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Hunter Group ASA (HUNTG.OL)

HUNTG.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hunter Group Private Placement Oversubscribed, Proposes Subsequent Offering
Thursday, 23 May 2019 

May 23 (Reuters) - Hunter Group ASA ::PRIVATE PLACEMENT SUCCESSFULLY COMPLETED.PRIVATE PLACEMENT WAS SUCCESSFULLY PLACED, RAISING GROSS PROCEEDS OF APPROXIMATELY NOK 695 MILLION THROUGH ALLOCATION OF 190,454,000 SHARES ( "NEW SHARES").PRIVATE PLACEMENT WAS SIGNIFICANTLY OVERSUBSCRIBED WITH HIGH PARTICIPATION FROM EXISTING SHAREHOLDERS.SUBSEQUENT OFFERING IS EXPECTED TO BE CARRIED OUT.HAS RESOLVED TO CALL FOR AN EXTRAORDINARY GENERAL MEETING TO PROPOSE A SUBSEQUENT OFFERING OF UP TO 19,045,400 NEW SHARES TOWARDS COMPANY'S SHAREHOLDERS AS OF 22 MAY 2019.SUBSCRIPTION PRICE IN SUBSEQUENT OFFERING TO EQUAL SUBSCRIPTION PRICE IN PRIVATE PLACEMENT.  Full Article

Hunter Group Sets Offer Price In Contemplated Private Placement At NOK 3.65/Shr
Wednesday, 22 May 2019 

May 22 (Reuters) - Hunter Group ASA ::ANNOUNCES TERMS OF CONTEMPLATED PRIVATE PLACEMENT.TO OFFER SHARES AT A FIXED PRICE OF NOK 3.65 PER SHARE.RECEIVED BID FROM THIRD PARTY BUYER FOR TWO OF ITS NEWBUILDINGS AT EN BLOC SALES PRICE OF USD 196M.IF VESSEL SALES MATERIALIZE, EXPECTS TO HAVE FULLY FUNDED NEWBUILDING PROGRAM POST COMPLETION OF PRIVATE PLACEMENT.  Full Article

Hunter Group Net Profit From Continuing Operations Came In At Nok 5.2M In Q3 2018
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Hunter Group ASA ::THIRD QUARTER RESULTS 2018.NET PROFIT FROM CONTINUING OPERATIONS CAME IN AT NOK 5.2M IN Q3 2018.Q3 TOTAL OPERATING EXPENSES FROM CONTINUING OPERATIONS WAS NOK 1.6M.  Full Article

Hunter Group Updates on Capex
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Hunter Group ASA ::CAPEX UPDATE.IS FULLY FUNDED UNTIL JUNE 2019, AND CONSEQUENTLY HAS NO IMMEDIATE PLANS TO ISSUE ADDITIONAL EQUITY..  Full Article

Hunter Group Q2 Profit Before Taxes From Continuing Operations At Nok 78,000
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Hunter Group ASA ::PROFIT BEFORE TAXES FROM CONTINUING OPERATIONS CAME IN AT NOK 78K IN Q2 2018.  Full Article

Hunter Group: Songa Trading Subscribes For 7.8 Mln Shares At NOK 3.20/Shr
Wednesday, 13 Jun 2018 

June 13 (Reuters) - Hunter Group ASA ::RESOLVED PLACEMENT WITH GROSS PROCEEDS OF NOK 520 MILLION AND SUBSEQUENT OFFERING WITH GROSS PROCEEDS OF UP TO NOK 52 MILLION.SONGA TRADING SUBSCRIBED FOR AND BEEN ALLOCATED 7,812,500 SHARES IN COMPANY, AT A PRICE OF NOK 3.20 PER SHARE.SONGA TRADING WILL HAVE AN AGGREGATE HOLDING OF 30,230,501 SHARES IN COMPANY, CORRESPONDING TO 8,2%.  Full Article

Hunter Group Resolves Total Proceeds Of NOK 520 Million In Private Placement
Friday, 18 May 2018 

May 18 (Reuters) - HUNTER GROUP ASA ::OFFER PRICE IN THE CONDITIONAL PRIVATE PLACEMENT AND INTENTION OF SUBSEQUENT REPAIR OFFERING.RESOLVED OFFER PRICE TO NOK 3.20 PER OFFER SHARE, WITH ISSUANCE OF 162,500,000 NEW SHARES.OFFER SHARES WILL NOT ENTITLE PIK DIVIDEND OF SHARES IN DWELLOP AS..RESOLVED TOTAL GROSS PROCEEDS OF NOK 520 MILLION.INTENDS FOR COMPANY TO CARRY OUT A SUBSEQUENT REPAIR OFFERING OF NEW SHARES.NUMBER OF OFFER SHARES UNDER SUBSEQUENT REPAIR OFFERING WILL BE NOT MORE THAN 16 250 000 SHARES..SUBSCRIPTION PRICE IN REPAIR OFFERING WILL BE SAME AS IN PRIVATE PLACEMENT, I.E. NOK 3.20 PER SHARE.  Full Article

Hunter Group Signs Contract For Vessel
Wednesday, 16 May 2018 

May 16 (Reuters) - HUNTER GROUP ASA ::BOARD HAS SIGNED CONTRACT FOR VESSEL NUMBER 5 (HULL NR. 5465), 6 (HULL NR. 5466) AND 7 (HULL NUMBER 5467).FIRST INSTALMENT, TOTALING USD 25,65M IS EXPECTED TO BE PAID BY 1ST SEPTEMBER 2018 ONCE REFUND GUARANTEE IS IN PLACE.SECOND INSTALLMENT IS EXPECTED TO BE PAID IN Q2 19.BOARD HAS MADE FIRST INSTALMENT OF USD 8,55M FOR FOURTH VESSEL (HULL NR 5460) AND REFUND GUARANTEE IS IN PLACE.  Full Article

Hunter Group Receives Refund Guarantees For First Three VLCCS
Friday, 11 May 2018 

May 11 (Reuters) - HUNTER GROUP ASA ::RECEIVED REFUND GUARANTEES FOR FIRST THREE VLCCS TO BE CONSTRUCTED AT DAEWOO SHIPBUILDING MARINE ENGINEERING.BOARD HAS DECIDED TO EXERCISE OPTIONS FOR CONSTRUCTION THREE ADDITIONAL VESSELS.MADE FIRST INSTALMENT FOR EACH CONTRACT, TOTALLING USD 25.56M, TO DAEWOO SHIPBUILDING MARINE ENGINEERING.ESTIMATED DELIVERY TIMES ARE 31 MAY 2020, 30 JUNE 2020 AND 31 AUGUST 2020.FORESEE THAT SIGNING WILL OCCUR IN NEAR FUTURE AND THAT SECOND INSTALMENT FOR EACH OF CONTRACTS WILL BE BETWEEN 19 JUNE 2019 AND 27 SEPTEMBER 2019.  Full Article

Hunter Enteres Agreement Regarding Change Of Share Ownership In Company
Thursday, 29 Mar 2018 

March 29 (Reuters) - HUNTER GROUP ASA ::AGREEMENT BETWEEN CERTAIN SHAREHOLDERS.‍APOLLO ASSET AND FOUNDING SHAREHOLDERS OF DWELLOP AS ENTERED INTO AGREEMENT ON AND CHANGE OF SHARE OWNERSHIP IN COMPANY​.‍INTENTION IS TO SEPARATE/DEMERGE WHOLLY OWNED SUBSIDIARY DWELLOP AS FROM COMPANY​.‍DWELLOP SHALL BE LISTED ON MERKUR MARKET OR ON ANOTHER MARKET PLACE​.‍DWELLOP FOUNDERS TO SELL 19.230.769 OF SHARES IN COMPANY TO APOLLO AGAINST NOK 2,30 PER SHARE​.‍DWELLOP SHALL BE SEPARATED/DEMERGED FROM COMPANY BY DISTRIBUTION OF SHARES IN DWELLOP TO COMPANY'S SHAREHOLDERS​.‍IF COMPANY DOES NOT HAVE RESERVES, DISTRIBUTION WILL BE ACCOMPLISHED BY WAY OF A SHARE CAPITAL REDUCTION OR DEMERGER​.NOK 10 MILLION IN CASH SHALL BE DISTRIBUTED TO DWELLOP AS GROUP CONTRIBUTION PRIOR TO SEPARATION/DEMERGER​.‍APOLLO IS CONSIDERING SEVERAL INVESTMENT OPPORTUNITIES FOR COMPANY IN OTHER SECTORS THAN OIL SERVICE​.  Full Article