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HAFNIA LIMITED: Transactions made under share buyback program

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Hafnia (NYSE: HAFN) has provided an update on its share buyback program announced on December 2, 2024. From December 9-13, 2024, the company purchased 3,098,684 shares at an average price of $5.38 per share, totaling $16.66 million. The transactions were executed across both the OSE and NYSE platforms.

The cumulative buyback under the program now stands at 5,878,684 shares at an average price of $5.48, totaling $32.2 million. Following these transactions, Hafnia owns 6,381,042 of its own shares, representing 1.24% of its total issued share count. The program, capped at 18 million shares or $100 million, will continue until January 27, 2025.

Hafnia (NYSE: HAFN) ha fornito un aggiornamento sul suo programma di riacquisto di azioni annunciato il 2 dicembre 2024. Dal 9 al 13 dicembre 2024, l'azienda ha acquistato 3.098.684 azioni a un prezzo medio di $5,38 per azione, per un totale di 16,66 milioni di dollari. Le transazioni sono state eseguite sia sulle piattaforme OSE che NYSE.

Il totale dei riacquisti effettuati nell'ambito del programma ammonta ora a 5.878.684 azioni a un prezzo medio di $5,48, per un importo totale di 32,2 milioni di dollari. A seguito di queste transazioni, Hafnia possiede 6.381.042 delle proprie azioni, che rappresentano l'1,24% del totale delle azioni emesse. Il programma, limitato a 18 milioni di azioni o 100 milioni di dollari, continuer脿 fino al 27 gennaio 2025.

Hafnia (NYSE: HAFN) ha proporcionado una actualizaci贸n sobre su programa de recompra de acciones anunciado el 2 de diciembre de 2024. Del 9 al 13 de diciembre de 2024, la compa帽铆a compr贸 3.098.684 acciones a un precio promedio de $5,38 por acci贸n, lo que asciende a un total de 16,66 millones de d贸lares. Las transacciones se realizaron en las plataformas OSE y NYSE.

El total acumulado de recompra bajo el programa ahora es de 5.878.684 acciones a un precio promedio de $5,48, totalizando 32,2 millones de d贸lares. Tras estas transacciones, Hafnia posee 6.381.042 de sus propias acciones, lo que representa el 1,24% de su n煤mero total de acciones emitidas. El programa, limitado a 18 millones de acciones o 100 millones de d贸lares, continuar谩 hasta el 27 de enero de 2025.

頃橅攧雼堨晞 (NYSE: HAFN)電 2024雲 12鞗 2鞚检棎 氚滍憸霅 鞛愳偓欤 毵れ瀰 頂勲攴鸽灗鞐 雽頃 鞐呺嵃鞚错姼毳 鞝滉车頄堨姷雼堧嫟. 2024雲 12鞗 9鞚茧秬韯 13鞚缄箤歆, 須岇偓電 3,098,684欤毳 韽夑窢 欤茧嫻 $5.38鞐 毵れ瀰頃橃棳 齑 1,666毵 雼煬鞐 雼枅鞀惦媹雼. 鞚 瓯半灅電 OSE鞕 NYSE 頂岆灚韽 氇憪鞐愳劀 鞁ろ枆霅橃棃鞀惦媹雼.

順勳灛 頂勲攴鸽灗鞐 霐半ジ 雸勳爜 毵れ瀰鞚 5,878,684欤搿 韽夑窢 臧瓴╈潃 $5.48鞚措┌, 齑 3,220毵 雼煬鞛呺媹雼. 鞚措煬頃 瓯半灅 頉 頃橅攧雼堨晞電 6,381,042欤鞚 鞛愳偓欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅, 鞚措姅 氚滍枆霅 齑 欤检嫕 靾橃潣 1.24%毳 彀頃╇媹雼. 鞚 頂勲攴鸽灗鞚 1,800毵 欤 霕愲姅 1鞏 雼煬搿 頃滌爼霅橃柎 鞛堨溂氅, 2025雲 1鞗 27鞚缄箤歆 瓿勳啀霅╇媹雼.

Hafnia (NYSE: HAFN) a fourni une mise 脿 jour sur son programme de rachat d'actions annonc茅 le 2 d茅cembre 2024. Du 9 au 13 d茅cembre 2024, la soci茅t茅 a achet茅 3.098.684 actions 脿 un prix moyen de 5,38 $ par action, soit un total de 16,66 millions de dollars. Les transactions ont 茅t茅 ex茅cut茅es 脿 la fois sur les plateformes OSE et NYSE.

Le rachat cumul茅 dans le cadre du programme s'茅l猫ve d茅sormais 脿 5.878.684 actions 脿 un prix moyen de 5,48 $, totalisant 32,2 millions de dollars. 脌 la suite de ces transactions, Hafnia d茅tient 6.381.042 de ses propres actions, repr茅sentant 1,24 % de son nombre total d'actions 茅mises. Le programme, limit茅 脿 18 millions d'actions ou 100 millions de dollars, se poursuivra jusqu'au 27 janvier 2025.

Hafnia (NYSE: HAFN) hat ein Update zu seinem am 2. Dezember 2024 angek眉ndigten Aktienr眉ckkaufprogramm bereitgestellt. Vom 9. bis 13. Dezember 2024 hat das Unternehmen 3.098.684 Aktien zu einem Durchschnittspreis von 5,38 $ pro Aktie gekauft, insgesamt also 16,66 Millionen $. Die Transaktionen wurden sowohl an den Plattformen OSE als auch NYSE ausgef眉hrt.

Der kumulierte R眉ckkauf im Rahmen des Programms liegt nun bei 5.878.684 Aktien zu einem Durchschnittspreis von 5,48 $, insgesamt also 32,2 Millionen $. Nach diesen Transaktionen besitzt Hafnia 6.381.042 eigene Aktien, was 1,24 % der insgesamt ausgegebenen Aktien entspricht. Das Programm, das auf 18 Millionen Aktien oder 100 Millionen $ begrenzt ist, wird bis zum 27. Januar 2025 fortgef眉hrt.

Positive
  • Strong execution of share buyback program with $32.2M already deployed
  • Company demonstrates financial strength with $100M buyback commitment
  • Balanced acquisition strategy across NYSE and OSE markets showing good liquidity
Negative
  • Share buyback reduces cash available for operations or growth initiatives

Insights

The share buyback program's execution shows strong implementation with $16.66M worth of shares purchased in the latest week at an average price of $5.38. Total buybacks have reached $32.2M, representing about 32.2% of the $100M authorization. The company's strategic dual-market approach (NYSE and OSE) demonstrates liquidity management across exchanges. With 1.24% of shares now held in treasury, this represents meaningful progress toward capital return goals. The steady execution pace suggests confidence in the company's valuation and commitment to shareholder returns, while maintaining flexibility with significant remaining authorization.

The systematic execution of Hafnia's buyback program, acquiring shares at an average price of $5.38, reflects strong market positioning in the tanker sector. The timing aligns with industry strength in oil and product tanker markets. The company's ability to execute large daily volumes while maintaining price stability across both NYSE and OSE indicates robust market liquidity and investor interest. The $100M program size, representing about 3.6% of market cap, signals management's confidence in company fundamentals and commitment to capital return optimization.

SINGAPORE--(BUSINESS WIRE)-- Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") 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, "Pareto").

For the period from and including December 9, 2024, through December 13, 2024, the Company purchased a total of 3,098,684 shares at an average price USD 5.38 per share. Please find below for an transaction overview.

Date

Trading

Venue

Aggregated daily volume

(number of shares)

Weighted average share

price (USD)

Total daily transaction

value (USD)

Dec 9, 2024

OSE

262,367

5.30

1,389,417

Dec 9, 2024

NYSE

380,000

5.33

2,025,020

Dec 10, 2024

OSE

197,633

5.38

1,062,513

Dec 10, 2024

NYSE

380,000

5.48

2,083,008

Dec 11, 2024

OSE

270,000

5.43

1,466,425

Dec 11, 2024

NYSE

371,497

5.43

2,017,675

Dec 12, 2024

OSE

215,133

5.34

1,147,757

Dec 12, 2024

NYSE

372,336

5.36

1,996,912

Dec 13, 2024

OSE

264,867

5.32

1,408,578

Dec 13, 2024

NYSE

384,851

5.37

2,066,573

Period total

OSE

1,210,000

5.35

6,474,689

NYSE

1,888,684

5.39

10,189,188

Total

3,098,684

5.38

16,663,877

Previously disclosed buy-back under the program (accumulated)

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

Accumulated under the buy-back program

OSE

2,450,000

5.45

13,347,592

NYSE

3,428,684

5.50

18,852,582

Total

5,878,684

5.48

32,200,174

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 6,381,042 of its own shares, corresponding to 1.24% 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 has Hafnia (HAFN) bought back between December 9-13, 2024?

Hafnia bought back 3,098,684 shares between December 9-13, 2024, at an average price of $5.38 per share, totaling $16.66 million.

What is the total size of Hafnia's (HAFN) current share buyback program?

Hafnia's current share buyback program is capped at 18 million shares or $100 million, running from December 2, 2024, to January 27, 2025.

What percentage of shares does Hafnia (HAFN) own after recent buybacks?

Following the recent buybacks, Hafnia owns 6,381,042 of its own shares, representing 1.24% of its total issued share count.

How much has Hafnia (HAFN) spent in total on its current buyback program?

Hafnia has spent a total of $32.2 million on its current buyback program, purchasing 5,878,684 shares at an average price of $5.48.

On which exchanges is Hafnia (HAFN) conducting its share buybacks?

Hafnia is conducting its share buybacks on both the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE).

Hafnia Limited

NYSE:HAFN

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HAFN Stock Data

2.79B
278.01M
48.76%
29.78%
0.8%
Marine Shipping
Industrials
United States of America
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