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KDM Shipping Public Limited: Amendment to the Shipbuilding Contract with China Machinery Engineering Corporation and Jingjiang Nanyang Shipbuilding Co. Ltd for construction of new 6,000 DWT dry cargo vessels (2012-12-03)

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UNI-EN 13:Amendment to the Shipbuilding Contract with China Machinery Engineering Corporation and Jingjiang Nanyang Shipbuilding Co. Ltd for construction of new 6,000 DWT dry cargo vessels

Firma: KDM SHIPPING PUBLIC LIMITED
Spis treści:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załączników:
  1. 03 December 2012_current_report_13.pdf PDF Format file

POLISH FINANCIAL SUPERVISION AUTHORITY









UNI - EN REPORT No 13 / 2012





Date of issue: 2012-12-03
Short name of the issuer
KDM SHIPPING
Subject
Amendment to the Shipbuilding Contract with China Machinery Engineering Corporation and Jingjiang Nanyang Shipbuilding Co. Ltd for construction of new 6,000 DWT dry cargo vessels
Official market - legal basis
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe
Unofficial market - legal basis
Contents of the report:
In connection with the information published on 16 July 2012 (in the Prospectus dated 16 July 2012 prepared in connection with the public offering), the Management of KDM Shipping Public Limited (the Company") discloses that the Company has signed renewed shipbuilding contract with China Machinery Engineering Corporation and Jingjiang Nanyang Shipbuilding Co. Ltd, (the “Shipbuilding Contract 1"). Following changes have been introduced into the Shipbuilding Contract 1:
1.Increase of the number of newbuild ships from 4 to 6 dry bulk cargo vessels of 6,000 Deadweight tons (DWT) and a draft of 4.11 meters;
2.Price for each vessel shall be USD 8,482,000 (reduced from USD 13,477,500 under the original contract terms) payable in 4 installments with a 20% down payment.
Under the contract terms, ship construction shall begin in 2013 with delivery of first ship within 15 months and last ship within 27 month from start construction.
Annexes
File Description
03 December 2012_current_report_13.pdf
03 December 2012_current_report_13.pdf
PDF Format file

(fullname of the issuer)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
(post code) (city)
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2012-12-03 Denys Molodkovets CFO

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