I.M. Skaugen SE has entered into a Market Making Agreement with SEB Enskilda AS for the company's shares (ticker: IMSK). The purpose of the agreement is to increase the turnover and tighten the spreads of IMSK. The Agreement is in accordance with the standard requirements of Oslo Stock Exchange. The Market Making Agreement is taking effect as of today, 04.05.2011.
We currently enjoy having 2 076 shareholders where 99% of these shareholders own 25% of the shares and the new arrangement is intended to offer these shareholders a more cost efficient and better liquidity arrangement.
I.M. Skaugen SE
If you have any questions, please contact:
Bente Flø, Chief Financial Officer, on telephone +47 23 12 03 30/+47 91 64 56 08 or by e-mail: bente.flo@skaugen.com. This press release is also available on the Internet at our website: http://www.skaugen.com.
I.M. Skaugen SE (IMS) is a marine transportation service company engaged in the transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer of crude oil and LNG, as well as design and construction of smaller, specialized high quality vessels. We are listed on the Oslo Stock Exchange under the ticker code, IMSK.
IMS employs approximately 2.000 people around the world and currently operates about 41 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG carriers, Aframax tankers and lightering support vessels, barges and tugs.