Navigator .(NVGS)
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Navigator Gas Announces Closing of Upsized Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
Newsfilter· 2024-06-13 20:10
Company Overview - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers and is a global leader in seaborne transportation services for petrochemical gases, including ethylene, ethane, liquefied petroleum gas, and ammonia [7] - The company owns a 50% share in an ethylene export marine terminal located at Morgan's Point, Texas, on the Houston Ship Channel [7] - Navigator Gas' fleet comprises 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [7] Secondary Offering Details - The company completed a secondary offering of 7,000,000 shares of its common stock at a public offering price of $15.00 per share [8] - The company did not offer any shares of its common stock in the secondary offering and did not receive any proceeds from the sale [5] - Citigroup and DNB Markets, Inc. served as joint book-running managers for the secondary offering [9] Share Repurchase - In connection with the secondary offering, the company repurchased 3,500,000 shares at a price of $14.52 per share, equal to the price paid by underwriters to the selling shareholder [1] - The share repurchase was funded with cash on hand and approved by a Special Committee of the Board, as well as the Board itself [1] - The share repurchase closed concurrently with the completion of the secondary offering [1]
Navigator Gas Announces Closing of Upsized Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
GlobeNewswire News Room· 2024-06-13 20:10
Core Points - Navigator Gas announced the closing of a public offering of 7,000,000 shares at a price of $15.00 per share, conducted by BW Group Limited as the selling shareholder [8] - The company did not offer any shares of its own common stock in the Secondary Offering and did not receive any proceeds from the sale [4] - The company purchased 3,500,000 shares from the underwriters at a price of $14.52 per share, funded with cash on hand [2] Company Overview - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers and is a leader in seaborne transportation services for petrochemical gases, including ethylene, ethane, liquefied petroleum gas, and ammonia [10] - The fleet consists of 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [10] - The company owns a 50% share in an ethylene export marine terminal located at Morgan's Point, Texas [10] Financial Information - The Secondary Offering was made through a prospectus supplement filed with the SEC, which became effective on July 11, 2023 [1] - Citigroup and DNB Markets, Inc. served as joint book-running managers for the Secondary Offering [9]
Navigator Gas Announces Pricing of Upsized Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
GlobeNewswire News Room· 2024-06-12 11:35
LONDON, June 12, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (NYSE: NVGS) ("Navigator Gas," the "Company," "we," or "our") announced today the upsize and pricing of the previously announced public offering (the "Secondary Offering") of a total of 7,000,000 shares of the Company's common stock (the "Offered Shares") by BW Group Limited, as the selling shareholder of the Company (the "Selling Shareholder"), at a public offering price of $15.00 per share. The Secondary Offering is expected to close on or ...
Navigator Gas Announces Pricing of Upsized Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
Newsfilter· 2024-06-12 11:35
In addition, as previously announced, the Company intends to purchase from the underwriters in the Secondary Offering half of the Offered Shares (the "Share Repurchase"), representing 3,500,000 shares, at a price per share of $14.52, which is equal to the price per share to be paid by the underwriters to the Selling Shareholder in the Secondary Offering. The underwriters will not receive any discount or commission in respect of the shares of common stock purchased by the Company from the underwriters in the ...
Navigator Gas Announces Commencement of Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
Newsfilter· 2024-06-11 20:25
Group 1 - Navigator Gas filed a shelf registration statement on Form F-3 for a Secondary Offering of its common stock, which was declared effective on July 11, 2023 [1] - The Secondary Offering involves the sale of 6,000,000 shares by BW Group Limited, the selling shareholder, and the company will not receive any proceeds from this sale [10][11] - The company plans to repurchase 3,000,000 shares from the underwriters at the same price as the offering, funded by cash on hand, and this repurchase is contingent upon the completion of the Secondary Offering [12] Group 2 - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers and is a leader in the transportation of petrochemical gases [3] - The company's fleet includes 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [3] - Navigator Gas trades on the New York Stock Exchange under the symbol "NVGS" [4]
Navigator Gas Announces Commencement of Secondary Public Offering by Selling Shareholder and Concurrent Repurchase of Shares by Navigator Gas
GlobeNewswire News Room· 2024-06-11 20:25
Core Viewpoint - Navigator Holdings Ltd. is conducting a Secondary Offering of 6,000,000 shares of its common stock, with the selling shareholder being BW Group Limited, while the company itself will not receive any proceeds from this offering [6]. Group 1: Secondary Offering Details - The Secondary Offering involves a total of 6,000,000 shares being offered to the public [6]. - Citigroup and DNB Markets, Inc. are acting as joint book-running managers for the Secondary Offering [2]. - The company plans to repurchase 3,000,000 shares from the underwriters at the same price as the offering, funded by cash on hand [7]. Group 2: Company Overview - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers and is a leader in the transportation of petrochemical gases [13]. - The fleet consists of 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [13]. - The company also holds a 50% stake in an ethylene export marine terminal located at Morgan's Point, Texas [13]. Group 3: Regulatory Information - A shelf registration statement for the shares related to the Secondary Offering was filed with the SEC on June 28, 2023, and declared effective on July 11, 2023 [12]. - The offering will be conducted via a prospectus supplement and accompanying prospectus filed with the SEC [12].
Navigator Gas Announces 2024 Annual Meeting
globenewswire.com· 2024-05-29 14:30
Core Points - Navigator Holdings Ltd. is set to hold its 2024 Annual Meeting on June 24, 2024, at 09:00 A.M. local time in New York [1] - The record date for voting at the Annual Meeting is May 17, 2024, where shareholders will vote on the election of Board members and the appointment of PricewaterhouseCoopers LLP as the independent public accounting firm [2] - The Notice of the Meeting and Proxy Statement will be mailed on or about May 29, 2024, and will be available on the U.S. Securities and Exchange Commission's website [3] - The Company has filed its 2023 Form 20-F with the U.S. Securities and Exchange Commission, which is accessible on its website [4] Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers and is a leader in seaborne transportation services for petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [5] - The fleet consists of 56 semi- or fully-refrigerated liquefied gas carriers, with 25 capable of transporting ethylene and ethane [5] - The Company holds a 50% share in a joint venture for an ethylene export marine terminal at Morgan's Point, Texas, enhancing its role in the liquefied gas supply chain [5] - Navigator Gas' common stock is traded on the New York Stock Exchange under the symbol "NVGS" [6]
Navigator Gas Announces 2024 Annual Meeting
Newsfilter· 2024-05-29 14:30
Core Points - Navigator Holdings Ltd. is set to hold its 2024 Annual Meeting on June 24, 2024, at 09:00 A.M. local time in New York [1] - The record date for voting at the Annual Meeting is May 17, 2024, where shareholders will vote on the Board of Directors' election and the appointment of PricewaterhouseCoopers LLP as the independent public accounting firm [2] - The Notice of the Meeting and Proxy Statement will be mailed around May 29, 2024, and will be available on the U.S. Securities and Exchange Commission's website [3] - The Company has filed its 2023 Form 20-F with the U.S. Securities and Exchange Commission, which is accessible on its website [4] - Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers, consisting of 56 semi- or fully-refrigerated carriers, with 25 capable of transporting ethylene and ethane [5] - The Company holds a 50% share in an ethylene export marine terminal at Morgan's Point, Texas, enhancing its role in the liquefied gas supply chain [5] - Navigator Gas trades on the New York Stock Exchange under the symbol "NVGS" [6]
WEBINAR INVITATION | Navigator Gas (NYSE: NVGS) Live Investor Webinar on Thursday, May 30, 2024, at 11:00 am ET
Newsfilter· 2024-05-23 17:22
Participants can submit their questions either during the webinar through the online platform or can emailing our team at webinars@capitallink.com ABOUT NAVIGATOR GAS NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Navigator Gas (NYSE:NVGS) senior management, will participate in a live discussion with Mr. Nicolas Bornozis, President of Capital Link covering such topics as Navigator's business development, company strategy, growth prospects, and overall sector outlook. The discussion will be followed by a live Q& ...
Navigator .(NVGS) - 2024 Q1 - Quarterly Report
2024-05-15 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 2024 Commission File Number 001-36202 NAVIGATOR HOLDINGS LTD. (Translation of registrant's name into English) c/o NGT Services (UK) Ltd 10 Bressenden Place, London, SW1E 5DH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will ...