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Listing venue - Euronext Growth Oslo
Ticker - WEST
Number of shares - 33,619,715
Face value - NOK 0,05
Registrar - Nordea Issuer Services
Please click here for live share price

 

Financial calendar

15.08. 2022

First Half Report 2022
and announcement of
Q2 2022 dividend

25.04. 2022

Announcement of
Q1 2022 dividend

17.03. 2022

Annual General Meeting

10.03. 2022

Annual Report 2021

Dividend policy and History

Western Bulk aims to distribute minimum 80% of net profit in quarterly dividend payments, subject to sufficient free liquidity and working capital to support such payment. The timing and amount of dividends is at the discretion of the Board of Directors.

Period Declared Dividend per share Ex dividend date Record date Payable date
FY 2021 10.03.22 NOK 17,23 21.03.22 22.03.22 29.03.22
Q1 2022 25.04.22 NOK 4,24 27.04.22 28.04.22 05.05.22
Main shareholders

Main shareholders

Name # Shares Ownership
Kistefos group  23 093 152 68,7%
Ojada AS 2 776 792 8,3%
Employees 962 563 2,9%
Euroclear Bank S.A./N.V. 458 330 1,4%
Nordnet Livsforsikring AS 326 712 1,0%
Sniptind Invest AS 283 957 0,8%
Other (1100 other shareholders) 5 718 209 17,0%
  33 619 715 100%

 

General meetings notices and minutes

Key figures

Western Bulk Chartering group

USD million H2 2021 2021 2020
       
Gross revenues 922.6 1 487.9 778.7
Net TC Result 1) 117.7 137.9 26.7
Administrative expenses 40.7 50.7 22.9
EBITDA 1) 77.1 87.2 3.8
Net profit after tax 1)  72.1 81.0 3.2
       
Net TC margin per ship day (USD) 1) 5 591 3 376 663
Average number of vessels operated 114 112 110
       
Total assets 196.6 196.6 79.3
Book equity 51.1 51.1 19.8
Total liabilities 145.5 145.5 59.5
       
Interest bearing debt 3.4 3.4 24.0
       
Free cash 108.3 108.3 18.3
Restricted cash 13.9 13.9 12.0
Total cash  122.1 122.1 30.3

 

1) H2 2021 includes USD 25.8 million gain on positional FFA (Forward Freight Agreements), while full year 2021 includes USD 24.2 million gain on positional FFA. These are derivative positions not qualifying as a hedge, hence booked as financial items in the financial statements.