Bruton secures full acceptance for Andes Tankers II offer

Bruton Limited announced on October 23, 2025, that all beneficial shareholders of Andes Tankers II Ltd. have accepted its conditional offer to exchange shares. The offer, first announced on October 13, 2025, proposed an exchange ratio of 0.806 Bruton share for each Andes Tankers II share. The consideration shares from Bruton will be recorded as Norwegian Depository Receipts (NDRs) in Euronext Securities Oslo (VPS).

Completion of the share exchange is contingent upon the delivery of Andes Tankers II shares to Bruton, the subsequent issuance of Bruton's consideration shares, and the delivery of the NDRs representing beneficial ownership rights into the VPS. Bruton Limited, incorporated in Bermuda, is an industrial player focused on strategic investments within the shipping, offshore, and energy sectors. The announcement was published by Vidar Hasund, contracted chief financial officer.