Fort Lauderdale, Fla. - Dec. 20, 2017
SEACOR Holdings Inc. (NYSE:CKH) (“SEACOR”) today announced the payment of the dividend of 3,977,135 shares of Dorian LPG Ltd. (“Dorian”) common stock (the “Dividend”) to its stockholders of record as of December 8, 2017 at 5:00 p.m., New York City time. In the Dividend, SEACOR distributed approximately 0.2216 shares of Dorian common stock for each share of SEACOR common stock (the "Final Distribution Ratio"). On December 14, 2017, SEACOR filed a Current Report on Form 8-K that included an information statement to its stockholders containing information about the Dividend, including the Final Distribution Ratio, treatment of fractional shares resulting from the Dividend and the tax consequences of the Dividend, which has also been mailed to holders entitled to the Dividend.
No action or payment is required by SEACOR stockholders to receive the shares of Dorian common stock. Stockholders who held SEACOR common stock as of 5:00 p.m., New York City time, on December 8, 2017, the record date for the Dividend, will receive a book-entry account statement reflecting their ownership of Dorian common stock or their brokerage account will be credited with the Dorian shares. The payment date for the Dividend is today, December 20, 2017.
SEACOR is a diversified holding company with interests in domestic and international transportation and logistics and risk management consultancy. SEACOR is publicly traded on the New York Stock Exchange (NYSE) under the symbol CKH.
SEACOR Holdings, press release