Ocean Yield

[TekBot]

Declaration of purchase option

Navig8 Universe is a chemical tanker built in 2013 and employed on long-term
charter to Navig8 Ltd. In the charter contract, Navig8 Ltd. has a purchase
option on the vessel after five years, which has now been declared. The
…

Vis børsmeldingen

effective purchase date is 5 October 2021 with a price of USD 18.8 million.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Invitation to webcast of Q1 2021 results

Ocean Yield ASA will publish the Q1 2021 financial results on the Oslo Stock
Exchange on Tuesday 4th May 2021 at about 20.00 CEST. We invite investors and
other interested parties to attend the webcast on Wednesday 5th May 2021.
…

Vis børsmeldingen

Webcast

· Date: Wednesday 5th May 2021
· Time: 09:00 CEST
· Link to
webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210505_1)
· PDF Presentation will be available for download at
www.oceanyield.no (https://www.oceanyield.no/Investor-Relations/Reports-and
-presentations)

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Minutes from Annual General Meeting

Ocean Yield’s annual general meeting was held today, Wednesday 21st April 2021
at the offices of law firm Schjødt AS in Ruseløkkveien 14, Oslo, Norway.

…

Vis børsmeldingen

All proposals on the agenda were adopted, cf. the notice of the Annual General
Meeting that was published on Oslo Stock Exchange on 31st March 2021.

The complete minutes of the Annual General Meeting are also available on
www.oceanyield.no (https://www.oceanyield.no/Investor-Relations/Annual-General
-Meeting).

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

EXERCISES OPTION TO PREPAY REMAINING NOK 250M ON BOND ISSUE OCY04

FRN Senior Unsecured Callable Bond Issue with maturity 21 September 2021 (ISIN
NO0010774417)

…

Vis børsmeldingen

Ocean Yield ASA (the “Company”) has today notified Nordic Trustee, who is acting
as bond trustee for the above mentioned bond issue (the “Bond Issue”) that the
Company exercises the call option in accordance with the bond agreement to
prepay the remaining NOK 250,000,000 outstanding under the Bond Issue.
Settlement will take place on 8 June 2021.

Following the prepayment, the Bond Issue OCY04 has been fully repaid.

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

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

OCY - Key information relating to full redemption of bond loan

· Issuer: Ocean Yield ASA
· ISIN for bond loan: NO0010774417
· Original maturity date: 21 September 2021
…

Vis børsmeldingen

· New maturity date: 8 June 2021
· Redemption price: 100.00%
· Other information: Bond issue OCY04

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Ocean Yield ASA : First quarter 2021 Report

Fornebu, 4[th] May 2021, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the first quarter 2021.

…

Vis børsmeldingen

Highlights

· The Board of Directors has declared a dividend of USD 5.45 cents per share.
This is an increase of USD 0.15 cents compared to the previous quarter and is
the 31st consecutive quarterly dividend.
· EBITDA for Q1 2021 was USD 42.3 million and EBITDA adjusted for finance
lease effects was USD 62.9 million.
· Net profit for the period Q1 2021 was USD 21.5 million. Adjusted net profit
for Q1 2021 was USD 19.7 million.
· Three counterparties declared purchase- or sales options in the lease
agreements for a total of USD 175.9 million during Q1. Ocean Yield will receive
net cash proceeds of about USD 51 million from the sales after repayment of
debt, of which approximately USD 10 million was received in the first quarter.
The remaining amounts will be received as the vessels are delivered throughout
Q2-Q4 2021.
· A refinancing of five car carriers on long-term charter to Höegh Autoliners
was completed during the first quarter and the loan has been extended by another
four years.
· A call notice was issued to prepay NOK 200 million of the bond issue OCY04
with maturity in September 2021 and settlement was made after the end of the
quarter. Post quarter end, another call notice was issued to prepay the
remaining NOK 250 million outstanding under OCY04 with settlement in June 2021.

Lars Solbakken, CEO of Ocean Yield, said in a comment:
"We are pleased to declare another increase in the quarterly dividends for the
first quarter 2021. Ocean Yield has a positive view on the shipping markets for
the next few years due to reduced negative effects on demand from COVID-19, a
relatively low orderbook and increasing newbuilding prices. We are actively
looking for new investments in modern fuel-efficient vessels with long-term
charter that can contribute to increase the dividend capacity. "

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Key information relating to the cash dividend to be paid by Ocean Yield ASA

· Dividend amount: USD 0.0545 per share
· Declared currency: USD
· Last day including right: 6[th] May 2021
…

Vis børsmeldingen

· Ex-date: 7[th] May 2021
· Record date: 10[th] May 2021
· Payment date: 18[th] May 2021
· Date of approval: 4[th] May 2021

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

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Ocean Yield Q1 2021 presentation

Please find attached the Q1 2021 presentation to be held tomorrow 5th May 2021
by webcast.

…

Vis børsmeldingen

Webcast

·
Time: 09:00 CEST, 5th May 2021

· Link to
Webcast (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210505_1)
· Link to
PDF (https://www.oceanyield.no/content/download/2953/31701/version/1/file/Ocean%2
0Yield%20Q1%202021%20Presentation.pdf)
· Link to Webpage (https://www.oceanyield.no/Investor-Relations/Reports-and
-presentations)

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

OCY - EX. DIVIDEND USD 0.0545 TODAY

The shares in Ocean Yield ASA will be traded ex dividend USD 0.0545 as from
today, 7[th] May 2021.

…

Vis børsmeldingen

· Issuer: Ocean Yield ASA
· Ex. date: 7[th] May
· Dividend amount: USD 0.0545
· Announced currency: USD

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

Kilde

[TekBot]

Declaration of purchase option

Navig8 Constellation is a chemical tanker built in 2013 and employed on long
-term charter to Navig8 Ltd. In the charter contract, Navig8 Ltd. has a purchase
option on the vessel after five years, which has now been declared. The
…

Vis børsmeldingen

effective purchase date is 15 November 2021 with a price of USD 18.8 million.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Renteregulering

Det er fastsatt ny rente for NO0010861594.
Ny rentesats i perioden 10.06.2021 - 10.09.2021 er 6,628.
Ticker:OCY06
…

Vis børsmeldingen

Den nye rentesats (og rentebindindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee, Cecilie Natalie Haug)

Kilde

[TekBot]

BUSINESS UPDATE

AQUISITION OF 50% OF THREE SUEZMAX TANKERS

Ocean Yield ASA (“Ocean Yield”) has entered into an agreement with Aker Capital
…

Vis børsmeldingen

AS (“Aker”) whereby Ocean Yield will acquire from Aker 50% of three suezmax
tankers currently owned 50/50 by Aker and Ocean Yield. After closing of the
transaction Ocean Yield will own 100% of the vessels, which have long-term
charters to Nordic American Tankers Ltd.

Total book value for the vessels as per Q2 2021 will be approximately USD 107
million and Ocean Yield will pay USD 5.9 million for Aker’s 50% share of the
equity in the company. The transaction is conducted on arm’s lengths basis and
in accordance with Ocean Yield’s principles for related party transactions.
Skandinaviska Enskilda Banken AB has provided a fairness opinion for Ocean
Yield.

The transaction is expected to close early in July and are subject to final
documentation.

SALE OF TWO VLCCs

Nissos Santorini and Nissos Antiparos are VLCCs built in 2019 and employed on
long-term charters to Okeanis Eco Tankers Corp. (“OET”).

In the charter contracts, OET has options to sell the VLCCs to third parties,
which have now been declared. Ocean Yield will receive proceeds of about USD 138
million and record a small book profit from the sales. Net cash proceeds after
repayment of outstanding debt will be about USD 30 million. Delivery of the
vessels is expected to take place during Q3 and Q4 2021.

The intention is to reinvest the net cash proceeds into new vessels with long
-term charters.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Declaration of purchase option

Navig8 Tanzanite is a chemical tanker built in 2016 and employed on a long-term
charter to Navig8 Chemical Tankers Inc.

…

Vis børsmeldingen

In the contract, Navig8 Chemical Tankers Inc. has a purchase option on the
vessel after five years, which has now been declared. The effective purchase
date is 25th November 2021 with a price of USD 30.7 million. Ocean Yield ASA
will receive net cash proceeds after repayment of debt related to the vessel of
about USD 12 million. The intention is to reinvest the net cash proceeds into
new vessels with long-term charters.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Acquisition of 49.9% interest in one dual-fuel container vessel with 18-year charter

Ocean Yield ASA (“Ocean Yield”) has agreed to acquire 49.9% equity interest in
one dual-fuel newbuilding container vessel with 18-year bareboat charter to a
major European container line.
…

Vis børsmeldingen

The vessel, with a capacity of 15,300 TEUs is under construction at Hyundai
Heavy Industries in Korea and is expected to be delivered in Q3 2022. The vessel
will be fitted with a dual-fuel engine and will be able to operate on LNG. The
vessel will commence its 18- year bareboat charter to a major European container
line upon delivery.

The investment will be made through Box Holdings Inc., a joint venture between
Ocean Yield and Quantum Pacific Shipping formed in 2016, which already owns six
mega container vessels with long-term charters. The transaction is subject to
final documentation.

Box Holdings Inc. is concurrently working on a refinancing of the bank debt
relating to the six mega container vessels it currently owns, which is expected
to release a significant cash amount that can be made available for new
investments and or dividends to the shareholders. It is expected that this
refinancing will close during Q3 2021.

Quantum Pacific Shipping is part of the global Quantum Pacific Group, whose
interests span a diverse set of industries including energy, natural resources,
automotive, sports, medical technologies as well as shipping. Quantum Pacific
Shipping’s fleet is managed by Singapore-based Eastern Pacific Shipping. With a
history spanning over 60 years, Eastern Pacific Shipping today manages over 180
vessels and 18 million deadweight-tonnes across the dry bulk, container vessel,
and tanker segments.

CEO of Ocean Yield, Lars Solbakken said in a comment: “We are pleased to expand
our partnership with Quantum Pacific Shipping, a group with extensive experience
in the container segment and an excellent reputation. This investment will
contribute to further increase our charter backlog and future dividend
capacity.”

CEO of Eastern Pacific Shipping, Cyril Ducau, stated: “We are happy to again
partner with Ocean Yield on this exciting project. Our relationship has only
become stronger over time, and we look forward to continuing to grow our
business together going forward.”

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Invitation to webcast of Q2 2021 results

Ocean Yield ASA will publish the Q2 2021 financial results on the Oslo Stock
Exchange on Monday 12th July 2021 at about 20.00 CEST. We invite investors and
other interested parties to attend the webcast on Tuesday 13th July 2021.
…

Vis børsmeldingen

Webcast

· Date: Tuesday 13th July 2021
· Time: 09:00 CEST
· Link to
Webcast (https://channel.royalcast.com/landingpage/hegnarmedia/20210713_4/)
· PDF presentation will be available for download at
www.oceanyield.no (https://www.oceanyield.no/Investor-Relations/Reports-and
-presentations)

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Second Quarter and first half year results 2021

Fornebu, 12[th] July 2021, Ocean Yield ASA (“Ocean Yield” or the “Company”)
announces results for the second quarter and the first half year ending 30[th]
June 2021.
…

Vis børsmeldingen

Highlights

· The Board of Directors has declared a dividend of USD 5.70 cents per share.
This is an increase of USD 0.25 cents compared to the previous quarter and is
the 32nd consecutive quarterly dividend.
· EBITDA for Q2 2021 was USD 45.2 million and EBITDA adjusted for finance
lease effects was USD 64.8 million. For the first half 2021, EBITDA was USD 87.5
million and EBITDA adjusted for finance lease effects was USD 127.7 million.
· Net profit for the period Q2 2021 was USD 26.2 million. Adjusted net profit
for Q1 2021 was USD 24.3 million. For the first half 2021, net profit was USD
47.7 million and adjusted net profit was USD 44.0 million.
· Agreed to acquire 50% equity interest in three Suezmax tankers with long
-term charter from Aker Capital AS.
· Navig8 Ltd. and Navig8 Chemical Tankers Inc. declared the five year purchase
options for the vessels Navig8 Constellation and Navig8 Tanzanite.
· Okeanis Eco Tankers Corp., declared options to sell two VLCCs to an
unrelated third party.
· The bond issue OCY04, which had NOK 450 million outstanding and final
maturity in September 2021, was prepaid in full during the second quarter.
· Post quarter end, Ocean Yield agreed to acquire 49.9% equity interest in one
15,300 TEU newbuilding container vessel with 18-year charter.
· Signed a refinancing of one loan facility relating to four feeder container
vessels, which will result in an additional USD 17 million of liquidity.

Lars Solbakken, CEO of Ocean Yield, said in a comment:
“We are pleased to report a strong net profit for the second quarter and another
increase in dividends. With a sound balance sheet and liquidity position, the
Company is well positioned for future growth.”

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[TekBot]

Key information relating to the cash dividend to be paid by Ocean Yield ASA

· Dividend amount: USD 0.0570 per share
· Declared currency: USD
· Last day including right: 14[th] July 2021
…

Vis børsmeldingen

· Ex-date: 15[th] July 2021
· Record date: 16[th] July 2021
· Payment date: 26[th ]July 2021
· Date of approval: 12[th] July 2021

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

Kilde

[TekBot]

Ocean Yield Q2 2021 Presentation

Please find attached the Q2 2021 presentation to be held tomorrow 12th July 2021
by webcast.

…

Vis børsmeldingen

Webcast

·
Time: 09:00 CEST, 12th July 2021

· Link to
webcast (http://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210713_4)
· Link to
PDF (https://www.oceanyield.no/content/download/3047/32290/version/1/file/Ocean%
20Yield%20Q2%202021%20Presentation.pdf)
· Link to webpage (https://www.oceanyield.no/Investor-Relations/Reports-and
-presentations)

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long
-term charters. The company has a significant contract backlog that offers
visibility with respect to future earnings and dividend capacity.

Kilde

[pleximus83]

[TekBot]

OCY - EX. DIVIDEND USD 0.0570 TODAY

The shares in Ocean Yield ASA will be traded ex dividend USD 0.0570 as from
today, 15[th] July 2021.

…

Vis børsmeldingen

· Issuer: Ocean Yield ASA
· Ex. date: 15[th] July
· Dividend amount: USD 0.0570
· Announced currency: USD

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

Kilde