‘2020 Bulkers is fully committed to its shareholders’

We intend to provide comprehensive and fully updated information to our investors and analysts.

Financial calendar

FINANCIAL YEAR 2019

Q2 2019 Earnings Release August 13, 2019
Q3 2019 Earnings Release November 7, 2019
Q4 2019 Earnings Release January 30, 2020

Prospectuses

Prospectus 3 July 2019

2020 Bulkers Ltd.
Prospectus dated 3 July 2019 – tax note

Please note that due to an error, as the company is tax resident in Bermuda, the prospectus chapters 16.4.1 and 16.4.2 contain incorrect omissions as revised below:

  • Norwegian personal shareholders are not entitled to hold the shares through a Norwegian share saving account (Nw.: aksjesparekonto), opposed to the description in the prospectus section 16.4.2.

As the company is tax resident in Bermuda (which for Norwegian tax purposes is deemed a “low-tax jurisdiction” and outside of the EEA), it does not qualify as an “object” under the Norwegian tax exemption method (Nw. fritaksmetoden) for Norwegian corporate shareholders, consequently: (i) any dividends on the shares distributed to a Norwegian corporate shareholder will be taxed as ordinary income at a rate of 22% (2019), opposed to the description in the prospectus section 16.4.1; and (ii) any capital gains derived from the realization of shares will be taxed at a rate of 22% (2019), and losses upon the realization and costs incurred in connection with the purchase and realization of such shares will for tax purpose be deductible at a rate of 22% (2019), opposed to the description in the prospectus section 16.4.2.

General meetings

Company news

IR contact

Magnus Halvorsen, CEO

mh@2020bulkers.com
Phone: +47 920 20 111

Analyst Coverage

Clarksons Platou Securities

Frode Mørkedal
Managing Director | Research
T: +47 22 01 63 27 | M: +47 99 70 46 33
Email: Frode.Morkedal@clarksons.com

Fearnley Securities AS

Espen Landmark Fjermestad
Analyst | Shipping | Partner
T: +47 22 93 64 84 | M: +47 95 20 44 93
Email: elf@fearnleys.no

BTIG

Gregory Lewis
CFA | Managing Director
T: +1 212 588 6543 | M: +1 302 561 0263
Email: glewis@btig.com

SEB

Ole G. Stenhagen
Analyst
T: +47 21 00 85 27
Email: ole.g.stenhagen@seb.no

Sparebank 1

Kristoffer Robin Vinter

T: +47 24 13 37 46
Email: crv@sb1markets.no

Registrar and auditor

Registrar
DNB Bank ASA, Global Companies Registrars Section
Postal address: Postboks 1600 Sentrum | 0021 Oslo | Norway
Visiting address: Dronning Eufemias gate 30 | 0191 Oslo | Norway

Contact details
Sten Sundby
Officer in charge
Dir: +47 23 26 80 16
Email: sten.sundby@dnb.no | www.dnb.no

Auditor
PricewaterhouseCoopers
www.pwc.com