VSS AB: SALE OF SHIPS INCLUDING WRITE DOWN OF CERTAIN BOOK VALUES IN Q2 AND GUIDING OF AN EXPECTED LOSS IN H2

SALE OF SHIPS INCLUDING WRITE DOWN OF CERTAIN BOOK VALUES IN Q2 AND GUIDING OF AN EXPECTED LOSS IN H2

Viking Supply Ships AS, a wholly owned subsidiary of Viking Supply Ships AB (VSS) has sold its three Icebreakers, Tor Viking, Balder Viking and Vidar Viking to Her Majesty the Queen in Right of Canada.

Impact on net result of the sale is estimated at USDM 274 and will be booked in Q3. The transaction is expected to close by the end of August.

VSS will report a first half-year net result to be a loss of MUSD 40, consisting of a loss from the sale of three PSV’s of MUSD 12, write down of book values of the remaining two PSV’s of MUSD 8 and an operating loss of MUSD 20. The offshore supply market was very disappointing throughout the first half year, and the very weak market has caused both fixture rates and utilization to remain on unsatisfactory levels.

In addition, the company expects to book a loss of approximately MUSD 18 in relation to the planned sale of Odin Viking, which is expected to be booked in Q3 or Q4. No contract has as of yet been entered into. We expect a continued weak market and an operating loss also for the second half of 2018.

Following the above transactions, VSS´ fleet will consist of three Ice-1A and one Ice-1A Super classed AHTS´, one regular AHTS (Odin Viking) and two PSV´s, of which the latter three vessels are actively marketed for sale.

VSS will maintain its core competence operating in harsh environment, and through the contract with The Swedish Maritime Authority, VSS will also maintain its icebreaking competence.

For further information please contact:

Bengt A. Rem, Chairman, ph. +47 2311 7019, e-mail bengt.rem@kistefos.no

Viking Supply Ships AB is a world leading company within offshore and ice-breaking services, with activities primarily in Arctic and subarctic areas. The Company also has the operational and technical management for the five Swedish state owned ice-breakers (Swedish Maritime Administration). The Company’s series B share is listed at Nasdaq Stockholm, Small Cap segment. www.vikingsupply.com.

This information is information that Viking Supply Ships AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on 10 August 2018.

 

TradeIX announces USD16m A round

ING Ventures leads USD16m Series A investment in TradeIX, the world’s first open platform for trade finance

 June 21, 2018 (Amsterdam, London) – TradeIX announced today it has closed a new investment round of USD 16 million led by ING Ventures, the venture capital arm of ING Bank. The Series A investment was done by ING Ventures together with investor Kistefos, BNP Paribas and Tech Mahindra. The investors have a successful track record of partnering with innovative financial technology providers like TradeIX. Norwegian investment company, Kistefos was a prior investor in TradeIX and increased its stake as part of the transaction.

The cash injection will be used to boost hiring, further accelerate customer acquisition and to invest in the development of the company’s open platform for trade finance.

TradeIX is disrupting the market with the world’s first open platform for trade finance leveraging blockchain technology. The platform is powered by APIs (Application programming interfaces) connects with existing trade platforms and applications to enable trade business to become transparent, faster, and more efficient. TradeIX’s solution is decentralised allowing each client to add it to their existing platforms and applications to improve their connectivity to the wider trade ecosystem.

TradeIX has already established partnerships with various leading banks, corporates and ERP providers. Additionally, the company together with enterprise software firm R3 leads the Marco Polo initiative involving international trade banks aimed at further developing the use of distributed ledger into trade transactions. TradeIX recently launched the world’s first blockchain-enabled trade finance transaction for global logistics company DHL and received numerous awards such as “Best FinTech Firm”, by Trade Finance Magazine, which is part of Euromoney.

TradeIX CEO and Founder Rob Barnes said in a statement: “This round is a significant stepping stone for us. We are very excited to bring in ING Ventures, BNP Paribas, Tech Mahindra as new investors, and to continue our partnership with Kistefos. After having proven our technology with DHL and multiple banks, the investment will help us to further develop our open platform.”

Mark Buitenhek, Head of Transaction Services of ING highlighted: “TradeIX offers a great solution for trade finance that truly enables clients to become more efficient and transparent. TradeIX operates via an open platform and ‘open’ is what ING thinks the future of financial services is going to be. On top of that, we see a lot of opportunity in distributed ledger technology, so we’re happy to announce we are now intensifying our cooperation with TradeIX.”

Benoit Legrand, Chief Innovation Officer of ING and CEO of ING Ventures commented: “ING Ventures is constantly looking for fintechs that help us to deliver a differentiating experience for our clients. TradeIX has definitely proven that that is exactly what they are doing. Extending our existing partnership into an investment helps to bring this solution to even more clients in the near future, empowering them to stay ahead in their business.”

“We believe that TradeIX is at an inflection point, and look forward to working with the team to deliver several new innovations that we believe will fundamentally change how banks are offering and managing trade finance solutions for their corporate clients,” said Jacques Levet, Head of Transaction Banking EMEA at BNP Paribas at BNP Paribas.

“We are excited to partner with TradeIX in its next phase of growth. The partnership augers well with the global opportunity to simplify Trade Finance with the use of Blockchain technology. It is our continuous endeavor to work with new-age technology firms and bring the best and most relevant solutions to our global client base in Financial Services,” said Vivek Agarwal, Global Head Financial Services and Corporate Development, Tech Mahindra.

“We invested in the management and their vision from the very start. The recent development in the trade finance and Fintech market further has increased our conviction that TradeIX has the right people and technology to create substantial value for its shareholders, customers and the banking industry. This is the underlying reason why we continue to support TradeIX, and also increase our net position in the company,” said Erik Borgen, Investment Director at Kistefos.

###ENDS###

 About TradeIX

TradeIX is rewiring the $8 trillion trade finance market with its open platform providing applications, technology tools, and core infrastructure for the trade finance ecosystem. The TradeIX Platform enables trade finance parties to more easily, flexibly and efficiently connect to the broader trade finance market, including suppliers, buyers, service providers, B2B networks, credit underwriters and financial institutions. The platform provides benefits to all trade finance parties through enhanced funding opportunities, lower cost and reduced risk. For more information visit: www.tradeix.com

 About ING Ventures

ING Ventures is the EUR 300 million venture capital fund of ING. ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 51,000 employees offer retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability forms an integral part of ING’s strategy, evidenced by ING’s ranking as a leader in the banks industry group by Sustainalytics. ING Group shares are included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World), where ING is also among the leaders in the banks industry group.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.

About Tech Mahindra:  

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.8 billion company with 112,900+ professionals across 90 countries, helping over 910 global customers including Fortune 500 companies. Our innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value to our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2016 List. For more information on Tech Mahindra, please contact:Email: media.relations@techmahindra.com; Tuhina.Pandey@TechMahindra.com

About Kistefos AS

Kistefos is a private investment company wholly-owned by Mr. Christen Sveaas. Value creation is achieved through active involvement through board representation in order to develop the companies where Kistefos has substantial ownership interests. The investment portfolio includes Norwegian and foreign companies within the segments offshore, shipping, financial services, telecommunications, real estate as well as financial Investments.

 

Vellykket plassering av nytt usikret obligasjonslån

Kistefos AS har gjennomført en plassering av et nytt usikret obligasjonslån på NOK 600 millioner med forventet forfallsdato 8. november 2021. Obligasjonen vil bli søkt notert på Nordic ABM.

Nettoprovenyet fra den nye obligasjonen vil bli benyttet til delvis refinansiering av eksisterende obligasjonsgjeld, samt til finansiering av selskapets generelle virksomhet.

I forbindelse med plasseringen av det nye obligasjonslånet har Kistefos AS kjøpt tilbake i størrelsesorden NOK 320 millioner i det eksisterende obligasjonslånet «KIST04 PRO» (ISIN: NO0010779291) til kurs 105,5.

ABG Sundal Collier og DNB Markets var tilretteleggere for obligasjonslånet.

Kistefos AS – Nytt obligasjonslån og investormøter

Kistefos AS har engasjert ABG Sundal Collier og DNB Markets til å gjennomføre investormøter fra og med mandag 30. oktober 2017. Avhengig av blant annet rådende markedsforhold, vil et nytt NOK-denominert senior usikret obligasjonslån med flytende rente og forventet løpetid på fire år kunne følge. I forbindelse med den mulige utstedelsen vil selskapet vurdere å tilby et betinget tilbakekjøp av sitt utestående obligasjonslån med ticker «KIST04 PRO» (ISIN NO0010779291), som forutsetter tegning i det nye obligasjonslånet.

For ytterligere informasjon, vennligst kontakt:

ABG Sundal Collier ASA: Marius Opstad,
Tel: +47 22 01 61 66
e-mail: marius.opstad@abgsc.no

DNB Markets: Nils-Jørgen Fimland,
Tel: +47 24 16 90 23
e-mail: nils-jorgen.fimland@dnb.no

 

Kistefos AS has mandated ABG Sundal Collier and DNB Markets to arrange a series of fixed income investor meetings commencing on Monday 30 October  2017.A NOK denominated senior unsecured floating rate bond issue with an expected tenor of four years may follow, subject to inter alia market conditions. As part of the potential new bond issue, the company may offer a conditional buyback of its outstanding bond with ticker «KIST04 PRO» (ISIN NO0010779291), which will be contingent upon subscription in the new bond.

For further information, please contact:

ABG Sundal Collier ASA: Marius Opstad,
Tel: +47 22 01 61 66
e-mail: marius.opstad@abgsc.no

DNB Markets: Nils-Jørgen Fimland,
Tel: +47 24 16 90 23
e-mail: nils-jorgen.fimland@dnb.no

 

Svindelforsøk

Kistefos er blitt gjort oppmerksom på at det er sendt ut e-poster i vårt navn hvor det er fremstår som om vi har sendt en faktura, med oppfordring å betale. E-posten er et forsøk på svindel, og vi oppfordrer de som har mottatt disse e-postene til å ikke trykke på noen linker, og slette e-postene.

Vi beklager ulempene dette medfører.

 

Kistefos overtar Digitale Medier 1881

Kistefos har i dag underskrevet avtale med Amedia om kjøp av Digitale Medier 1881 AS via heleid datterselskap. Digitale Medier 1881 tilbyr digitale katalogtjenester og digitale tjenester som 1881.no,  eiendomspriser.no og regnskapstall.no. Selskapet forventer i år en omsetning på over 180 millioner kroner og et brutto driftsresultat på over 38 millioner.

Saken vil bli meldt til Konkurransetilsynet umiddelbart og partene avventer en godkjenning fra konkurransemyndighetene før transaksjonen gjennomføres. Overtagelsen forventes å finne sted i første kvartal 2017.

Digitale Medier 1881 (1881.no) vil med transaksjonen bli samordnet med virksomheten til Opplysningen 1881. Kistefos, som har vært på eiersiden i Opplysningen 1881 siden 2007, vil fremover eie og videreutvikle begge selskapene. Digitale Medier 1881 tilbyr digitale katalogtjenester, og har sin hovedvirksomhet rettet mot SMB-markedet (Små og mellomstore bedrifter) med rangering og eksponering på 1881.no og i mobile kanaler.  Opplysningen 1881 tilbyr nummeropplysning på telefon og sms i tillegg til andre brukerbetalte tjenester.

«Digitale Medier 1881 er veldrevet og lønnsomt. Amedia har vært en god eier som har videreutviklet virksomheten på en offensiv måte siden konsernet overtok eierskapet av selskapet sommeren 2013. Vi ser nå fram til å satse videre på den posisjonen og markedskraften Digitale Medier 1881 har bygget opp, i form av en godt samordnet operasjon med Opplysningen 1881,» sier investeringsdirektør Gunnar Jacobsen i Kistefos.

CFO i Amedia og styreleder i Digitale Medier 1881, Gisle Torheim, mener det er industrielt riktig og en framtidsrettet løsning for selskapet at Kistefos nå overtar. «Amedias kjernevirksomhet er mediehusene, og vi velger å konsentrere vår virksomhet i enda sterkere grad rundt produksjonen av godt redaksjonelt innhold. Eierskiftet er derfor fornuftig og vil bidra til et skarpere og mer dedikert eierfokus på katalog- og listingsmarkedet,» sier Torheim i en kommentar.

Digitale Medier 1881 og Amedia vil videreføre et samarbeid på utvalgte områder som tjener begge parter. To av datterselskapene til Digitale Medier 1881, Prisguide AS og Karriere.no AS, er ikke omfattet av transaksjonen og vil bli integrert i Amedias øvrige virksomhet.

Digitale Medier 1881 er den nest største aktøren i det norske katalog- og listingmarkedet på nett, etter Eniro (Gule Sider). På mobil er de to aktørene jevnstore. Digitale Medier 1881 har hatt jevn og god trafikkvekst de siste årene, og 1881.no er blant de 20 mest besøkte nettstedene i Norge. Mer enn totalt 1,4 millioner unike besøkende bruker tjenesten hver uke. Digitale Medier 1881 har sitt hovedkontor i Nydalen med ca 100 ansatte.

«Digitale Medier 1881 er en svært sterk nasjonal merkevare med en sterk markedsposisjon og betydelig distribusjonskraft, som vi tror det er mulig å utvikle videre på en god og offensiv måte. Vi overtar en moderne organisasjon med svært kompetent ledelse og medarbeidere, som vi ser fram til å jobbe videre med,» sier Gunnar Jacobsen i Kistefos.

 

Kontaktopplysninger:

Gunnar Jacobsen, Kistefos               gunnar.jacobsen@kistefos.no

Gisle Torheim, Amedia                    gisle.torheim@amedia.no (tlf: 40 28 02 08)

Kistefos AS – nytt obligasjonslån

Kistefos AS har engasjert ABG Sundal Collier og DNB Markets til å gjennomføre investormøter fra og med mandag 14. november samt å bistå med refinansieringen av KIST02 PRO, selskapets utestående obligasjonslån.

Selskapet har til hensikt å utstede et nytt 3-årig senior usikret obligasjonslån i NOK etter investormøtene. Som en del av refinansieringen vil selskapet tilby tilbakekjøp på 101 % av par av KIST02 PRO som vil være betinget av tegning i den nye obligasjonen.

kistefos-company-update-november-2016

For ytterligere informasjon, vennligst kontakt:

 

ABG Sundal Collier ASA: Jon Erlend Arnesen,

Tel: +47 22 01 60 32

e-mail: jon.arnesen@abgsc.no

 

DNB Markets: Nils-Jørgen Fimland,

Tel: +47 24 16 90 23

e-mail: nils-jorgen.fimland@dnb.no

 

—————————————————————-

Kistefos AS – new bond issue

Kistefos AS has mandated ABG Sundal Collier and DNB Markets to arrange a series of investor meetings commencing on Monday 14th November as well as to advice on the refinancing of KIST02 PRO, the company’s outstanding bond.

Following the investor meetings, the company intends to issue a new 3-year senior unsecured bond in NOK. As a part of the refinancing, the company will offer a buyback of KIST02 PRO at 101% of par, which will be contingent upon subscription in the new bond.

For further information, please contact:

 

ABG Sundal Collier ASA: Jon Erlend Arnesen,

Tel: +47 22 01 60 32

e-mail: jon.arnesen@abgsc.no

 

DNB Markets: Nils-Jørgen Fimland,

Tel: +47 24 16 90 23

e-mail: nils-jorgen.fimland@dnb.no