07:27 AM EDT, 07/12/2024 (MT Newswires) -- Hafnia ( HAFN ) said Friday it has entered into a shareholder rights agreement with major shareholder BW Group, granting BW Group certain corporate governance and registration rights.

Under the agreement, BW Group and affiliates have the right to nominate a proportionate number of directors to the company's board as well as the rights to impose conditions on any resale of investor shares.

The company said BW Group owns about 220.1 million common shares of the company, which are equivalent to 42.9% of outstanding shares as of Thursday.

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