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Hafnia announced the accelerated vesting of options under its 2022 Long-Term Incentive Plan (LTIP 2022) for senior management and key employees. Originally set to vest in March 2025, the options will now vest on 30 May 2024. As of 1 May 2024, there are 1,849,428 outstanding options under this plan. Additionally, Hafnia has a restricted share unit (RSU) program with 462,357 RSUs that are set to vest on 15 March 2025. To facilitate the delivery of shares to employees, Hafnia has entered into a share lending agreement with BW Group , its largest shareholder, for 2,311,785 shares, which will be re-delivered by issuing new shares at USD 0.01 per share. Hafnia will hold 2,351,785 treasury shares following this transaction.
Hafnia (HAFN) announced on 28 May 2024, a share lending agreement with BW Group BW Group, the largest shareholder and closely associated with Hafnia's Chairman Andreas Sohmen-Pao, lent 2,311,785 shares to Hafnia on 27 May 2024. These shares will be redelivered by Hafnia issuing new shares at USD 0.01 per share. Hafnia, a leading tanker owner, operates over 200 vessels and employs over 4000 people globally. This disclosure follows EU Market Abuse Regulation requirements. The attached notification provides further transaction details.
The shares of Hafnia are being traded ex-dividend as of today, May 22, 2024, with a dividend amount of USD 0.3443 per share.
This update follows the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.
Hafnia announced its financial results for Q1 2024, reporting a net profit of USD 219.6 million, down from USD 256.6 million in Q1 2023. Earnings per share (EPS) decreased to USD 0.43 from USD 0.51. Time Charter Equivalent (TCE) earnings were USD 378.8 million, slightly up from USD 377.2 million, with an average TCE of USD 36,230 per day.
Hafnia achieved a significant milestone by listing its shares on the NYSE under the ticker 'HAFN' on April 9, 2024. The company declared a quarterly dividend of USD 0.3443 per share, marking its highest ever. The dividend payout ratio was raised to 80% and could increase to 90% if net loan-to-value falls below 20%.
Total fleet value stood at USD 4.3 billion, with a net asset value (NAV) of USD 8.37 per share. The fleet consisted of 117 owned and 14 chartered-in vessels. Hafnia's CEO cited a positive outlook for the rest of 2024, due to strong demand from China and India, and refinery dislocations.
Hafnia announced a cash dividend of USD 0.3443 per share for the first quarter of 2024. The dividend is payable in USD, with dividends distributed in NOK for shares registered in the VPS. Key dates include the last day with dividend rights on May 21, 2024, ex-date on May 22, 2024, and record date on May 23, 2024. Payment dates are approximately May 29, 2024, for shares in the Depository Trust Company (US) and June 3, 2024, for shares in Euronext Securities Oslo (VPS). The dividend was approved on May 14, 2024, and complies with Norwegian Securities Trading Act Section 5-12.
Hafnia will release its Q1 2024 financial results on 15 May 2024. The investor presentation will feature key executives and will be available via live webcast. Details for accessing the presentation are provided.
Hafnia announced a change in the planned date for its Annual General Meeting (AGM) from 14 May 2024 to 10 July 2024 due to new listing requirements after commencing trading on the NYSE and OSE. The company will ensure compliance with disclosure and regulatory requirements for shareholders to participate effectively.
