Tankerska Next Generation received ZSE's award for outstanding contribution to the development of the capital market

At the ceremony held on 11th December 2015 in Zagreb’s Matis Lounge, near Vatroslav Lisinski concert hall, Zagreb Stock Exchange awarded its annual awards. Among this year’s laureates Tankerska Next Generation Inc. received an award for outstanding contribution to the development of the capital market in 2015.

Mr. John Karavanić, CEO of Tankerska Next Generation received the award from Mrs. Ivana Gažić, president of the management board of Zagreb Stock Exchange, and emphasized the importance of the award received:

The recognition from Zagreb Stock Exchange is a confirmation that we are on the right track, and it is a confirmation of success not only for Tankerska Next Generation, but for the whole team that was engaged in the initial public offering in February, followed by the secondary offering in June.

A public offer is a very complex and demanding activity that requires the full commitment of the whole team in order to be successfully implemented. In the organization where everyone has their regular daily activities, preparing public offering is an additional burden, and requires  a special commitment. That kind of commitment was the key to the success of the public offering of TNG’s shares.

While preparing to go public we intensively worked together with a large number of people outside of the company, and in them we gained strong and reliable partners who follow us in development and investments, and of course we gained many friends without whom success would certainly not be at this level.

Without the trust of the institutional and private investors, who supported TNG through IPO in February and SPO in June, and without their investment in TNG, we wouldn’t be able to create the fleet as it is today and that gives us great responsibility to manage the company at high levels, in order to justify their trust, concluded Mr. John Karavanić, CEO of Tankerska Next Generation.

In February 2015 Tankerska Next Generation held the first Initial Public Offer on Croatian stock market since 2008, raising 208 million kuna (USD 31 mil). Capital raising continued in June 2015 when TNG held an SPO, thus gaining 104 million kuna (USD 16 mil). The proceeds from the public offers were utilized to enlarge the TNG’s fleet with three new modern eco design MR product tankers (Vukovar, Zoilo and Pag).

photo: zse.hr