AVACF AVANCE GAS HOLDINGS LTD

Avance Gas Holding Ltd: Ex cash distribution USD 2.15 today

Avance Gas Holding Ltd: Ex cash distribution USD 2.15 today

Hamilton, Bermuda,

May 23, 2024

The shares in Avance Gas Holding Ltd (ticker: "AGAS") will be traded ex cash distribution of USD 2.15 per share as of today. The cash distribution of USD 2.15 consists of USD 0.99 in return of capital and USD 1.16 in dividend for the first quarter of 2024. The return of capital and dividend will be paid on May 31, 2024.

For further information, please contact:

Randi Navdal Bekkelund - Chief Financial Officer

Tel:

Email:

ABOUT AVANCE GAS

Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world's leading owners and operators of very large gas carriers (VLGCs) and owns sixteen LPG ships consisting of twelve modern VLGCs including four dual fuel LPG VLGCs and four dual fuel MGCs for delivery in 2025 and 2026. For more information about Avance Gas, please visit

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.



EN
23/05/2024

Underlying

AVACFAVANCE GAS HOLDINGS LTD

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on AVANCE GAS HOLDINGS LTD

 PRESS RELEASE
Free
AVACF AVANCE GAS HOLD...

Avance Gas Holding Ltd: Ex cash distribution USD 2.15 today

Avance Gas Holding Ltd: Ex cash distribution USD 2.15 today Hamilton, Bermuda, May 23, 2024 The shares in Avance Gas Holding Ltd (ticker: "AGAS") will be traded ex cash distribution of USD 2.15 per share as of today. The cash distribution of USD 2.15 consists of USD 0.99 in return of capital and USD 1.16 in dividend for the first quarter of 2024. The return of capital and dividend will be paid on May 31, 2024. For further information, please contact: Randi Navdal Bekkelund - Chief Financial Officer Tel: Email: ...

May 23, 2024 1 EN
Jørgen Lian
  • Jørgen Lian
Free Trial
AVACF AVANCE GAS HOLD...

Avance Gas (Hold, TP: NOK194.00) - Solid outlook being priced in

US production up 9% YOY since March has supported inventories and the arbitrage (currently implying cUSD95k/day rate). With current production levels, and VLGC deliveries to slow, we see an attractive earnings outlook backed by the FFA of USD70k/day for H2e. However, the LPG growth has outpaced crude oil (up 3%) and natural gas (up 0.5%) in the same period and EIA suggests it is set to decline. Still, we estimate total DPS of NOK30 in the next four quarters (18% of the current share price exclud...

AVACF AVANCE GAS HOLDINGS LTD
05/16/24 May 16, 2024 1 EN
 PRESS RELEASE
Free
AVACF AVANCE GAS HOLD...

Avance Gas Holding Ltd: Key information relating to return of capital ...

Avance Gas Holding Ltd: Key information relating to return of capital and dividend for the first quarter 2024 Bermuda, May 15, 2024 Key information relating to return of capital and dividend to be paid by Avance Gas Holding Ltd. for the first quarter 2024 is specified as per below. The distribution of return of capital will be made from the Company’s Contributed Surplus account which consists of previously paid in share premium transferred from the Company’s Share Premium account. Return of capital: $0.99 Dividend amount: $1.16 Declared currency: USD Last day including right: May 22, 20...

May 15, 2024 1 EN
 PRESS RELEASE
Free
AVACF AVANCE GAS HOLD...

Avance Gas Holding Ltd: First Quarter 2024 Earnings Release

Avance Gas Holding Ltd: First Quarter 2024 Earnings Release BERMUDA, May 15, 2024 – Avance Gas Holding Ltd (OSE: AGAS) (“Avance Gas” or the “Company”) today reports unaudited results for the first quarter 2024. HIGHLIGHTS The average time charter equivalent (TCE) rate basis discharge-to-discharge was $60,900/day, compared to $76,200/day for the fourth quarter 2023.TCE/day on load-to-discharge basis was $78,800/day compared to $71,900/day for the fourth quarter 2023. Adjustment related to load-to-discharge was positive $21 million or $17,900/day ...

May 15, 2024 1 EN
 PRESS RELEASE
Free
AVACF AVANCE GAS HOLD...

Avance Gas Holding Ltd (AGAS): Successfully completed the sale of our ...

Avance Gas Holding Ltd (AGAS): Successfully completed the sale of our sixth dual fuel VLGC newbuilding Hamilton, Bermuda May 10, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) announce the successful sale of the Very Large Gas Carrier (VLGC) newbuilding hull 2368 in connection with the delivery of her from Hanwha Ocean yard in South Korea. The VLGC with the intended name Avance Pollux was sold for an agreed price of $120 million less broker commission as previously announced in a press release dated December 8, 2023. The Company expect to record a book gain an...

May 10, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch