OSLO, Norway, Feb. 2, 2022 /PRNewswire/ -- MPC Container Ships
ASA ("MPCC" or the "Company", and together with its subsidiaries,
the "Group") is pleased to announce that its board of
directors has resolved to distribute a dividend of NOK 3.00 per share, in total NOK 1.33 billion, based on the Company's approved
annual account for the financial year 2020. The decision is based
on an authority granted by the Company's extraordinary general
meeting on 28 January 2022. An
announcement of key information relating to the dividend payment
will be published separately.
Constantin Baack, Chief Executive
Officer of MPC Container Ships commented: "Over the past quarters
we have continued to execute on our chartering strategy and
portfolio measures in terms of vessel sales and purchases, whilst
constantly optimizing the Group's balance sheet. In tandem, these
measures have paved the way for the implementation of the Company's
distribution plan.
Today marks another important milestone for MPC Container Ships
as we announce the first event-driven distribution to our
shareholders of NOK 3 per share or
around USD 150 million in total. As
previously communicated, the Company will be prioritizing returning
capital to investors and it is further planned to also commence
with recurring quarterly dividends in March
2022.
In a continuously strong container charter market with
increasing forward fixtures, charter periods and historically
strong charter rates we will continue to adhere to the principles
of transparent, active and rational capital allocation, as
demonstrated since the inception of the Company."
This information is considered to be inside information pursuant
to the EU Market Abuse Regulation and is subject to disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This stock exchange announcement was published by Andreas Nguyen, Investor Relations at MPC
Container Ships ASA, on 2 February
2022 at 11:16 CET.
For further information, please contact
ir@mpc-container.com.
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") is a leading
container tonnage provider with a focus on the feeder segment below
5,000 TEU. Its main activity is to own and operate a portfolio of
container ships serving intra-regional trade lanes on fixed-rate
charters. The Company is registered and has its business office in
Oslo, Norway. For more
information, please see our website: www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such
statements are generally not historical in nature, and specifically
include statements about the Company's plans, strategies, business
prospects, changes and trends in its business, the markets in which
it operates and its restructuring efforts. These statements are
made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the
Company and therefore involve a number of risks, uncertainties and
assumptions that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently,
no forward-looking statement can be guaranteed. When considering
these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's regulatory filings and
periodical reporting. The Company undertakes no obligation to
update any forward-looking statements to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events. New factors emerge
from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess
the impact of each such factor on its business or the extent to
which any factor, or combination of factors, may cause actual
results to be materially different from those contained in any
forward-looking statement.
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