CH OFFSHORE LTD. 
By
The Board of Directors of CH Offshore Ltd (the "Company") is
pleased to announce that the Company's subsidiary, Offshore
Gold Shipping Pte Ltd ("OGSP"), has entered into a bareboat
charter (the "Charter") with a third party (the "Charterer"),
pursuant to which the Charterer will charter from OGSP, the
"Aquamarine", a 2008-built 12,240 brake horsepower
anchor-handling tug supply vessel (the "Vessel"), for a
period of two years, with an option for the Charterer to
purchase the Vessel at the expiration of the Charter period
at a price to be mutually agreed between the parties, taking
into consideration the conditions prevailing on the sale and
purchase market and the accumulated depreciation of the
Vessel at the time of the exercise of the purchase option,
and subject to the approval of the Board of Directors of
OGSP, the Board of Directors of the Company and the
shareholders of the Company, if the 20% materiality threshold
is triggered under Rule 1006 of the SGX-ST Listing Manual. In
the event that the Board of Directors of OGSP, the Board of
Directors of the Company and/or the shareholders of CHO do
not give approval for any reason whatsoever, the Charterer
shall have no right whatsoever to purchase the Vessel.
However, the Charterer shall have an option to extend the
Charter for a period of two years at a charter hire to be
mutually agreed between OGSP and the Charterer.
If the Board of Directors of the Company decides to proceed
with the sale of the Vessel, and the sale to the Charterer
constitutes a major transaction under Rule 1014 of the SGX-ST
Listing Manual, the Company will seek the shareholders'
approval at an extraordinary general meeting to be
convened.
None of the Directors or controlling shareholders of the
Company have any interest, direct or indirect, in the
Charter. The Charter is not expected to have a material
effect on the earnings per share and net tangible assets per
share of the Company for the financial year ending 30 June
2012.
By Order of the Board
Valerie Tan May Wei
Company Secretary
20 January 2012
| distribué par | Ce noodl a été diffusé par CH Offshore Limited et initialement mise en ligne sur le site http://www.choffshore.com.sg. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-20 19:03:58 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Bareboat Charter Of Vessel With Charterer's Option To Purchase |
