# Bruton Limited (BRUT) - Resolved distribution in kind of shares/NDRs in OMC Tankers Ltd.

- Source: mfn · Published: 2026-08-20 · Kind: dividend
- Original: https://mfn.se/a/bruton-limited/bruton-limited-brut-resolved-distribution-in-kind-of-shares-ndrs-in-omc-tankers-ltd
- Local copy: `data/documents/BRUT.OL/2026-08-20_bruton-limited-brut-resolved-distribution-in-kind-of-shares-ndrs-in-omc-tankers-ltd.html`

**TL;DR —** Bruton Limited (BRUT) will distribute shares in OMC Tankers Ltd. to its shareholders as Norwegian Depository Receipts (NDRs) following the demerger of eight newbuilding contracts and $50 million in cash into OMC Tankers.

## Takeaways
- **Demerger:** Bruton Limited demerged eight newbuilding contracts and $50 million in cash into a new entity, OMC Tankers Ltd.
- **Assets Transferred:** OMC Tankers received four newbuilding contracts with New Times Shipyard (total commitment $472M, $47.2M paid) and four with Yantai CIMC Raffles (total commitment $499M, $49.9M paid), plus $50M in cash.
- **Distribution:** Bruton's board resolved to distribute 61,923,808 shares in OMC Tankers to its shareholders.
- **Form of Distribution:** The distribution will be in the form of Norwegian Depository Receipts (NDRs) in OMC Tankers, with each Bruton NDR entitling the holder to one OMC Tankers NDR.
- **Listing:** OMC Tankers has applied for admission to trading on Euronext Growth Oslo, expected on August 28, 2026.
- **Financial Impact:** The distribution will be made from Bruton's Contributed Surplus account, effectively separating the newbuilding assets and associated commitments from Bruton's core operations.

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