Core Viewpoint - Svitzer Group A/S has requested the delisting of its shares from Nasdaq Copenhagen, which has been accepted, with the last trading day set for May 22, 2025, due to a compulsory acquisition by APMHI Invest A/S starting May 23, 2025 [1][2]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals [4]. - The company operates approximately 450 vessels and serves around 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4]. - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [4].

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to Svitzer Group A/S’ (Svitzer) company announcement dated 16 May 2025 regarding the final result and completion of APMH Invest A/S’ (APMHI) all-cash voluntary recommended purchase offer to acquire all of the issued shares (the Shares) in Svitzer, except for Shares owned by APMHI and Shares held by Svitzer and/or its subsidiaries in treasury, if any. Follo ...

Core Viewpoint - Prosafe SE reported a decline in EBITDA for Q1 2025, but maintains high utilization of its fleet and is progressing on new contracts, indicating a focus on operational efficiency and future growth opportunities [1][3]. Financial Performance - EBITDA for Q1 2025 was USD 4.6 million, down from USD 7.2 million in the same period last year [1]. - Revenues decreased slightly to USD 33 million from USD 34 million year-over-year [4]. - Cash flow from operations improved to USD 28.4 million, compared to a negative USD 1.4 million in the previous year [4]. - Capital expenditures (Capex) increased significantly to USD 21.2 million from USD 1.7 million, attributed to the reactivation of vessels [4]. Operations and Contracts - The company had four active vessels during the quarter, with high utilization rates [1][3]. - Safe Notos was recently named the winner of a 4-year tender with Petrobras in Brazil, pending final contract [3]. - Safe Zephyrus has been extended with Petrobras until Q3 2027, and Safe Caledonia is reactivated for a UK contract starting June 1 [4]. Recapitalization and Financial Structure - A recapitalization plan has been agreed upon, equitizing USD 193 million of debt for 90% of the company's shares, supported by lenders [4]. - Existing shareholders will retain 5% ownership and have the option for an additional 5% at EUR 0.01 per share [4]. - The estimated post-recapitalization net debt is projected to be USD 220 million, with expected completion in Q3 2025 [4]. Market Outlook - Ongoing Petrobras tenders indicate strong market fundamentals in Brazil, while North Sea operators are planning future campaigns with a focus on 2027 and beyond [4]. - The increased backlog and improved market conditions position Prosafe for enhanced earnings in the future [4].

Group 1 - Svitzer Group A/S has received information regarding transactions made by members of its Board of Directors or Executive Management in connection with APMH Invest A/S' all-cash voluntary recommended purchase offer for all issued shares of Svitzer [1] - The offer excludes any Svitzer treasury shares and shares held by APMH Invest A/S, as detailed in the offer document published on April 2, 2025 [1] Group 2 - Svitzer is a leading global provider of towage and marine services, assisting large seaborne vessels in maneuvering in and out of ports and terminals [2] - The company operates approximately 450 vessels and serves around 2,000 customers in over 140 ports and 40 terminals across 37 countries [2] - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [2]

Company Overview - APMH Invest A/S, a wholly owned subsidiary of A.P. Møller Holding A/S, has made an all-cash voluntary recommended purchase offer to acquire all issued shares in Svitzer Group A/S, excluding shares owned by APMHI and treasury shares [1] - Svitzer is a leading global towage and marine services provider, founded in 1833, operating approximately 450 vessels and serving around 2,000 customers in over 140 ports and 40 terminals across 37 countries [3] Offer Details - APMHI has received acceptances representing approximately 93.4% of the entire share capital and voting rights in Svitzer, based on preliminary results [2] - The final result and completion of the Offer are expected to be announced on May 16, 2025 [2] Industry Context - Svitzer's services are critical for port infrastructure, assisting large seaborne vessels in maneuvering in and out of ports and terminals [3]

Core Viewpoint - APMH Invest A/S (APMHI) has extended its all-cash voluntary recommended purchase offer for Svitzer Group A/S shares until May 14, 2025, to obtain necessary regulatory approvals [2][3]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals. The company operates over 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [6]. Offer Details - APMHI's offer aims to acquire all issued shares in Svitzer, excluding those owned by APMHI and any treasury shares held by Svitzer [1]. - As of the latest update, APMHI has received acceptances representing approximately 90.7% of Svitzer's share capital and voting rights, satisfying the minimum acceptance condition [3]. - Shareholders who have accepted the offer remain bound by their acceptance through the extended offer period [4]. Regulatory Approvals - The extension of the offer period is necessary to secure approval from the UK Secretary of State under the National Security and Investment Act 2021, with prior approval already obtained from the Swedish Inspectorate of Strategic Products [2].