Ardmore Shipping Announces New Capital Allocation Policy
Ardmore Shipping Corporation (ASC)
Last ardmore shipping corporation earnings: 2/11 08:30 am
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US:NYSE Investor Relations:
ardmoreshipping.com
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Source: PR Newswire
HAMILTON, Bermuda, March 9, 2020 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced a new capital allocation policy which sets out the Company's priorities among fleet maintenance, financial strength, accretive growth and returning capital to shareholders. Ardmore believes that a transparent capital allocation policy with clear priorities will enable the Company to better respond to market conditions and fully align the Company and shareholders in pursuit of long-term value creation. Commencing with the current quarter ending March 31, 2020, the Company will transition to the new policy and will provide updates to its capital allocation priorities on quarterly earnings calls.Ardmore's priorities for capital allocation will initially be in the following order:Maintain fleet: Ardmore is committed to maintaining a best-in-class fleet of modern, fuel-efficient product tankers. Investments will include upgrades for improved operating per
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ASC
Sec Filings
- 5/3/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/2/24 - Form 144
- ASC's page on the SEC website