Hafnia proposes to combine with ardmore shipping in all-stock

Hafnia limited proposes to combine with ardmore shipping in an all-stock.while no discussions between hafnia and ardmore are ongoing, this information is shared for market transparency and hafnia remains open to consolidation discussions in future..announces that it has made a proposal to combine with ardmore shipping corp in an all-stock transaction.ardmore informed us that ardmore board has rejected our proposal.though ardmore indicated in its response that ardmore board has conducted a thorough review, to date there have been no substantive follow-up discussions or negotiations between ardmore and hafnia or our respective advisors..we are disappointed by ardmore's response and continue to believe that our proposal is in best interests of ardmore shareholders.
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