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Oslo, 6 March 2026: Awilco LNG ASA ("Awilco LNG" or the "Company") is pleased to
announce that it has conditionally secured NOK 251.3 million, equivalent to
approximately USD 26 million, in a private placement of new shares (the "Private
Placement") towards a limited group of existing shareholders and new investors.
Awilco LNG also announces further progress on its previously announced strategic
trading initiative through ALNG Trading AS ("ALNG Trading"), and adjusted terms
to its existing sale-leaseback agreements with China Development Bank Financial
Leasing Co. Ltd. ("CDBL").
Jon Skule Storheill, CEO of Awilco LNG, comments: "We are excited to begin the
transformation of Awilco LNG ASA from a pure LNG shipping company into a more
integrated participant in the LNG value chain. With the launch of ALNG Trading,
we are establishing a trading and structuring platform led by experienced
commodity traders and financiers. Our vessels will support and complement these
activities while benefitting from increased cargo access as the trading
portfolio develops. Recent geopolitical developments confirm the potential for
this combination.
Through this equity raise, revised vessel lease terms, and the launch of the
trading business, we have completed the first phase of the strategic development
and look forward to building the platform together with our new and existing
shareholders."
Company update