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DLST - Gram Car Carriers ASA - Withdrawal from trading on the OTCQX® Best Market, New York

Company: Gram Car Carriers ASA Date: 2024-07-24 Language: English Register to download

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 Gram Car Carriers ASA - Withdrawal from trading on the OTCQX® Best Market, New York

# Gram Car Carriers ASA - Withdrawal from trading on the OTCQX® Best Market, New York

Oslo, 24 July 2024  

  

Reference is made to the recommended voluntary cash offer by SAS Shipping  

Agencies Services Sàrl (the "Offeror") to acquire all issued and outstanding  

shares (the "Shares") of Gram Car Carriers ASA ("GCC" or the "Company") at a  

cash consideration of NOK 263.69 per Share (the "Offer"), as further set out in  

the offer document dated 23 May 2024 (the "Offer Document"), and the stock  

exchange announcement on 24 July 2024 regarding the completion of the Offer.  

  

The Company has issued a notice to withdraw the Shares from trading on the  

OTCQX® Best Market, New York, as set out in Section 5.14 (Delisting of Shares)  

in the Offer Document. The withdrawal of the Shares is expected to be effective  

from tomorrow, 25 July 2024. Consequently, the Shares will as of 25 July 2024  

22:00 CEST no longer be available for trading under the ticker "GCCRF" on OTCQX®  

Best Market, New York.  

  

About Gram Car Carriers  

  

GCC is the world's third-largest tonnage provider within the Pure Car Truck  

Carriers (PCTCs) segment with 17 owned vessels, across the Distribution, Mid  

\-size and Panamax segments. The Company provides vessels and logistics solutions  

ensuring safe and efficient shipment of vehicles for a network of clients  

comprising of major global and regional PCTC operators.  

  

About the Offeror and the MSC Group  

  

The Offeror is a wholly owned subsidiary of MSC Mediterranean Shipping Company  

SA (together with its subsidiaries, the "MSC Group"). The MSC Group is a private  

global leader in transportation and logistics founded in 1970 and headquartered  

in Geneva, Switzerland since 1978. It is owned and managed by the Aponte family.  

Despite having grown organically and through several strategic acquisitions over  

the past decades to become a leading transportation and logistics conglomerate,  

the MSC Group remains true to its core values at all times, particularly family  

spirit and care for its 200,000 employees. As one of the world's leading  

container shipping lines, the MSC Group has 675 offices across 155 countries  

worldwide. With access to a network of road, rail, air and sea transport  

resources which stretches across the globe, the MSC Group prides itself on  

delivering global service with local knowledge. The MSC Group's shipping line  

sails on more than 300 trade routes, calling at over 520 ports.  

  

Advisors:  

  

Fearnley Securities AS and Jefferies LLC are acting as financial advisors to the  

Company. Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company  

in connection with the Offer. Capient AS is acting as investor relations and  

communications advisor. DNB Markets, part of DNB Bank ASA, is acting as  

financial advisor to the Offeror and its affiliates and receiving agent in  

connection with the Offer. Advokatfirmaet Thommessen AS is acting as legal  

advisor to the Offeror and its affiliates in connection with the Offer.  

  

IR Contacts:  

  

Gram Car Carriers ASA  

  

Mas Gram, Head of Projects and IR  

  

Telephone: +47 95 41 00 93  

  

E-mail: ir@gramcar.com  

  

Media Contacts:  

  

Gram Car Carriers ASA  

  

Jan Petter Stiff, senior adviser Capient AS  

  

Telephone: +47 995 13 891  

  

E-mail: jps@capientco.com  

  

For MSC and the Offeror:  

  

Giles Read, Global Head of Public Relations  

  

Telephone: +41 22 703 88 88  

  

E-mail: media@msc.com

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