Pursuant to the Company Announcement dated 16th April 2018, the Company is pleased to announce that the Vessel in subject, now renamed M/V AST MALTA (ex M/V PONZA) bearing IMO number 9143398, has been registered with Transport Malta in the name of AST Shipping Limited on the 20th April 2018.
The Company also wishes to announce that the first priority mortgage on the Vessel, in terms of section 22.25 of the Company Admission Document dated 4th December 2017 and pursuant to the trust deed made by GVZH Trustees Limited in its capacity as security trustee of the AST Trust (the “Security Trustee”), the Company and AST Shipping Limited dated 5th January 2018 (as the same may from time to time be amended, supplemented and/or varied) (the “Security Trust Deed”), was registered on the 20th April 2018 and the Security Trustee has been instructed to hold the first priority mortgage on the Vessel upon trust as security for the outstanding amounts due to the Bondholders in terms of the Company Admission Document in relation to the Bonds together with amounts of interest and charges thereon.
Lastly, the Company also wishes to announce that the insurance policy for the replacement value of the Vessel purchased by AST Shipping Limited and to be pledged in favour of the Security Trustee in terms of section 22.25 of the Company Admission Document as security for the amounts due to Bondholders is currently being finalised and a Company Announcement will be issued once the pledge is validly registered.
24th April 2018
