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EIG to stay Harbour’s largest shareholder
Washington–(ANTARA/Enterprise Wire)- EIG, a number one institutional investor to the worldwide vitality and infrastructure sectors, right now introduced that it has distributed shares of Harbour Vitality plc (HBR.L or the “Firm”) held by Harbour North Sea Holdings Ltd. (“Harbour North Sea”) to EIG fund buyers by means of a collection of distributions. Following the merger of Premier Oil plc and Chrysaor Holdings Ltd., Harbour North Sea acquired 36.46% of the Firm. EIG manages holdings within the Firm by means of an funding fund through a number of holding firms (the “EIG Holding Construction”). The distribution of shares although the EIG Holding Construction will end in quite a few regulatory filings.
EIG wish to clarify that:
• No shares of the Firm have been bought as a part of this distribution.
• Following this distribution, EIG will stay the most important shareholder of the Firm, holding roughly 16% of its excellent shares by means of managed automobiles and proprietary possession.
• R. Blair Thomas and Steven Farris will stay as Chairman and Director, respectively, of the Firm.
• The distribution is a taxable occasion for sure EIG affiliated shareholders, so a few of these shareholders could promote shares to cowl such tax obligations as and when essential.
“At present, EIG has distributed shares in Harbour Vitality to our fund buyers. As EIG continues to be the most important shareholder following the distribution, we stay dedicated to the sector, assured within the Firm’s present technique and supportive of its administration workforce,” stated R. Blair Thomas, EIG’s Chief Govt Officer.
About EIG
Contacts
Media Contact
FGS World
Kelly Kimberly / Brandon Messina
+1 212-687-8080
Supply: EIG
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