Gram Car Carriers is planning to offer $100m of new equity in an Oslo Euronext listing of its 16-ship PCTC fleet.
Ahead of the new listing, Ivar Hansson Myklebust has come on board as Gram's new board chairman. Myklebust is the former chief executive officer of Hoegh Car Carriers.
In meetings with investors, the company is pitching a plan is to start paying shareholders dividends in the first quarter of 2022.
Myklebust said he expects the Oslo offering to be well received in Oslo at a time when the typical new public equity project is a new energy play with a long lead time before any payoff, and lots of investments on the way.