Purchase of own shares - HitecVision Private Equity has received acceptances totalling 1,140,937 shares

Reference is made to the offer letter submitted by HitecVision Private Equity on 14th May 2008 regarding purchase of up to 1,841,428 own shares.
The offer period expired on 30th May 2008 at 16:00. HitecVision Private Equity has received 112 acceptance forms totalling 1,140,937 shares at the offered price of NOK 55 per share.

Reference is made to the offer letter submitted by HitecVision Private Equity on 14th May 2008 regarding purchase of up to 1,841,428 own shares. The offer period expired on 30th May 2008 at 16:00.

HitecVision Private Equity has received 112 acceptance forms totalling 1,140,937 shares at the offered price of NOK 55 per share.

All shareholders who have accepted the offer are guaranteed to sell at least 5,000 shares each. The board of HitecVision Private Equity will decide how many acceptances that will be taken up in addition to these. If the board resolves to purchase a lower number of shares than the acceptances amount to the buy-back will be prioritised according to the time the acceptances were registered received by the company’s advisor First Secutities ASA.

  1. 31.03.2011

    HitecVision reports 2010 results

    HitecVision today announces its annual results for 2010.

  2. 20.08.2010

    HitecVision Strengthens its Exploration and Production Team

    HitecVision is pleased to announce the strengthening of the company’s focus on E&P, through the addition to the team of Harald Vabø and Svein Arild Killingland. Both have significant experience from the Norwegian Oil and Gas industry, and will complement HitecVision’s existing investment team.

  3. 19.08.2010

    HitecVision reports half year 2010 results

    HitecVision's report for the first six months of 2010 is now available for download.

  4. 02.06.2010

    HitecVision announces new USD 420 million Fund

    HitecVision, Europe’s largest private equity investor focusing exclusively on the oil and gas industry, announced today that it has accepted commitments of USD 420 million for its new fund, HitecVision Asset Solutions, exceeding the original USD 320 million target. The new Fund will invest in companies in the asset-based side of the international offshore oil and gas service industry, typically owners and operators of such assets as drilling rigs, supply vessels, subsea construction vessels, etc.

  5. 05.03.2010

    The Oslo office is moving

    As of 8th March 2010, HitecVision's Oslo office will be located at Dronning Mauds Gate 11, 0250 Oslo. Our telephone number remains the same.

  6. 03.03.2010

    Another good year for HitecVision: 2009 results announced

    HitecVision AS has had another active year. The company's 2008 revenues were NOK 188 million, and net income after taxes, before minorities' shares of income was NOK 106 million. Net income after tax and minority shares was NOK 81 million. The Board proposes a dividend of NOK 70 million, corresponding to NOK 3.80 per share.

  7. 22.02.2010

    Tor Espedal joins HitecVision as Senior Partner

    HitecVision is pleased to announce the strengthening of its specialist oil and gas investment team. Tor Espedal brings more than 22 years of international oil and gas experience to HitecVision. Espedal comes from the position as Vice President of Subsea7’s activities on the Norwegian Continental Shelf.

  8. 27.08.2009

    Good results and continued growth for HitecVision in the first six months of 2009

    Stavanger, 27st August 2009: HitecVision continues its growth, both in revenues and profits. Revenues for the first six months of 2008 were NOK 123.5 million, against 88.2 million for the corresponding period in 2008. Net income after tax and minority interests was NOK 60.8 million, against NOK 40.8 million for the first six months of 2008. Total commited capital in funds advised by HitecVision was NOK 7.8 billion.

  9. 29.06.2009

    Pål Reiulf Olsen joins HitecVision as Senior Partner

    HitecVision is pleased to announce a new strenghtening of its specialist oil and gas investment team.

  10. 26.05.2009

    Arne Trondsen elected to board of NVCA

    On the 25th May 2009, Arne Trondsen of HitecVision was elected to the board of the Norwegian Venture Capital and Private Equity Association.

  11. 29.04.2009

    HitecVision announces 2008 results - another good year

    HitecVision AS has had another active year. The company's 2008 revenues were NOK 262 million, and net income after taxes, before minorities' shares of income was NOK 181 million. Net income after tax and minority shares was NOK 121 million. The Board proposes a dividend of NOK 110 million, corresponding to NOK 5.97 per share.

  12. 21.11.2008

    HitecVision wins award for Noreco exit

    Paris, 21st November 2008: HitecVision received the Real Deals & EVCA's European Private Equity Award in the Nordic market for the partial exit of Noreco. HitecVision made the investment in Noreco in 2005, and realised parts of its holding in the company in June 2008.

  13. 18.11.2008

    Payment of extraordinary dividend and change of company name

    The shareholders of HitecVision has in an extraordinary general meeting resolved to pay an extraordinary dividend of NOK 40 million and to change the company name to HitecVision AS.

  14. 22.09.2008

    HitecVision acquires 12,000 own shares

    On 19th September 2008 HitecVision acquired 12,000 own shares in the market at a price of NOK 55 per share. Following the transaction HitecVision holds in total 12,998 own shares.

  15. 26.08.2008

    HitecVision report 1H/08

    HitecVision's report for the first six months of 2008 is now available.

  16. 22.08.2008

    HitecVision co-hosts ONS Energy Finance Symposium on 28th August

    For the fourth time ONS, StatoilHydro and HitecVision are organising this finance-focused event, which has found its place alongside the otherwise more technologically-oriented ONS programme.

  17. 21.08.2008

    Continued strong growth for HitecVision in the first six months of 2008

    HitecVision Private Equity AS (NOTC-A: HITP) announced today that the company achieved revenues of NOK 88.2 million the first six months of 2008 and profits of NOK 40.8 million. Assets under management amounted to NOK 6.7 billion.

  18. 25.07.2008

    HitecVision sponsors the Norwegian Society for Sea Rescue Summer School for children

    As part of HitecVision’s annual sponsor program the firm has contributed NOK 100,000 the NSSR's Summer School in Stavanger. The sponsorship has been used to purchase a Zodiac RIB. This is the first year in operation for the Summer School in Stavanger, giving children aged 9 to 12 years the opportunity to enjoy a week each learning seamanship and sea sense.

  19. 10.07.2008

    HitecVision sells part of Fund III Portfolio

    HitecVision announced today that it has sold three investments from HitecVision Private Equity III to Cubera Private Equity, a secondaries specialist.

  20. 05.06.2008

    HitecVision buys back 1,145,450 own shares

    HitecVision Private Equity AS has resolved to buy back 1,145,450 shares further to 111 acceptances received by the expiration of the offer period. The settlement for the shares will be executed by 13th June 2008.

  21. 02.06.2008

    Purchase of own shares - HitecVision Private Equity has received acceptances totalling 1,140,937 shares

    Reference is made to the offer letter submitted by HitecVision Private Equity on 14th May 2008 regarding purchase of up to 1,841,428 own shares.
    The offer period expired on 30th May 2008 at 16:00. HitecVision Private Equity has received 112 acceptance forms totalling 1,140,937 shares at the offered price of NOK 55 per share.

  22. 14.05.2008

    HitecVision submits offer to buy back own shares

    Pursuant to the resolution made in the General Assembly on 5th May 2008 HitecVision Private Equity AS (NOTC: HITP) has today submitted an offer to its investors to buy back up to 1,841,428 shares.

  23. 14.05.2008

    HitecVision is recruiting

    HitecVision is currently recruiting for Investment Directors (Industry) and Financial Analysts. For further details, please see Team/Vacancies

  24. 28.04.2008

    HitecVision Annual Report 2007

    Stavanger, 28th April 2008: HitecVision announces operating revenues of NOK 86 million and a net result of NOK 80 million for 2007.

  25. 28.04.2008

    HitecVision Annual Report 2007

    Stavanger, 28th April 2008: HitecVision announces operating revenues of NOK 86 million and a net result of NOK 80 million for 2007.

  26. 28.02.2008

    HitecVision hard caps new fund at USD 800,000,000 following heavy oversubscription

    HitecVision announced today that it has received commitments of USD 800 million for its new fund HitecVision V, exceeding the original USD 600 million target. Following strong support from existing investors and significant interest from new international investors the fund was heavily oversubscribed.

  27. 23.08.2007

    HitecVision announces half year results 2007

  28. 26.02.2007

    Annual report 2006

    Download HitecVision’s Annual Report for 2006. Please note that this report is available in Norwegian only.

  29. 16.02.2007

    HitecVision expands to Houston

    Stavanger, 16th February 2007: In response to increased deal flow and growing interest from investors in the United States and Canada, HitecVision is opening an office in Houston, Texas.

  30. 16.02.2007

    High activity level and strong result for 2006

    Stavanger, 16 th February 2007: HitecVision announces net income of NOK 132 million for 2006 and dividend of NOK 100 million.

  31. 21.08.2006

    HitecVision announces half year results

    HitecVision Private Equity today announces its results for the first six months 2006.