Oslo, 13 July 2024
Reference is made to the offer document dated 23 May 2024 issued by SAS Shipping Agencies Services Sàrl (the "Offeror") in respect of the recommended voluntary cash offer to acquire all issued and outstanding shares in Gram Car Carriers ASA ("GCC" or the "Company") for a cash consideration of NOK 263.69 per share.
Reference is further made to the stock exchange announcement on 11 July 2024 at 15:40 CEST (the "Notice"), regarding mandatory notification of transactions by primary insiders, including the settlement of the Company's share option program (the "Share Option Program"). The final calculations of the consideration for the share options under the Share Option Program have been completed. The share options provided under the Share Option Program will therefore be settled in cash to the members of the Company's executive management as specified in the Notice.
For further details about the transactions related to the settlement of the Share Option Program, please see the enclosed forms.
About Gram Car Carriers ASA:
GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 17 vessels, across the Distribution, Mid-size and Panamax segments. The Company serves as a trusted provider of high-quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators.
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.