05/04/2006 Exchange is delighted to welcome Goldenport Holdings Inc. to the Main Market
5 April 2006
The London Stock Exchange is delighted to welcome Goldenport Holdings Inc. to the Main Market.
Goldenport is the international shipping company that owns and operates a fleet of seventeen vessels that transport cargo worldwide. The fleet consists of nine dry bulk carriers and eight container vessels. Goldenport’s primary objective is to manage its fleet in a manner that allows it to maximise returns for shareholders and maintain profitability across the shipping cycle.
Shares in the Company were priced at 235 pence giving Goldenport a Market Capitalisation of approximately £164.2 million at admission, if an Over-allotment option is exercised.
Commenting on the Placing and Admission, Captain Paris Dragnis, Chief Executive Officer of Goldenport said:
“We are delighted to have successfully completed our admission to the Main Market and that trading on the London Stock Exchange started today. This is an exciting time in the company’s development and the diversification of the company’s capital base will provide a platform for the future growth of the company, by enabling the expansion of our fleet in order to drive future profitability.”
HSBC Bank plc acted as sole Sponsor, Global Co-ordinator and Bookrunner in relation to the Offer. Investec Bank (UK) Limited and Panmure Gordon (UK) Limited acted as Co-Lead Managers National Bank of Greece International Limited acted as Placing Agent.