Sale of ADS Stratus

ADS Crude Carriers Plc (“ADS” or the “Company”) has entered into a memorandum of agreement to sell the vessel ADS Stratus for a price of USD 25.5 million. The vessel will be delivered to the new owners on or around 17 September 2020 following completion of her current spot charter.

ADS appoints Marius Halvorsen as Chief Commercial Officer

Marius Halvorsen has joined Arendals Dampskibsselskab AS (“ADS”) as Chief Commercial Officer. ADS is the manager of ADS Crude Carriers Plc, and in addition has investments in shuttle tankers and dry bulk carriers. Prior to joining ADS Marius worked as CEO of Fearnley Securities in Oslo, previous to which he spent 15 years working in New York, predominantly in top management positions in finance and investment banking.

Key information regarding the cash dividend declared in relation to Q1 2020

Today is the last day of trading for which shares in ADS Crude Carriers Plc include the right to receive the forthcoming dividend in relation to Q1 2020 earnings, previously announced on 28 May 2020. The shares will be traded ex-dividend of the NOK equivalent of USD 0.30 per share (NOK 2.86 per share) as from tomorrow.

Minutes from the Annual General Meeting of ADS Crude Carriers Plc

The Annual General Meeting (AGM) of ADS Crude Carriers Plc (the “Company”) was held today at the Company’s office at OSM House, Limassol, Cyprus. The AGM resolved to approve all matters proposed in the AGM Notice dated 5 May 2020. The minutes of the AGM are attached....

Notice of 2020 Annual General Meeting

Notice is hereby given that the Annual General Meeting of ADS Crude Carriers Plc will be held at 16.00 (local time) on Wednesday 27th May 2020 at the Registered Office of the Company in Limassol, Cyprus. The Notice of the AGM, including Shareholder Proxy, is attached.