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Vard Holdings Ltd (VARD.SI)

VARD.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Fincantieri says has 74.45 pct of Vard at end of offer
Friday, 24 Mar 2017 01:10pm EDT 

Italian shipbuilding group Fincantieri says: has 74.45 percent of Vard shares at end of takeover offer through unit . voluntary offer launched on November 13 by its unit Fincantieri Oil& Gas . Vard fully consolidated in Fincantieri group Further company coverage: [FCT.MI] (Reporting by Milan newsroom).  Full Article

Fincantieri postpones closing date of general offer for Vard shares to March 24
Friday, 10 Mar 2017 02:01am EST 

Fincantieri SpA : Final closing date in relation to the general offer by Fincantieri Oil & Gas for Vard Holdings Limited shares is extended to March 24 .The offer will not be extended beyond March 24.  Full Article

Vard secures framework agreement for the maintenance of five Norwegian coast guard vessels
Monday, 6 Mar 2017 05:22am EST 

Vard Holdings Limited - : Vard Secures A Framework Agreement For The Maintenance Of Five Norwegian Coast Guard Vessels .Total contract value is approximately NOK 48 million over a period of four years.  Full Article

Vard Holdings Limited secures contract for construction
Thursday, 2 Mar 2017 05:12am EST 

Vard Holdings Limited : Vard Secures Contract For The Construction Of One Pelagic Trawler For Research Fishing Company .Deal for contract value is approximately NOK 350 million..  Full Article

Fincantieri again extends closing date of tender offer on Vard's shares
Thursday, 2 Feb 2017 01:39am EST 

Fincantieri Spa :says extends buyout offer on Vard's shares to Feb. 16.  Full Article

Vard bags contracts for construction of 2 LNG powered ferries for Torghatten Nord
Tuesday, 10 Jan 2017 06:00am EST 

Vard Holdings Ltd : Vard secures contracts for construction of two LNG powered car- and passenger ferries for Torghatten Nord . Total contract value amounts to approximately NOK 600 million .Delivery of ferries is scheduled from Vard Brevik in Norway in 3Q 2018 and 4Q 2018 respectively.  Full Article

Fincantieri unit launches tender offer on remaining stake in Vard Holdings
Monday, 14 Nov 2016 04:57am EST 

Fincantieri SpA : Said on Sunday that its unit Fincantieri Oil & Gas SpA (Fincantieri O&G) launched a voluntary tender offer for the ordinary shares of Vard Holdings Limited (Vard) . Vard is a shipbuilder of offshore and specialized vessels . Fincantieri O&G currently holds 55.6 percent of Vard's share capital . The offer is for 523.5 million shares not already held by Fincantieri O&G, equal to 44.4 percent of Vard's share capital . The price per share will be 0.24 Singapore dollars, for a maximum consideration of 125.6 million Singapore dollars ($88.72 million) in case of full acceptance . The offer will be financed through available financial resources . The purpose of the offer is to delist Vard from the Singapore Stock Exchange and the offer is conditional upon Fincantieri O&G acquiring more than 90 percent of the total Vard shares .The transaction does not impact the forecasts and the quantitative targets previously published by Fincantieri.  Full Article

Vard Holdings says unit signs deal to buy Storvik Aqua AS
Thursday, 13 Oct 2016 07:33am EDT 

Vard Holdings Ltd : unit entered into SPA for acquisition of entire shareholding interest in Storvik Aqua AS from Storvik Aqua Holding AS . Consideration for transaction is approximately NOK 35 million ($4.33 million) . Consideration will be satisfied in cash .investment does not have any material impact on earnings per share and net tangible assets per share of company.  Full Article

Vard Holdings confirms Hapag-Lloyd Cruises contract
Thursday, 6 Oct 2016 05:09pm EDT 

Vard Holdings Limited - : Vard Confirms Contract For Two Luxury Expedition Cruise Vessels For Hapag-lloyd Cruises . Hulls of vessels will be built by Vard's shipyard in Tulcea, Romania . Hulls of vessels delivery is scheduled from Vard Langsten in Norway in 1Q 2019 and 4Q 2019 respectively .Effectiveness of contracts still subject to customary financing conditions.  Full Article

Vard Holdings appoints Giuseppe Coronella as non-executive chairman
Monday, 3 Oct 2016 11:30am EDT 

Vard Holdings Ltd :Appoints Giuseppe Coronella as non-executive chairman.  Full Article

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