Epic Gas Ltd. – Successful completion of Private Placement

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Epic Gas Ltd. – Successful completion of Private Placement

24 March 2017
Reference is made to the announcement made by Epic Gas Ltd. (the “Company”) on 16 March 2016 regarding a private placement of new shares in the Company (the “Private Placement”). The application period for the Private Placement ended on 23 March 2017 at 16:30 CET.
The Company has received applications for and allocated 18,438,035 shares in the Private Placement at a subscription price of NOK 15 per share, representing gross proceeds of NOK 276,570,525.00 (approximately equivalent of USD 32.6 million).
DNB Markets, a part of DNB Bank ASA, acted as manager (the “Manager”) in the Private Placement.
The shares allocated in the Private Placement are expected to be issued and delivered to the investors on or about 30 March 2017. The shares issued in the Private Placement will be ordinary shares of the Company ranking equal to the other shares issued by the Company and will be listed and tradable on Merkur Market, a multilateral trading facility operated by the Oslo Stock Exchange, under the ticker code “EPIC-ME”.
The net proceeds from the Private Placement will beused for working capital and general corporate purposes.
Following registration of the new share capital pertaining to the Private Placement, the Company will have an issued share capital of USD 703,860.57, divided into 70,386,057 shares, each with a nominal value of USD 0.01.

About Epic Gas
Epic Gas owns and operates a fleet of fully pressurised gas carriers providing seaborne services for the transportation of liquefied petroleum gas and petrochemicals. The company controls a fleet of 41 vessels which serve the international supply chains of leading oil majors and commodity traders throughout Asia, Europe, Africa and the Americas.
For further information, please contact:
Epic Gas Ltd.
ir@epic-gas.com
Uta Urbaniak-Sage, +65 6230 7818
Chief Financial Officer

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