Davis Polk advised the underwriter in connection with the $45.2 million SEC-registered secondary offering of 5,579,978 shares of common stock of Ardmore Shipping Corporation. The shares are listed on the New York Stock Exchange under the symbol “ASC.”
Principally based in Cork, Ireland, Ardmore provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders and chemical companies with its modern, fuel-efficient fleet of mid-size product and chemical tankers.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Ferrell Maguire Keel and Bria J.M. Cunningham. The tax team included partner Michael Mollerus and associate Catherine L. Chu. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.