Havila Shipping has completed a repair share issue as part of its financial restructuring.

It said 611 shareholders holding subscription rights applied for 243.29m shares, equalling 101% of those on offer.

The Saevik family's Havila Holding is also buying 249.4m shares to maintain its ownership of 50.96%.

All the shares were sold at NOK 0.125 ($0.01) each.

The share capital of the company will be increased by NOK 4.89m.

CFO