Sweden: Viking Supply Ships proposes new share issue25.09.2017 Sweden: Viking Supply Ships proposes new share issue
Sjöfarts Tidningen, 25 Sep 2017, online:-
The board in Swedish supply shipping company Viking Supply Ships (VSS) will propose a new share issue of about SEK 120mn (EUR 12.59mn USD 15.04mn) in Q4 2017 at an extraordinary meeting in November. This is in response to a required capital contribution and sufficient working capital to meet the requirements of the existing loan agreement. The plan is to invest the capital in Norwegian subsidiary Viking Supply Ships A/S which currently does not meet loan covenant requirements.
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