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HAFNIA LIMITED: Update on Share Buyback Program

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Hafnia (NYSE: HAFN) announced a temporary pause in its recently launched $100 million share buyback program. The program, which began on December 2, 2024, will be suspended from December 23, 2024, to January 5, 2025, resuming on January 6, 2025, without additional announcements. All other terms from the initial launch announcement remain unchanged.

Hafnia operates as a leading global tanker owner with approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and pool management. The company employs over 4,000 staff globally across offices in Singapore, Copenhagen, Houston, and Dubai.

Hafnia (NYSE: HAFN) ha annunciato una pausa temporanea nel suo recente programma di riacquisto di azioni da 100 milioni di dollari. Il programma, iniziato il 2 dicembre 2024, sar脿 sospeso dal 23 dicembre 2024 al 5 gennaio 2025, riprendendo il 6 gennaio 2025, senza ulteriori annunci. Tutti gli altri termini dell'annuncio di lancio iniziale rimangono invariati.

Hafnia opera come un importante proprietario globale di petroliere con circa 200 navi, fornendo servizi di spedizione integrati, tra cui gestione tecnica, servizi commerciali e gestione del pool. L'azienda impiega oltre 4.000 persone a livello globale in uffici situati a Singapore, Copenhagen, Houston e Dubai.

Hafnia (NYSE: HAFN) anunci贸 una pausa temporal en su reciente programa de recompra de acciones de 100 millones de d贸lares. El programa, que comenz贸 el 2 de diciembre de 2024, se suspender谩 del 23 de diciembre de 2024 al 5 de enero de 2025, reanud谩ndose el 6 de enero de 2025, sin nuevos anuncios. Todos los dem谩s t茅rminos del anuncio de lanzamiento inicial permanecen sin cambios.

Hafnia opera como un propietario global l铆der de petroleros con aproximadamente 200 buques, ofreciendo servicios de transporte integrados que incluyen gesti贸n t茅cnica, servicios comerciales y gesti贸n de pool. La empresa emplea a m谩s de 4,000 personas a nivel global en oficinas ubicadas en Singapur, Copenhague, Houston y Dub谩i.

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顷橅攧雼堨晞電 鞎 200觳欖潣 靹犽皶鞚 氤挫湢頃 靹戈硠鞝侅澑 韮膘护 靻岇湢欤茧靹, 旮办垹 甏毽, 靸侅梾 靹滊箘鞀 氚 頀 甏毽 霌 韱淀暕 鞖挫啞 靹滊箘鞀るゼ 鞝滉车頃╇媹雼. 鞚 須岇偓電 鞁标皜韽ゴ, 旖旐帨頃橁矏, 頊挫姢韯 氚 霊愲皵鞚挫棎 鞛堧姅 靷靻岆ゼ 韱淀暣 鞝 靹戈硠鞝侅溂搿 4,000氇 鞚挫儊鞚 歆侅洂霌れ澊 攴茧頃橁碃 鞛堨姷雼堧嫟.

Hafnia (NYSE: HAFN) a annonc茅 une pause temporaire dans son programme de rachat d'actions de 100 millions de dollars r茅cemment lanc茅. Le programme, qui a commenc茅 le 2 d茅cembre 2024, sera suspendu du 23 d茅cembre 2024 au 5 janvier 2025, reprenant le 6 janvier 2025, sans annonces suppl茅mentaires. Tous les autres termes de l'annonce de lancement initial restent inchang茅s.

Hafnia agit en tant que propri茅taire mondial de p茅troliers avec environ 200 navires, offrant des services d'exp茅dition int茅gr茅s comprenant la gestion technique, les services commerciaux et la gestion de pool. L'entreprise emploie plus de 4 000 personnes dans le monde entier dans des bureaux situ茅s 脿 Singapour, Copenhague, Houston et Duba茂.

Hafnia (NYSE: HAFN) hat eine vor眉bergehende Pause in ihrem k眉rzlich gestarteten Aktienr眉ckkaufprogramm im Wert von 100 Millionen US-Dollar bekannt gegeben. Das Programm, das am 2. Dezember 2024 begann, wird vom 23. Dezember 2024 bis zum 5. Januar 2025 ausgesetzt und am 6. Januar 2025 ohne weitere Ank眉ndigungen wieder aufgenommen. Alle anderen Bedingungen aus der urspr眉nglichen Bekanntmachung bleiben unver盲ndert.

Hafnia funktioniert als f眉hrender globaler Tankerbesitzer mit etwa 200 Schiffen und bietet integrierte Schifffahrtsdienstleistungen an, einschlie脽lich technischer Verwaltung, kommerzieller Dienstleistungen und Pool-Management. Das Unternehmen besch盲ftigt weltweit 眉ber 4.000 Mitarbeiter in B眉ros in Singapur, Kopenhagen, Houston und Dubai.

Positive
  • Ongoing $100 million share buyback program indicates strong financial position
  • Large fleet of approximately 200 vessels shows significant market presence
  • Diverse global operations with 4,000+ employees across multiple continents
Negative
  • Temporary suspension of buyback program might affect short-term stock price momentum

Insights

The $100 million share buyback pause announcement from Hafnia represents a temporary operational adjustment rather than a strategic shift. This brief two-week pause, spanning December 23 to January 5, aligns with typical year-end market liquidity conditions. The program's continuation on January 6 with unchanged terms maintains the company's commitment to returning value to shareholders.

The buyback program, representing approximately 4% of Hafnia's $2.5 billion market cap, reflects robust financial health in the tanker sector. Current tanker rates remain strong, supporting cash flow generation and capital return initiatives. The temporary pause likely aims to optimize execution during lower year-end trading volumes while ensuring compliance with regulatory requirements.

For investors, this routine administrative announcement doesn't alter the fundamental thesis behind the buyback strategy. The company's position as a leading tanker owner with approximately 200 vessels continues to benefit from stable demand for oil and chemical transportation services.

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, regarding the launch of a share buyback program of up to USD 100 million, from December 2, 2024, to January 27, 2025 (the "Buy-Back Program").

The Company hereby announces that the Buy-Back Program will be on pause with no shares being acquired by the Company from and including December 23, 2024, to and including January 5, 2025.

The Buy-Back Program will commence again on January 6, 2025, without further announcement.

Otherwise the terms set out in the launch announcement on December 2, 2024, remain unchanged.

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:

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

When will Hafnia's (HAFN) share buyback program resume in 2025?

Hafnia's share buyback program will resume on January 6, 2025, following a temporary pause from December 23, 2024, to January 5, 2025.

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

Hafnia's current share buyback program has a total value of up to USD 100 million.

How long is Hafnia's (HAFN) current share buyback program scheduled to run?

The share buyback program is scheduled to run from December 2, 2024, to January 27, 2025.

How many vessels does Hafnia (HAFN) currently operate in its fleet?

Hafnia operates approximately 200 vessels in its fleet.

How many employees does Hafnia (HAFN) currently have?

Hafnia employs over 4,000 employees both onshore and at sea.

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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