Scorpio Holdings Limited and Annalisa Lolli-Ghetti amended their Schedule 13G regarding Ardmore Shipping Corporation’s common stock. Cover-page data lists 1,529,897 shares of common stock with shared voting and dispositive power, representing 3.7% of the class based on 41,298,849 Ardmore shares outstanding as of November 7, 2023. However, the Reporting Persons state that, as of the date of this amendment, neither Scorpio Holdings Limited nor Annalisa Lolli-Ghetti holds any Ardmore common shares, and they report ownership of 5 percent or less of the class.
Positive
None.
Negative
None.
Key Figures
Previously reported shares beneficially owned:1,529,897 sharesOwnership percentage of class:3.7%Ardmore shares outstanding:41,298,849 shares+1 more
4 metrics
Previously reported shares beneficially owned1,529,897 sharesCommon stock with shared voting and dispositive power per cover pages
Ownership percentage of class3.7%Percentage of Ardmore common stock represented by 1,529,897 shares
Ardmore shares outstanding41,298,849 sharesOutstanding common shares as of November 7, 2023
Current holdings reported0 sharesAs of the amendment date, neither Reporting Person holds any Ardmore common stock
Key Terms
beneficially owned, shared voting power, shared dispositive power, Ownership of 5 percent or less of a class
4 terms
beneficially ownedfinancial
"Amount beneficially owned: The information required by this item with respect to each Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 1,529,897.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,529,897.00"
Ownership of 5 percent or less of a classregulatory
"Item 5. | Ownership of 5 Percent or Less of a Class."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership in Ardmore Shipping (ASC) is reported by Scorpio Holdings Limited and Annalisa Lolli-Ghetti?
The amendment reports historical beneficial ownership of 1,529,897 Ardmore shares, with 3.7% of the common stock class, all held with shared voting and dispositive power according to the cover-page figures.
Do Scorpio Holdings Limited and Annalisa Lolli-Ghetti currently hold Ardmore Shipping (ASC) shares?
No. The Reporting Persons state that, as of the filing date, neither Scorpio Holdings Limited nor Annalisa Lolli-Ghetti holds any shares of Ardmore Shipping Corporation common stock.
What percentage of Ardmore Shipping (ASC) did 1,529,897 shares represent in this Schedule 13G/A?
The filing states that 1,529,897 common shares represented 3.7% of Ardmore Shipping’s outstanding common stock, based on 41,298,849 shares outstanding as of November 7, 2023.
How much Ardmore Shipping (ASC) stock was outstanding for the ownership calculation?
The ownership percentages are calculated using 41,298,849 Ardmore Shipping common shares outstanding as of November 7, 2023, as reported in an Exhibit 99.1 to the company’s Form 6-K.
Why do Scorpio Holdings and Annalisa Lolli-Ghetti report under 5% ownership in Ardmore Shipping (ASC)?
Item 5 notes ownership of 5 percent or less of Ardmore’s common stock. The narrative further clarifies that, as of this amendment’s date, they hold no Ardmore common shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Ardmore Shipping Corporation
(Name of Issuer)
Common Stock par value $0.01 per share
(Title of Class of Securities)
YO207T100
(CUSIP Number)
12/20/2023
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
YO207T100
1
Names of Reporting Persons
Scorpio Holdings Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MARSHALL ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,529,897.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,529,897.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,529,897.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
YO207T100
1
Names of Reporting Persons
Annalisa Lolli-Ghetti
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ITALY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,529,897.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,529,897.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,529,897.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Ardmore Shipping Corporation
(b)
Address of issuer's principal executive offices:
Dorchester House, 7 Church Street, Hamilton, HM11, Bermuda
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") with respect to shares of Common Stock, par value $0.01 per share (the "Common Stock") of Ardmore Shipping Corporation (the "Issuer") are: Scorpio Holdings Limited and Annalisa Lolli-Ghetti. The Reporting Persons are filing this statement jointly, but not as members of a group. Each Reporting Person expressly disclaims membership in a group.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is:
99, Boulevard Exotique, MC 98000, Monaco.
(c)
Citizenship:
Scorpio Holdings Limited is a Republic of the Marshall Islands corporation.
Annalisa Lolli-Ghetti is a citizen of Italy.
(d)
Title of class of securities:
Common Stock par value $0.01 per share
(e)
CUSIP No.:
YO207T100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentages are based on 41,298,849 outstanding shares of Common Stock as of November 7, 2023, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on November 7, 2023.
Scorpio Holdings Limited is a corporation formed under the laws of the Republic of the Marshall Islands, and Annalisa Lolli-Ghetti is the majority shareholder of Scorpio Holdings Limited. As of the date of this filing, neither Scorpio Holdings Limited nor Annalisa Lolli-Ghetti hold any shares of Common Stock of the Issuer.
(b)
Percent of class:
See row 11 of the cover pages.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See row 5 of the cover pages.
(ii) Shared power to vote or to direct the vote:
See row 6 of the cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See row 7 of the cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See row 8 of the cover pages.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
