Marine Link
Tuesday, September 27, 2016

Osprey Maritime Plans $70M Injection

March 24, 2000

Shipping group Osprey Maritime Ltd. plans a proposed $70 million injection of new equity together with a major restructuring, a company spokesperson reported. The company has received an offer from Schroder Partners Asia Ltd., advisers to the Schroder Venture Partners Asia Pacific Fund, to invest about $54 million by means of a placement and rights issue. The Schroder Fund would subscribe for new ordinary shares equal to about 20 percent of the company at a price of S$0.35 a share, which would raise about $14 million. In conjunction with the placement, the company would have a 2-for-3 rights issue also at the same price.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News