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  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
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  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

HAFNIA LIMITED: Transactions Made Under Share Buyback Program

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’s program to repurchase up to 18,000,000 of the Company’s 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 January 6, 2025, through January 10, 2025, the Company purchased a total of 1,293,302 shares at an average price USD 5.63 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)

Jan 6, 2025

OSE

260,000

5.60

1,456,535

Jan 6, 2025

NYSE

403,302

5.65

2,276,922

Jan 7, 2025

OSE

230,000

5.57

1,280,982

Jan 7, 2025

NYSE

400,000

5.68

2,270,360

Period total

 

OSE

490,000

5.59

2,737,517

 

NYSE

803,302

5.66

4,547,282

 

Total

1,293,302

5.63

7,284,799

Previously disclosed buy-back under the program (accumulated)

 

OSE

3,760,000

5.35

20,111,477

 

NYSE

5,376,698

5.39

28,971,504

 

Total

9,136,698

5.37

49,082,981

Accumulated under the buy-back program

 

OSE

4,250,000

5.38

22,848,994

 

NYSE

6,180,000

5.42

33,518,786

 

Total

10,430,000

5.40

56,367,781

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 10,932,358 of its own shares, corresponding to 2.13% of Hafnia’s 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 www.newsweb.no.

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.

Contacts

For further information:

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

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