Norwegian shipowner 2020 Bulkers has applied for a listing of all of the Company’s outstanding shares on Oslo Axess.
Submitted on July 8 to the Oslo Stock Exchange, the application is expected to be approved on or about July 10, 2019.
The company’s ticker code will be “2020” and it is expected that the first day of listing will be Friday, July 12.
As a consequence, the company’s shares will cease to be registered and tradable on the N-OTC from the listing day. 2020 Bulkers said it would not perform any share capital raises or sale of shares in connection with the listing.
“We are excited about the upcoming listing of 2020 Bulkers, which we expect will increase public awareness of the company and improve the liquidity in the trading of the shares,” Magnus Halvorsen, the Chief Executive Officer of 2020 Bulkers Management AS, said.
“We believe 2020 Bulkers offers a unique proposition to investors with our newbuilding fleet of eight, scrubber-fitted, fuel efficient 208,000 dwt Newcastlemax dry bulk carriers,” he added.
“2020 Bulkers will focus on maintaining a strict capital discipline through the business cycle and seek to maximize returns to shareholders from the existing asset base.”