Launch of compulsory acquisition of remaining issued and outstanding shares of Avenir LNG Limited by Stolt-Nielsen Limited

Core Viewpoint - Stolt-Nielsen Gas Ltd. has successfully completed the acquisition of Avenir LNG Limited, holding over 95% of its shares, and is proceeding with a compulsory acquisition of the remaining shares at a price of $1.00 per share [2][3][4]. Group 1: Transaction Details - The acquisition of Avenir LNG was finalized, with Stolt-Nielsen Gas Ltd. now owning more than 95$1.00 per Avenir LNG share, consistent with the initial transaction price [3]. Group 2: Settlement and Procedures - Settlement for the compulsory acquisition will follow standard procedures registered in the Euronext Securities Oslo system, with shareholders receiving NOK 11.19 per share, equivalent to $1.00 [4]. - Shareholders have a one-month window, starting March 11, 2025, to apply to the Supreme Court of Bermuda for an appraisal of their shares [6]. - Completion of the compulsory acquisition and settlement is anticipated around April 16, 2025, unless a shareholder requests a court appraisal [7]. Group 3: Shareholder Rights and Limitations - Holders of Sponsored Norwegian Depository Receipts (SNDRs) must contact Equro for exercising their rights as shareholders and for any court applications [8]. - There are specific limitations and risks associated with SNDRs, which are detailed in Equro's general business terms [9].