BUILDING A STRONG
FOUNDATION FOR GROWTH
AND OPPORTUNITY

NWS

“New World Supply 0.39% Ownership”

“The acquisition of 34.43% in New World Supply Ltd. resulted in a part ownership in six (6) medium sized sister PSV's from Damen shipyard in Holland.

In October 2018 two of the vessels were sold and in April 2019 the remaining four. All the vessel were sold at signifigant higher vessel value compared to acquisition price of the shares in NWS.

In July 2019, NWS proceeds with the repurchase of 98.86% of the issued ordinary shares from each shareholder. As a result, SD’s ownership in NWS is reduced to 0.39% of the issued share capital.



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