Vard (formerly: STX OSV)

[Bibi]

If i can recall correctly, its IPO started at $1.50 plus? Now delist at 24 cts. Pity those who held on when bought at IPO prices.

My bad. IPO price 66cts in 2010.

[cyclone]

Voluntary Conditional General Offer launched on November 13, 2016 is extended to 12 January 2017, 5.30 p.m. (Singapore time)

FINCANTIERI S.p.A. announces that, in relation to the voluntary conditional general offer launched on November 13, 2016 by its subsidiary Fincantieri Oil & Gas S.p.A. ("Fincantieri O&G") for all the ordinary shares of Vard Holdings Limited other than those already held by Fincantieri O&G, its related corporations and their respective nominees, the closing date is extended from 5.30 p.m. (Singapore time) on December 29, 2016 to 5.30 p.m. (Singapore time) on January 12, 2017.

[brattzz]

just get it over with lah... aiyoh...
Fincantieri sees value at offer price... unless otherwise, opm don't bother holding liao...

[cyclone]

Launch of The Proposed Voluntary Delisting of Vard
November 13, 2017.

Under the Exit Offer, Fincantieri O&G will offer the shareholders of Vard SGD 0.25 in cash for each Vard share tendered in acceptance of the Exit Offer, for a maximum consideration of SGD 60,943,572.50 (approx. EUR 38,500,000 at the current exchange rate) in case of full acceptance.

Fincantieri O&G currently holds 936,225,710 shares in Vard, equal to around 79.34 per cent. of Vard’s total issued share capital. The consolidated financial statements of the Fincantieri group has included Vard’s contributions since Fincantieri O&G’s 2013 acquisition of a majority stake in Vard.

[choya]

In local lingo .. el cheapo 

[specuvestor]

GO cannot... now scare with delisting

IMHO Vard is good niche shipbuilder except for the Brazil shipyard which IIRC was shoved by STX. Brazil cost is second highest to Norway according to them. Go figure

Need people like Oei or ACTIVIST SPEAKS to optimise shareholders' insterest

[cyclone]

Vard Secures Contracts for Two Offshore Fish Farming Operation Platforms for Cermaq Norway

Vard Holdings announced that it has secured contracts for the design and construction of two offshore fish farming operation platforms for Cermaq Norway.

The two platforms are specially designed for fish farming operations in harsh environment, and have a capacity for 600 tons of fish feed, as well as separate areas for storage, veterinary services, workshop and accommodation for a crew of eight people.

More details in http://infopub.sgx.com/FileOpen/VARD_sec...eID=479918

[cyclone]

Vard Secures Contract for the Construction of One Fully Electrical Battery-Powered Car and Passenger Ferry

Vard Holdings Limited announced that it has secured a contract for the construction of one car- and passenger ferry for Boreal in Norway.

The new car and passenger ferry features a fully electrical battery solution for continuous electric operations, and is specially designed for environmentally friendly operations in the Norwegian fjords. The ferry, designed by Multi Maritime, will measure 74 meters in length with a beam of 14.20 meters, and will have a total capacity of up to 60 cars and 199 passengers and crew.

More details in http://infopub.sgx.com/FileOpen/VARD%20s...eID=484401

About Boreal
Boreal is a leading nationwide public transport provider in Norway. The company operates buses, coaches, trams, high-speed passenger ferries and car ferries. Its subsidiaries Boreal Buss AS, Boreal Sjø AS and Boreal Bane AS, operate public transport services through public sector tender contracts with clients. Boreal has approximately 2,000 employees, and is headquartered in Stavanger, Norway.

[Einstein]

A telegram group www.t.me/vardsg has been created to get a proxy of 10% of total shareholdings that is 118 million of Vard Holdings to block Fincantieri' s effort to delist VARD during an EGM.

[Einstein]

Proxy form for Delisting proposal can be find here:

https://drive.google.com/file/d/1Y64...ew?usp=sharing

If you are unable to attend, please join the Telegram group below to arrange for someone to represent your interest:

www.t.me/vardsg