Timeline

News July 29th 2019: Personnel decisions

At the last board meeting, the board decided to change the management of the company a bit:

Leif Jensen resigns as director, while Søren Vestergarrd will take over his role. The reason for this change is that the company is entering a new phase in which the responsibility in the term of ship operation and safety for the director is growing.

Leif has mastered the leading position in the difficult initial phase of the company perfectly, and has now requested a release of this role, since his know-how in the safety-related areas is limited, which is why this task goes to the ISM / SMS system of the ship/the shipping company.

Leif will continue to assume functions related to the company and remain a member of the Executive Board. E.g. reconstruction of the ferry landing sites, supervision of the construction of the Hvide Sande shipyard and much more. This change took place in full compliance with the Board of Directors.

The company has hired Carl Jørgen Heide on 15th August 2019 as office manager, who will be supported by Gitte Kathrine Kruse as office assistant by the 1st September 2019.

As soon as the ferry is used on the intended date of 1st December 2019, the office will be manned daily in the former harbour office.

News July 1rst 2019: Lease premises

The Supervisory Board of ÆrøXpressen A/S has succeeded to conclude a long-term lease agreement with the owner of Havnepladsen 8, Marstal, Tonny Madsen A/S, Svendborg, for the part of the building that recently contained the port office.

As known, the office is located at the entrance to Marstal Harbor, and in the immediate vicinity of the port. A better location cannot be imagined. In the premises are offices, a small waiting room, a kitchen and toilet facilities, as well as a meeting room, and will cover the needs fully which customers, employees and boards of ÆrøXpressen will have in future.

The lease begins on the 1st of August and before that, the board of directors will even “shine up” the premises where necessary.

News May 15th 2019: ÆrøXpressen is looking for an office manager

Read More (only in Danish)

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News February 7th 2019: Service agreement with FRS

Picture of the signing of the service agreement with FRS (Förde Reederei Seetouristik) from Flensborg, Germany.

Press release

News September 3rd 2018: Stock issue no. 2 has been completed

The share issue brought in DKK 1,295,000.
In total, the company has 1492 shareholders in 14 countries and approx. 200 postcode in Denmark.

Many thanks to the many who have contributed.

News June 25th 2018: Name of our new ferry

ÆrøXpressen's Board of Directors has decided that the name of our new ferry will be "ÆrøXpressen", and it will of course become a resident of Marstal.

News June 21st 2018

ÆrøXpressen A / S confirms the order for a fast ferry from Hvide Sande Shipyard A / S

The Supervisory Board of ÆrøXpressen A / S has now lifted the financing reservation in the newbuilding contract with Hvide Sande Shipyard A / S, which was concluded on 8 May.

This means that the new fast ferry to the Marstal-Rudkøbing route will be realized!

Construction is started immediately, with expected delivery in autumn, 2019.

The financing of the ferry and associated land facilities is mainly provided by loans through Denmark's Green Investment Fund and Ringkøbing Landbobank, and by subscribing more than 1,300 public shares from investors in Denmark and abroad.

News April 4th 2018: Invitation to the Annual General Meeting

This is in accordance with the statutes. If you as a shareholder have not received the call, please look in the "Unwanted Mail" folder.

If you cannot find your call at all, please contact us via [email protected]

Yours sincerely

BOARD OF DIRECTORS

News March 10th 2018: Extraordinary general meeting

ÆrøXpressen A / S held last night (March 9) an extraordinary general meeting at Marstal Navigation School, with only one purpose:

The Board of Directors is authorized by the General Meeting to enter into a binding agreement with A / S Hvide Sande Ship and Boat Construction / Hvide Sande Shipyard, Steel Service for the delivery of a single hull ferry.

The written vote resulted in a Yes to let the Board move on. The distribution of the total of DKK 6,348,000 represented was: DKK 7,000 no to sign contract with Hvide Sande shipyard. DKK 11,000 blank ballot papers. Ballot papers with DKK 6,330,000 to enter into binding agreement with the yard.

The outcome of the vote shows that approx. 1 per thousand of the attendance share capital is neutral or against the proposal of the Board of Directors.

Before a binding agreement can be signed, other agreements must be in place, including the agreement with Langeland Municipality, to call at Rudkøbing harbor and ferry terminal facilities.

The board of directors is now working on strengthened with the latest challenges, with the aim of getting the new hybrid ferry to speed up in early summer, 2019 - as planned.

Yours sincerely

Board of Directors

News February 21st 2018: ÆrøXpressen has convened a general meeting by mail

Dette er i overensstemmelse med vedtægterne. Dersom du som aktionær ikke har fået indkaldelsen, så se venligst i mapper som "Uønsket Mail", "Promoveringer", "Sociale medier".

Årsagen er, at folks spamfiltre er indstillet meget forskelligt ,og det kan vi ikke gøre noget ved fra afsenderside, og derfor fanges sådanne "massemails" nogen gange i andre mapper end Indbakken.

Hvis du slet ikke kan finde din indkaldelse, så kontakt os via [email protected]

News January 19th 2018: The result of the share issue

Aktieemissionen er som bekendt afsluttet, og bestyrelsen har nu de endelige tal fra advokaten.

Der er tegnet, og indbetalt, aktier for kr. 7.016.000,00 - fordelt på 1246 aktionærer, 200 danske postnumre, og 9 lande.

Derudover er der chancer for at få aktionærer fra diverse kontrahenter i form af det værft, der skal bygge færgen samt evt. underleverandører, endvidere har vi fået vished for, at den operatør som vi ønsker skal drifte færgen vil træde til med et større beløb til aktietegning.

Det bliver ikke nødvendigt med en emission mere, idet den kapital, der indbetales senere kan ske ved en eller flere kapitalforhøjelser.

Den sidste del af den samlede finansiering på i alt 55 mio. kr. opnås dels ved yderligere kapitalforhøjelse fra store enkeltaktionærer eller fra fonde, pengeinstitutter og / eller i yderste konsekvens ved optagelse af ansvarlig låne kapital fra større aktionærer.

Selskabet havde i forvejen en kapital fra stiftelsen af selskabet i i december 2016 på 775.000 kr.  Ved en kapitaltudvielse / aktietudvielse i efteråret 2107 kom der 1.750.000,- kr. fra 1/4-million-emissionen.  Og den netop overståede aktieemission 7.016.000 kr.

Bestyrelsen er ovenud tilfreds med den meget store opbakning til aktieemissionen - og tusind tak for det.

Der arbejdes koncentreret med 2 værfter, som er blevet 'lettere at få i tale', efter at selskabet råder over den nødvendige kapital til bygning af færgen. Begge værfter er i spil med hver deres bud på det rigtige fartøj til ruten, set i forhold til pris, overfartstid m.m.

Det er fortsat bestyrelsens plan, at færgen kan sættes i fart i forsommeren 2019.

Tak til alle aktionærer !

De bedste hilsner, Bestyrelsen, ÆrøXpressen A/S