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d'Amico International Shipping S.A.
Regulatory Filings • Dec 7, 2022
9964_iss_2022-12-07_3c889850-4079-465d-85f8-319ff202e7a1.pdf
Regulatory Filings
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PRESS RELEASE
d'AMICO INTERNATIONAL SHIPPING S.A. ANNOUNCES THE EXERCISE OF THE PURCHASE OPTION ON MT HIGH VOYAGER
Luxembourg – December 07th , 2022 – d'Amico International Shipping S.A. (Borsa Italiana: DIS) (the "Company"or "DIS"), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d'Amico Tankers D.A.C. (Ireland) ("d'Amico Tankers"), exercised its purchase option on the existing bareboat charter-in contract for the MT High Voyager ("the Vessel"), a 45,999 dwt medium-range product tanker vessel built in November 2014 by Hyundai Mipo, South Korea, for a consideration of US\$ 20.8 million. d'Amico Tankers expects to acquire ownership of the Vessel effective January 25, 2023.
As of today, DIS' fleet comprises 36 double-hulled product tankers (MR, Handysize and LR1, of which 19 owned, 9 chartered-in and 8 bareboat chartered-in) with an average age of about 7.6 years for its owned and bareboat chartered-in vessels.
Paolo d'Amico, Chairman and Chief Executive Officer of d'Amico International Shipping, stated: "I'm pleased to announce the exercise of our purchase option on MT High Voyager, a modern Eco-MR vessel built by a top-quality Korean yard in 2014, that we sold and leased back in 2019 to a reputable Japanese counterparty. Through this deal, DIS continues to implement its deleveraging plan and to lower its breakeven, as we intend to keep this vessel debt-free, at least for the time being."
From today this press release is available on the investor relations section of DIS' website, filed with the CSSF, disclosed through the e-market SDIR circuit and stored at Borsa Italiana S.p.A. through the emarketSTORAGE system and at Société de la Bourse de Luxembourg S.A. in its quality of OAM.
d'Amico International Shipping S.A. is a subsidiary of d'Amico Società di Navigazione S.p.A., one of the world's leading privately-o wn ed marine transportation companies, and operates in the product tankers sector, comprising vessels that typically carry refined petroleum products, chemical and vegetable oils. d'Amico International Shipping S.A. controls, through its fully-owned subsidiary, d'Amico Tankers D.A.C., Dublin, either through ownership or charter arrangements, a modern and double-hulled fleet, ranging from 35,000 to 75,000 deadweight tons. The Company has a long history of family enterprise and a worldwide presence with offices in key maritime centers (London, Dublin, Monaco, Stamford and Singapore). The Company's shares are listed on the Milan Stock Exchange under the ticker symbol "DIS.MI".
Anna Franchin, Investor Relations Manager Tel: +352 2829 6015
Tel: +37 7 93105472 E-mail: [email protected]
Capital Link New York - Tel. +1 (212) 661-7566 London - Tel. +44 (0) 20 7614-2950 E-Mail: [email protected]
Media Relations Havas PR Milan Marco Fusco Tel.: +39 02 85457029 – Mob.: +39 345.6538145 E-Mail: marc[email protected] Antonio Buozzi Tel.: +39 320.0624418 E-Mail: [email protected]