, debt and
corporate structure. Subsequent to the quarter, the transaction closed on 18[th]
October
· In conjunction with the closing of the sale of ATHC, AMSC distributed USD
170 million in an additional dividend to shareholders on 1[st] November
· Subsequent to the quarter, on 23[rd] October, AMSC announced an agreement
with Solstad Shipholding AS (“Solstad Shipholding”) to participate in an overall
refinancing solution (“Refinancing”) by contributing 100% of its shares in
Offshore Leasing I AS (“OSL1”) which owns the CSV Normand Maximus on bareboat
charter to a subsidiary of Solstad Offshore, in return for new common shares in
the parent company of the new corporate structure (“Solstad NewCo”)
· On 20[th] November, an Extraordinary General Meeting (“EGM”) in AMSC
approved Q3 and Q4 2023 dividends of USD 0.05 per share for each quarter.
Dividends are set to paid on or about 7[th] December and 15[th] March 2024.
Dividends will be classified as return of paid in capital

AMSC CEO, Pål Lothe Magnussen comments, “The last few months have been
transformational for AMSC with the sale of our Jones Act business and conversion
of ownership in the Normand Maximus towards common shares in Solstad Newco. We
have paid a significant additional dividend to shareholders and have kept ample
liquidity for future investments. We believe there to be dividend capacity and
upside value potential in Solstad Newco as we expect the offshore market cycle
to remain strong and continue to improve. We are also proactively looking for
new investments in the maritime space to add to our dividend capacity going
forward. We are excited about the developments over the past few months and are
looking forward to continue creating shareholder value.”

The full report is attached, along with the third quarter 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