Vard shareholders, please vote to reject delisting proposal

VARD Holdings' parent company offer to privatise the company is NOT fair or reasonable.

Fincantiari wants to buy Vard's remaining shares for a mere 25 cents each, when prospects are much brighter for the company. That's a very low offer for this company, which has world-class skill sets in building specialised vessels for the offshore oil-and-gas industry; its shares have traded as high as a dollar each.

The company went through a bad patch in recent years due to the depressed state of the industry. But prospects are much brighter now, with oil prices exceeding US$60 a barrel.