Viking Supply Ships AB completes rights issue

On 25 November 2016, the board of directors of Viking Supply Ships AB resolved, pursuant to the authorisation granted by the annual general meeting, on a rights issue of approximately SEK 207 million and to carry out a directed share issue and offset share issues together corresponding to approximately MSEK 141 to strengthens the group’s financial position in accordance with an agreement on financial restructuring.

Viking Supply Ships is the parent company of a shipping group with its main office in Gothenburg and Copenhagen. The business is focused within offshore and ice-breaking primarily in Arctic and subarctic areas. The Group conducts its business in four segments: Anchor Handling Tug Supply ships (AHTS), Platform Supply Vessels (PSV), Services and Ship Management. The Group has approximately 500 employees and its revenue for 2015 amounted to MSEK 1,977. The Company’s series B share is listed at Nasdaq Stockholm, Small Cap segment.

Viking Supply Ships is being advised by Mannheimer Swartling in connection with the share issues and concerning the financial restructuring.