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Eitzen Maritime Services ASA Subscription price and - period in fully underwritten MUSD 50 million Private Placement
Reference is given to the stock exchange notice of June 7th 2008 relating to the acquisition of Seven Seas Shipchandlers LLC in Dubai, UAE.
The Board of Directors of Eitzen Maritime Services ASA (the "Company", " EMS") has approved the following in relation to the announced private placement of MUSD 50 (the "Private Placement"):
The Private Placement will be conducted as a book building process.
The indicative price range is set to NOK 3.0-3.4 per share. The subscription period will start today 12th June at 09:00 CET and is contemplated to commence 23rd June 2008 at 16:00 CET.
The Private Placement is fully underwritten by Camillo Eitzen & Co. ASA at NOK 3.0 per share.
The investor presentation to be used in relation to the placement is attached to this notice.
EMS has retained Fondsfinans ASA and Kaupthing ASA as managers in the Private Placement (the "Managers"). Orion Securities AS has been retained as selling agent (the "Selling Agent").
