Hafnia Limited holds Scheme Meeting for Singapore Redomiciliation

Hafnia Limited held a Scheme Meeting on 11 September 2024, where shareholders voted on a proposed scheme of arrangement to facilitate the company's redomiciliation from Bermuda to Singapore. This decision is in accordance with Section 99 of the Bermuda Companies Act 1981, allowing the company to adopt a new constitution upon its continuance in Singapore. The shareholders approved the scheme, which is a significant step towards the company's strategic transition. A subsequent court hearing is scheduled for 19 September 2024, where Hafnia will petition the Supreme Court of Bermuda to sanction the approved scheme. If the court grants this sanction, the scheme will become binding on the company and its shareholders, contingent upon the filing of the court order with the Registrar of Companies in Bermuda. Shareholders are encouraged to participate in this hearing, highlighting the importance of their involvement in the process. The company anticipates that the redomiciliation will take effect around 1 October 2024, pending the court's sanction, the filing of the court order, and final approval from the Singapore Accounting and Corporate Regulatory Authority. This move is expected to enhance Hafnia's operational flexibility and align its corporate structure with its strategic goals. Hafnia Limited is a prominent player in the global shipping industry, specializing in the transportation of oil, oil products, and chemicals. With a fleet of approximately 200 vessels and a workforce of over 4,000 employees, the company is well-positioned to leverage its integrated shipping platform and expand its market presence following the redomiciliation.