6-K
Hafnia Ltd (HAFN)
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 month of January, 2025.
Commission File Number: 001-41996
HAFNIA LIMITED
c/o Hafnia SG Pte Ltd
10 Pasir Panjang Road,
#18-01 Mapletree Business City,
Singapore 117438
+65 6434 3770
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☑ Form 40-F ☐
INFORMATION CONTAINED IN THIS REPORT
Hafnia Limited (the “Company”) is filing this Report of Foreign Issuer on Form 6-K to report the repurchases carried out by Pareto Securities AS (“Pareto”), on behalf of the Company, of the Company’s ordinary shares, no par value, during the period from January 20 to January 24, 2025. Such repurchases were effected under the share repurchase program announced on November 27, 2024 and commenced on December 2, 2024, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and through a 10b5-1 plan set up through the Company’s agreement with Pareto. We are also announcing the completion of our share buyback program.
Attached hereto as Exhibit 99.1 is a copy of the press release, dated January 27, 2025, announcing such repurchase program transactions.
DOCUMENTS TO BE FURNISHED AS PART OF THIS FORM 6-K
| Exhibit Number | Exhibit Description |
|---|---|
| 99.1 | Press release of Hafnia Limited dated January 27, 2025 - Transactions made under share buyback program |
| 99.2 | Press release of Hafnia Limited dated January 27, 2025 - Share buyback program finalized |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HAFNIA LIMITED | ||
|---|---|---|
| By: | /s/ Petrus Wouter Van Echtelt | |
| Name: | Petrus Wouter Van Echtelt, | |
| Title: | Chief Financial Officer | |
| Date: January 27, 2025 |
Exhibit 99.1
HAFNIA LIMITED: Transactions made under share buyback program
Singapore, January 27, 2025
Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on December 2, 2024, of the launch of Hafnia’s program to repurchase up to 18,000,000 of the Company’s shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto").
For the period from and including January 20, 2025, through January 24, 2025, the Company purchased a total of 3,952,255 shares at an average price USD 5.14 per share. Please find below for an transaction overview.
| Date | Trading<br><br> <br>Venue | Aggregated daily volume<br><br> <br>(number of shares) | Weighted average share<br><br> <br>price (USD) | Total daily transaction<br><br> <br>value (USD) |
|---|---|---|---|---|
| Jan 20, 2025 | OSE | 340,000 | 5.22 | 1,773,791 |
| Jan 20, 2025 | NYSE | - | - | - |
| Jan 21, 2025 | OSE | 380,000 | 5.11 | 1,940,322 |
| Jan 21, 2025 | NYSE | 480,000 | 5.11 | 2,454,192 |
| Jan 22, 2025 | OSE | 360,000 | 5.05 | 1,819,718 |
| Jan 22, 2025 | NYSE | 525,949 | 5.08 | 2,671,716 |
| Jan 23, 2025 | OSE | 360,000 | 5.15 | 1,852,811 |
| Jan 23, 2025 | NYSE | 514,051 | 5.25 | 2,700,927 |
| Jan 24, 2025 | OSE | 400,000 | 5.17 | 2,067,556 |
| Jan 24, 2025 | NYSE | 592,255 | 5.14 | 3,045,790 |
| Period total | ||||
| --- | ||||
| OSE | 1,840,000 | 5.14 | 9,454,197 | |
| --- | --- | --- | --- | |
| NYSE | 2,112,255 | 5.15 | 10,872,624 | |
| Total | 3,952,255 | 5.14 | 20,326,821 | |
| Previously disclosed buy-back under the program (accumulated) | ||||
| --- | ||||
| OSE | 4,250,000 | 5.38 | 22,848,994 | |
| --- | --- | --- | --- | |
| NYSE | 6,180,000 | 5.42 | 33,518,786 | |
| Total | 10,430,000 | 5.40 | 56,367,781 | |
| Accumulated under the buy-back program | ||||
| --- | ||||
| OSE | 6,090,000 | 5.30 | 32,303,191 | |
| --- | --- | --- | --- | |
| NYSE | 8,292,255 | 5.35 | 44,391,410 | |
| Total | 14,382,255 | 5.33 | 76,694,601 |
The issuer's holding of repurchased shares:
Following the completion of the above transactions, the Company owns a total of 14,884,613 of its own shares, corresponding to 2.90% of Hafnia’s total issued share count.
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Appendix:
An overview of all transactions made under the program that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
* * *
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.
As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.
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Exhibit 99.2
HAFNIA LIMITED: Share buyback program finalized
Singapore, January 27, 2025
Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") has on January 24, 2025, finalized the repurchase of shares under the share buyback program announced on December 2, 2024.
The program was carried out by Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto") based on a non-discretionary mandate.
The total program comprised 14,382,255 shares repurchased in the market for a total consideration of USD 76.69 million. The weighted average price for the shares was USD 5.33.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
* * *
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.
As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.
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