Reference is made to the stock exchange notice of 5 May 2017 in which Scanship Holding (the "Company") announced that it is in non-exclusive negotiations with a Bidder regarding the sale of all outstanding shares in Scanship AS and its subsidiaries in the US and Poland ("the Scanship Group").
The Board of the Company has now been informed by the largest shareholders that they will not support the sale of the Scanship Group on the terms offered. The transaction does not have the required shareholder support. The Board has on this basis resolved to terminate the negotiations with the Bidder.
For further information contact:
Tore Enger, Chairman of the Board
tore.enger@scanship.no
About Scanship Holding:
Scanship Holding is a maritime industry leader in advanced technologies for processing waste and purifying water. Owners operating our systems have the solution to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent, which meets the highest international discharge
standards.
Norwegian Cruise Line, Royal Caribbean International, TUI, Carnival Cruise Line,Costa Asia, P&O Australia, MSC, Viking Ocean Cruises, Hurtigruten and Silversea are all being delivered with Scanship technology for environmental compliance.
Our new technologies will recover energy and water, providing tangible payback from the operations. We strive for the highest quality, best innovation and sustainable solutions.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.