Ardmore announces sale and time-charter back of vessels

Sale of three mrs in an en-bloc transaction with leonhardt & blumberg hamilton, bermuda , april 4, 2022 /prnewswire/ -- ardmore shipping corporation (nyse: asc) ("ardmore" or the "company") announced today that it has agreed terms for the sale of three 2008-built mr product tankers to leonhardt & blumberg for an aggregate price of $40 million. following completion of the sales and the prepayment of financing associated with the vessels, the transaction will generate net cash of approximately $15 million to ardmore, which will be used for general corporate purposes.
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