Avance Gas Holding Ltd.
Avance Gas Holding Ltd. operates in the global market for transportation of liquefied petroleum gas (LPG). The company owns and operates six very large gas carriers (VLGC), and aims to grow further and act as a consolidator in the VLGC market. After acquiring Frontline 2012 Ltd’s eight VLGC newbuildings, Avance Gas will become the third largest independent VLGC operator in the world. Avance Gas is listed on the Norwegian OTC market in Oslo with the ticker AGHL.
  • Avance Gas Holding Ltd.
  • Grev Wedels plass 5
  • 0102 Oslo, Norway
Saker
4
Meny

Avance Gas - Launch of initial public offering28.3.2014 14:56 | Pressemelding

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Bermuda, 28 March 2014 - Avance Gas Holding Ltd (“Avance Gas”, the “Company”, ticker code: “AVANCE”) has resolved to launch an initial public offering (the “Offering”) and to apply for a listing of the beneficial interests in its common shares on the Oslo Stock Exchange. Subject to approval of the listing application and successful completion of the Offering, the shares of Avance Gas are expected to be admitted to trading on the Oslo Stock Exchange on or about 15 April 2014. The Offering will comprise of (i) an offer of new common shares to raise an amount of up to USD 100 million (equivalent to NOK 601 million) by issuance of up to 5,462,091 new common shares by the Company (the “New Shares”) an

Avance Gas Holding Ltd announces intention to conduct an initial public offering (IPO) and list on the Oslo Stock Exchange12.3.2014 08:10 | Pressemelding

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Bermuda, 12 March 2014 – Avance Gas Holding Ltd (“Avance Gas”; NOTC: AGHL) announced today its intention to conduct an initial public offering ("IPO") and listing of Avance Gas on the Oslo Stock Exchange. Subject to receiving the relevant corporate and regulatory approvals from the Oslo Stock Exchange as well as prevailing market conditions, the IPO is expected to price in April 2014. Avance Gas was established in 2007 by Stolt-Nielsen Limited to participate in the fast growing LPG market. Since incorporation, the Company has grown its fleet through partnerships with Sungas Holdings Ltd. and Frontline 2012 Ltd., and through purchases of second-hand ships. Today, the fleet consists of six VLGC, with eight further newbuildings on order. Avance Gas is one of the leadi

Avance Gas announces successful completion of Private Placement29.11.2013 14:49 | Pressemelding

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Bermuda, 29 November 2013: Reference is made to the announcement made by Avance Gas Holding Ltd (”Avance Gas” or ”AGHL”) on 19 November 2013 regarding the successful completion of the subscription for a private placement of approximately 5.9 million new shares at a subscription price of US$ 17.00 per share, representing approximately US$ 100 million in gross proceeds (the ”Private Placement”). The Private Placement was successfully completed on, 28 November 2013, by Avance Gas issuing 5,882,352 new shares against gross proceeds of approximately US$ 100 million. Following completion of the Private Placement, Avance Gas has 30,383,710 shares issued and outstanding. The Board of Directors Avance Gas Holding Ltd Hamilton, Bermuda 28 November 2013   About Avance Gas Hol

Avance Gas to Purchase Frontline 2012’s Eight VLGC NBs and Completes Private Placement19.11.2013 18:13 | Pressemelding

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S.  NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Bermuda, 19 November 2013: Avance Gas Holding Ltd (“Avance Gas” or “AGHL”) is pleased to announce that it has agreed terms to purchase Frontline 2012’s eight 83,000 cbm Very Large Gas Carrier (“VLGC”) newbuildings to be built at Jiangnan Shipyard, China. Delivery of the first ship is scheduled for August 2014, with the subsequent seven ships coming at two to three month intervals thereafter. The agreed purchase price is US$ 75 million per ship delivered ex-yard. Avance will pay 23% of the purchase price upfront, with the balance to be paid upon delivery. Frontline 2012 will retain responsibility for newbuilding supervision until delivery. AGHL is also pleased to announce that it has successfully completed the subscription of a private placement of 5.9 million new

Avance Gas Holding Ltd. operates in the global market for transportation of liquefied petroleum gas (LPG). The company owns and operates six very large gas carriers (VLGC), and aims to grow further and act as a consolidator in the VLGC market. After acquiring Frontline 2012 Ltd’s eight VLGC newbuildings, Avance Gas will become the third largest independent VLGC operator in the world. Avance Gas is listed on the Norwegian OTC market in Oslo with the ticker AGHL.
  • Avance Gas Holding Ltd.
  • Grev Wedels plass 5
  • 0102 Oslo, Norway