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Frequently-asked-questions
If you have specific question which is not found in this FAQ, please email us at investors@firstshiplease.com
- When was FSL Trust constituted?
- When was FSL Trust's Initial Public Offering (IPO) and what was the IPO offer price?
- Where can I get a copy of the IPO prospectus?
- Who are the Sponsor and Trustee-Manager of FSL Trust?
- How do I buy FSL Trust's units?
- When does FSL Trust's fiscal year end?
- How can I obtain information on FSL Trust's latest results?
- When was FSL Trust constituted?
- FSL Trust was constituted as a business trust in Singapore on 19 March 2007.
- When was FSL Trust's Initial Public Offering (IPO) and what was the IPO offer price?
- FSL Trust's IPO was conducted from 19 to 22 March 2007 and its IPO offering price was US$0.98 per unit (equivalent to S$1.50 per unit based on the exchange rate of US$1.00: S$1.5291). The units of FSL Trust were listed on the main board of SGX on 27 March 2007.
- Where can I get a copy of the IPO prospectus?
- The prospectus may be downloaded from SGX's website at the following link:
Click to download
- The prospectus may be downloaded from SGX's website at the following link:
- Who are the Sponsor and Trustee-Manager of FSL Trust?
- The Sponsor of FSL Trust is FSL Holdings Pte. Ltd., formerly known as First Ship Lease Pte. Ltd. The sole shareholder of the Sponsor is Prime Shareholdings Inc., which is an affiliate of international ship-owning and management group, Prime Tanker Management Inc.
The Trustee-Manager of FSL Trust is FSL Trust Management Pte Ltd ("FSLTM"), which is wholly-owned (indirectly) by the Sponsor. FSLTM is led by a team of professionals who have significant expertise in ship financing and the operational and commercial aspects of the shipping industry. For more information on the FSLTM management team, please refer to the management section under the Trustee-Manager section.
- The Sponsor of FSL Trust is FSL Holdings Pte. Ltd., formerly known as First Ship Lease Pte. Ltd. The sole shareholder of the Sponsor is Prime Shareholdings Inc., which is an affiliate of international ship-owning and management group, Prime Tanker Management Inc.
- How do I buy FSL Trust's units?
- FSL Trust's units are traded on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). Interested investors may purchase units of FSL Trust through any licensed brokerage house. The minimum trading size for FSL Trust is 1,000 units.
- When does FSL Trust's fiscal year end?
- The company's fiscal year ends 31 December.
- How can I obtain information on FSL Trust's latest results?
- Quarterly earnings releases, annual reports and financial statements are available under the Financial Statements/Dividend Announcement webpage of the Investor Relations section.
TopImportant Notes:
These FAQs may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies, changes in operating expenses, trust expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events.