Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December, 2024.

 

Commission File Number: 001-41996

 

HAFNIA LIMITED

c/o Hafnia SG Pte Ltd

10 Pasir Panjang Road,

#18-01 Mapletree Business City,

Singapore 117438

[phone]

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☑ Form 40-F ☐

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INFORMATION CONTAINED IN THIS REPORT

 

Hafnia Limited (the “Company”) is filing this Report of Foreign Issuer on Form 6-K to report the repurchases carried out by Pareto Securities AS (“Pareto”), on behalf of the Company, of the Company’s ordinary shares, no par value, during the period from December 16 to December 20, 2024. Such repurchases were effected under the share repurchase program announced on November 27, 2024 and commenced on December 2, 2024, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and through a 10b5-1 plan set up through the Company’s agreement with Pareto.

 

Attached hereto as Exhibit 99.1 is a copy of the press release, dated December 23, 2024, announcing such repurchase program transactions.

 

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DOCUMENTS TO BE FURNISHED AS PART OF THIS FORM 6-K

 

Exhibit Number	Exhibit Description
99.1	Press release of Hafnia Limited dated December 23, 2024 - Transactions made under share buyback program

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	HAFNIA LIMITED
	By:	/s/ Petrus Wouter Van Echtelt
	Name:	Petrus Wouter Van Echtelt,
	Title:	Chief Financial Officer

Date: December 23, 2024

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Exhibit 99.1

HAFNIA LIMITED: Transactions made under share buyback program

Singapore, December 23, 2024

Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on December 2, 2024, of the launch of Hafnia’s program to repurchase up to 18,000,000 of the Company’s shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto").

 

For the period from and including December 16, 2024, through December 20, 2024, the Company purchased a total of 3,258,014 shares at an average price USD 5.18 per share. Please find below for an transaction overview.

 

	Date		Trading Venue		Aggregated daily volume (number of shares)		Weighted average share price (USD)		Total daily transaction value (USD)
	Dec 16, 2024		OSE		280,000		5.32		1,490,309
	Dec 16, 2024		NYSE		381,316		5.31		2,023,911
	Dec 17, 2024		OSE		300,000		5.11		1,534,133
	Dec 17, 2024		NYSE		410,000		5.17		2,120,602
	Dec 18, 2024		OSE		230,000		5.18		1,190,413
	Dec 18, 2024		NYSE		390,000		5.23		2,039,349
	Dec 19, 2024		OSE		265,603		5.14		1,364,888
	Dec 19, 2024		NYSE		390,000		5.15		2,007,798
	Dec 20, 2024		OSE		234,397		5.05		1,184,141
	Dec 20, 2024		NYSE		376,698		5.12		1,927,262
	Period total
			OSE		1,310,000		5.16		6,763,885
			NYSE		1,948,014		5.19		10,118,922
			Total		3,258,014		5.18		16,882,807
	Previously disclosed buy-back under the program (accumulated)
			OSE		2,450,000		5.45		13,347,592
			NYSE		3,428,684		5.50		18,852,582
			Total		5,878,684		5.48		32,200,174
	Accumulated under the buy-back program
			OSE		3,760,000		5.35		20,111,477
			NYSE		5,376,698		5.39		28,971,504
			Total		9,136,698		5.37		49,082,981

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 9,639,056 of its own shares, corresponding to 1.88% of Hafnia’s total issued share count.

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Appendix:

An overview of all transactions made under the program that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.

 

For further information, please contact:

 

Mikael Skov

CEO Hafnia Limited

[phone]

 

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About Hafnia Limited:

 

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

 

As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

 

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

 

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