Insider TradingJun 18, 2026, 11:17 AM
Himalaya Shipping Chairman Enters New Forward Share Agreement
AI Summary
Himalaya Shipping Ltd.'s Chairman, Bjorn Isaksen, settled a previous forward purchase agreement for 200,000 common shares in cash. Concurrently, Mr. Isaksen entered into a new forward purchase agreement on June 17, 2026, to acquire another 200,000 common shares from Drew Holdings Ltd. for settlement on June 17, 2029, at a price of $15.22 per share, adjusted by 6% interest less dividends. Following these transactions, Mr. Isaksen and his close associates directly own 300,000 shares, with an additional beneficial interest in 200,000 shares through the new agreement.
Key Highlights
- Previous forward purchase agreement for 200,000 shares settled in cash on June 17, 2026.
- Cash settlement for the expired agreement was at $8.5742 per unit for 200,000 shares, totaling $1,714,840.
- Chairman Bjorn Isaksen entered a new forward purchase agreement for 200,000 common shares.
- New agreement strike price is $15.22 per share, adjusted by 6% interest less dividends.
- New agreement settlement date is June 17, 2029.
- Mr. Isaksen and close associates directly own 300,000 shares.
- Mr. Isaksen holds a beneficial interest in an additional 200,000 shares via the new agreement.
Price Impact
More from HSHP