A.P. Møller - Mærsk A/S initiates demerger and separate listing of Maersk Drilling Holding A/S

In continuation of the announcement on 17 August 2018, the A.P. Møller - Mærsk A/S (APMM) Board of Directors has decided to initiate the separation of APMM’s drilling activities through a demerger of APMM. The shares in Maersk Drilling Holding A/S (Maersk Drilling) and its subsidiaries as well as certain other assets and liabilities will be contributed to a new company with the legal name “The Drilling Company of 1972 A/S” (Maersk Drilling Listco) and the shares hereof will be admitted for trading and official listing on Nasdaq Copenhagen A/S (Nasdaq Copenhagen).



Following the anticipated signing and publication of statutory demerger documents on 4 March 2019, the Board of Directors of APMM intends to propose the demerger for approval by the shareholders at the APMM Annual General Meeting on 2 April 2019. Subject to such approval, the shares in Maersk Drilling Listco will be distributed to APMM shareholders, who in addition to their shareholding in APMM will become shareholders in Maersk Drilling Listco. The anticipated first day of trading for the shares of Maersk Drilling Listco on Nasdaq Copenhagen is on 4 April 2019.



The APMM Board of Directors intends to propose a single share class structure for Maersk Drilling Listco with shares in Maersk Drilling Listco being distributed to the APMM shareholders on a pro-rata basis based on the nominal value of the shares in APMM. Shareholders will receive one share in Maersk Drilling Listco per nominal APMM DKK 500 share and two shares in Maersk Drilling Listco per nominal APMM DKK 1,000 share. The demerger and distribution of the Maersk Drilling Listco shares will be tax-exempt for Danish tax purposes.



A.P. Møller Holding A/S, who holds around 41.5% of the shares in APMM, has agreed to a 360-days lockup of their shareholding in Maersk Drilling Listco, subject to certain customary exemptions.



The Executive Management team of Maersk Drilling consists of CEO Jørn Madsen and CFO Jesper Ridder Olsen, who will also serve as Executive Management team in the future listed company. The Board of Directors of Maersk Drilling consists of Chairman Claus V. Hemmingsen, Vice Chairman Robert M. Uggla, Kathleen McAllister, Robert Routs, Martin N. Larsen and Mads D. Winther. The Board of Directors, except from Mads D. Winther, will be proposed as members of the Board of Directors in the future listed company. Two employee representatives are expected to be elected in March 2019 for a term of four years and join the Board of Directors upon completion of the demerger.


DHL unveils first Global Competence Center for Humanitarian Logistics in Dubai

Center consolidates DHL Global Forwarding's existing humanitarian logistics services for faster, more reliable supply chain support globally
It will enhance the global network for humanitarian logistics services, by connecting to expert regional teams based in Sub-Saharan Africa and Europe
Center's location in Dubai facilitates collaboration with existing aid and humanitarian organizations based in the city, as well as logistics hubs including the International Humanitarian City

DHL Global Forwarding, the Deutsche Post DHL Group's air and ocean freight specialist, has consolidated its portfolio of humanitarian logistics services within its first Global Competence Center for Humanitarian Logistics, designed to meet growing global demand for these logistics services. The Center will see close coordination across all DHL business divisions to provide all related services and products, to meet customers' needs. Fatima Ait Bendawad, a seasoned DHL manager with 15 years of experience in creating, providing and implementing solutions for complex humanitarian operations, has been appointed to lead the Global Competence Center for Humanitarian Logistics.

"The impact of conflicts and natural disasters on the world is evident and at DHL Global Forwarding, we have the capability, expertise and global network to render resilient logistics support to organizations who are highly committed to ensure that critical resources are delivered, to meet the needs of those who require them," said Amadou Diallo, CEO, DHL Global Forwarding, Middle East and Africa.

The Center offers non-governmental organizations, aid agencies, and their suppliers and manufacturers a broad range of services including air and ocean freight, customs clearance, warehousing and local distribution of humanitarian shipments. These services will be backed by control tower and data analytics services designed to offer heightened levels of freight visibility for humanitarian situations of any level of urgency and complexity. Organizations can also use the Center to tap into DHL Global Forwarding's global network of freight connections for rapid, efficient transport of resources; as well as sector-specific services including temperature-controlled and cold-chain shipments for life sciences and healthcare - critical for public health assistance projects involving the long-term delivery of medicines and medical equipment to developing areas.

With its geographical location and longstanding reputation as a cluster for global aid and relief organizations, Dubai currently plays host to several major logistics hubs including the International Humanitarian City, the largest humanitarian hub worldwide from which nine United Nations (UN) agencies and 48 NGOs currently run logistics operations.1 The Center will play the pivotal role of coordinating humanitarian logistics services globally, by leveraging expertise in regional hubs in Sub-Saharan Africa and Europe - to optimize the delivery schedule and routes to areas which need the resources.

DHL has extensive experience in disaster management activities - which includes the deployment of its Disaster Response Teams (DRT) consisting of DHL experts to provide on-ground logistics support in natural disaster zones; and the Get Airports Ready for Disasters (GARD) program, which runs joint workshops with the UN Development Programme to prepare local airport management for the logistical issues associated with natural disaster situations.

"The level of preparedness - whether it be expedited customs clearances, readiness to handle dangerous goods like chemicals or medicines, or processes for on-ground collaboration between multiple agencies2 - directly correlates with the efficiency of humanitarian logistics. Our work on the front line, has helped us build and maintain familiarity with the nuances of compliance, regulation and international standards that apply to movements of critical goods," said Fatima Ait Bendawad, Head of Global Humanitarian Logistics Competence Center, DHL Global Forwarding.

"Humanitarian logistics requires dedication and coordination with different stakeholders to get critical goods to those in need, gaining trust and working with numerous partners to coordinate shipments in situations which often require short turnaround times," said Massar Diop, Director of Humanitarian Logistics, DHL Global Forwarding. With more than a decade of experience working in this field, Massar has built a strong network of relationships with key UN agencies, NGOs and suppliers, to provide the best solutions to their needs, in different parts of the world.



Panalpina: Panalpina statement on unsolicited, non-binding approach from DSV

Panalpina statement on unsolicited, non-binding approach from DSV
Panalpina

The Board of Directors of Panalpina announces that it has received an unsolicited, non-binding proposal from DSV to acquire the company at a price of CHF 170 per share, comprising a mix of cash and DSV shares.

According to its fiduciary duties, the Board of Directors of Panalpina is reviewing the proposal in conjunction with its professional advisers.

Further announcements will be made as appropriate.


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