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HAFNIA LIMITED: Transactions made under share buyback program

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Hafnia (NYSE: HAFN) has initiated a share buyback program to repurchase up to 18 million shares for a maximum of USD 100 million between December 2, 2024, and January 27, 2025. From December 2-6, 2024, the company purchased 2,780,000 shares at an average price of USD 5.59 per share, totaling USD 15.5 million.

The transactions were executed across both the Oslo Stock Exchange (OSE) and NYSE, with 1,240,000 shares purchased on OSE at an average price of USD 5.54 and 1,540,000 shares on NYSE at USD 5.63. Following these transactions, Hafnia owns 3,282,358 of its own shares, representing 0.64% of its total issued share count.

Hafnia (NYSE: HAFN) ha avviato un programma di riacquisto di azioni per riacquistare fino a 18 milioni di azioni per un massimo di 100 milioni di USD tra il 2 dicembre 2024 e il 27 gennaio 2025. Dal 2 al 6 dicembre 2024, l'azienda ha acquistato 2.780.000 azioni a un prezzo medio di 5,59 USD per azione, per un totale di 15,5 milioni di USD.

Le transazioni sono state eseguite sia sulla Borsa di Oslo (OSE) che sul NYSE, con 1.240.000 azioni acquistate sull'OSE a un prezzo medio di 5,54 USD e 1.540.000 azioni sul NYSE a 5,63 USD. Dopo queste transazioni, Hafnia possiede 3.282.358 delle proprie azioni, che rappresentano lo 0,64% del totale delle azioni emesse.

Hafnia (NYSE: HAFN) ha iniciado un programa de recompra de acciones para recomprar hasta 18 millones de acciones por un m谩ximo de 100 millones de USD entre el 2 de diciembre de 2024 y el 27 de enero de 2025. Desde el 2 hasta el 6 de diciembre de 2024, la compa帽铆a adquiri贸 2.780.000 acciones a un precio medio de 5,59 USD por acci贸n, totalizando 15,5 millones de USD.

Las transacciones se realizaron tanto en la Bolsa de Oslo (OSE) como en el NYSE, con 1.240.000 acciones compradas en OSE a un precio promedio de 5,54 USD y 1.540.000 acciones en el NYSE a 5,63 USD. Tras estas transacciones, Hafnia posee 3.282.358 de sus propias acciones, que representan el 0,64% del total de acciones emitidas.

顷橅攧雼堨晞(NYSE: HAFN)電 2024雲 12鞗 2鞚茧秬韯 2025雲 1鞗 27鞚缄箤歆 斓滊寑 1鞏 雼煬 攴滊搿 1800毵 欤茧ゼ 鞛Г鞛呿晿電 欤检嫕 毵れ瀰 頂勲攴鸽灗鞚 鞁滌瀾頄堨姷雼堧嫟. 2024雲 12鞗 2鞚茧秬韯 6鞚 靷澊鞐 須岇偓電 韽夑窢 5.59雼煬鞐 2,780,000欤毳 甑Г頃橃棳 齑 1,550毵 雼煬毳 歆於滍枅鞀惦媹雼.

瓯半灅電 鞓れ姮搿 歃濌秾 瓯半灅靻(OSE)鞕 NYSE 氇憪鞐愳劀 鞁ろ枆霅橃棃鞙茧┌, OSE鞐愳劀 1,240,000欤茧ゼ 韽夑窢 5.54雼煬鞐, NYSE鞐愳劀 1,540,000欤茧ゼ 5.63雼煬鞐 甑Г頄堨姷雼堧嫟. 鞚措煬頃 瓯半灅 頉 顷橅攧雼堨晞電 3,282,358欤检潣 鞛愳偓欤茧ゼ 氤挫湢頃橁矊 霅橃柎 鞝勳泊 氚滍枆 欤检嫕 靾橃潣 0.64%毳 彀頃橁矊 霅橃棃鞀惦媹雼.

Hafnia (NYSE: HAFN) a lanc茅 un programme de rachat d'actions pour racheter jusqu'脿 18 millions d'actions pour un maximum de 100 millions de USD entre le 2 d茅cembre 2024 et le 27 janvier 2025. Du 2 au 6 d茅cembre 2024, la soci茅t茅 a achet茅 2.780.000 actions 脿 un prix moyen de 5,59 USD par action, totalisant 15,5 millions de USD.

Les transactions ont 茅t茅 ex茅cut茅es 脿 la fois sur la Bourse d'Oslo (OSE) et sur le NYSE, avec 1.240.000 actions achet茅es sur l'OSE 脿 un prix moyen de 5,54 USD et 1.540.000 actions sur le NYSE 脿 5,63 USD. Apr猫s ces transactions, Hafnia d茅tient 3.282.358 de ses propres actions, repr茅sentant 0,64 % du nombre total d'actions 茅mises.

Hafnia (NYSE: HAFN) hat ein Aktienr眉ckkaufprogramm initiiert, um bis zu 18 Millionen Aktien f眉r maximal 100 Millionen USD zwischen dem 2. Dezember 2024 und dem 27. Januar 2025 zur眉ckzukaufen. Vom 2. bis 6. Dezember 2024 erwarb das Unternehmen 2.780.000 Aktien zu einem Durchschnittspreis von 5,59 USD pro Aktie, was insgesamt 15,5 Millionen USD entspricht.

Die Transaktionen wurden sowohl an der B枚rse Oslo (OSE) als auch an der NYSE durchgef眉hrt, wobei 1.240.000 Aktien an der OSE zu einem Durchschnittspreis von 5,54 USD und 1.540.000 Aktien an der NYSE zu 5,63 USD gekauft wurden. Nach diesen Transaktionen h盲lt Hafnia 3.282.358 eigene Aktien, was 0,64 % der insgesamt ausgegebenen Aktien entspricht.

Positive
  • Significant share buyback program of up to USD 100 million demonstrates strong financial position
  • Quick execution with USD 15.5 million worth of shares already purchased in the first week
  • Buyback program indicates management's confidence in company's value
Negative
  • None.

Insights

The share buyback program demonstrates Hafnia's robust financial position and confidence in its stock value. The company has committed up to $100 million to repurchase 18 million shares, with $15.5 million already deployed in the first week at an average price of $5.59 per share. The program's execution across both OSE and NYSE shows strategic market approach and strong liquidity management. With only 0.64% of total shares repurchased so far, there's significant room for continued buybacks, which typically support share price by reducing float and increasing EPS. The timing and pricing of purchases indicate disciplined capital allocation, with daily volumes managed to minimize market impact while maximizing value.

The systematic execution of the buyback across dual listings reveals sophisticated market engagement. Trading patterns show higher NYSE volumes, suggesting stronger U.S. market liquidity. Daily price variations from $5.27 to $5.84 indicate opportunistic buying strategy, with increased volumes on price dips. The program's short duration (December 2024 - January 2025) creates a concentrated buying pressure that could support share price stability. The 15.4% completion rate in just the first week signals strong commitment to the program. This aggressive pace, if maintained, could lead to early completion and potentially trigger positive market sentiment.

SINGAPORE--(BUSINESS WIRE)-- Reference is made to the stock exchange announcement made by Hafnia Limited (鈥淗afnia鈥 or the 鈥淐ompany鈥, OSE ticker code: 鈥淗AFNI鈥, NYSE ticker code: 鈥淗AFN鈥) on December 2, 2024, of the launch of Hafnia鈥檚 program to repurchase up to 18,000,000 of the Company鈥檚 shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, 鈥淧areto鈥).

For the period from and including December 2, 2024, through December 6, 2024, the Company purchased a total of 2,780,000 shares at an average price of USD 5.59 per share. Please find below for a transaction overview.

Date

Trading

Venue

Aggregated daily volume

(number of shares)

Weighted average share

price (USD)

Total daily transaction

value (USD)

Dec 2, 2024

OSE

235,000

5.57

1,309,575

Dec 2, 2024

NYSE

380,000

5.62

2,134,498

Dec 3, 2024

OSE

220,000

5.69

1,252,469

Dec 3, 2024

NYSE

375,484

5.82

2,184,115

Dec 4, 2024

OSE

270,000

5.84

1,575,749

Dec 4, 2024

NYSE

384,516

5.81

2,235,461

Dec 5, 2024

OSE

250,000

5.33

1,332,820

Dec 5, 2024

NYSE

-

-

-

Dec 6, 2024

OSE

265,000

5.29

1,402,291

Dec 6, 2024

NYSE

400,000

5.27

2,109,320

Period total

OSE

1,240,000

5.54

6,872,903

NYSE

1,540,000

5.63

8,663,394

Total

2,780,000

5.59

15,536,297

Previously disclosed buy-back under the program (accumulated)

OSE

-

-

-

NYSE

-

-

-

Total

-

-

-

Accumulated under the buy-back program

OSE

1,240,000

5.54

6,872,903

NYSE

1,540,000

5.63

8,663,394

Total

2,780,000

5.59

15,536,297

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 3,282,358 of its own shares, corresponding to 0.64% of Hafnia鈥檚 total issued share count.

Appendix:

An overview of all transactions made under the program that have been carried out during the above-mentioned period is attached to this report and available at .

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.

About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

For further information, please contact:

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

How many shares will Hafnia (HAFN) buy back in its current program?

Hafnia plans to repurchase up to 18 million shares for a maximum of USD 100 million between December 2, 2024, and January 27, 2025.

What is the average price Hafnia (HAFN) paid for shares in December 2-6, 2024?

Hafnia paid an average price of USD 5.59 per share during December 2-6, 2024, purchasing a total of 2,780,000 shares.

How many shares does Hafnia (HAFN) own after the recent buyback transactions?

After the recent buyback transactions, Hafnia owns 3,282,358 of its own shares, representing 0.64% of its total issued share count.

Hafnia Limited

NYSE:HAFN

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2.80B
278.01M
48.76%
29.78%
0.8%
Marine Shipping
Industrials
United States of America
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