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BRIEF-Ardmore Shipping Announces Investment And Joint Venture With Element 1 And Maritime Partners Llc

· 03/15/2021 16:18
BRIEF-Ardmore Shipping Announces Investment And Joint Venture With Element 1 And Maritime Partners Llc

- Ardmore Shipping Corp ASC.N:

  • ARDMORE SHIPPING ANNOUNCES STRATEGIC INVESTMENT AND JOINT VENTURE WITH ELEMENT 1 CORP. AND MARITIME PARTNERS LLC TO DELIVER HYDROGEN POWER TO THE MARINE SECTOR

  • ARDMORE SHIPPING CORP - ARDMORE, E1 AND MP WILL ESTABLISH "E1 MARINE," EACH OWNING 33.3% OF JOINT VENTURE

  • ARDMORE SHIPPING CORP - ARDMORE WILL PURCHASE A 10% EQUITY STAKE IN E1 IN EXCHANGE FOR $4 MILLION CASH PLUS 950,000 ASC COMMON SHARES

Source text for Eikon: ID:nPn5cpKGPa

Further company coverage: ASC.N


((Reuters.Briefs@thomsonreuters.com;))