2020 Bulkers Ltd. (2020): Mandatory notification of trade

Two senior managers of 2020 Bulkers Ltd. were allocated shares at USD 0,299 per share in a private placement with gross proceeds of USD 175 million. A stock exchange announcement of 24 September 2026 described the placement as completed.

Key details

• Chief Financial Officer Vidar Hasund was allocated 2 129 675 shares at the offer price of USD 0,299 per share.
• Assuming completion of the private placement, Vidar Hasund will own 2 174 675 shares in 2020 Bulkers Ltd.
• Chief Executive Officer Lars-Christian Svensen was allocated 212 965 shares at the offer price of USD 0,299 per share.
• Assuming completion of the private placement, Lars-Christian Svensen will own 217 665 shares in 2020 Bulkers Ltd.
• The notice was made under insider-trading disclosure rules for people with managerial responsibilities: article 19 of the EU market abuse regulation and section 5-12 of the Norwegian Securities Trading Act.

What’s still pending

• The post-placement shareholdings for both executives are stated as assuming completion of the private placement.

6ix AI wrote this summary from the release below and checked it against the release.