Frontline Ld Fro - Issue Of New Shares
June 08 2015 - 1:41AM
UK Regulatory
TIDMFRO
Reference is made to the announcement on May 29, 2015, that Frontline
Ltd. (NYSE/OSE: FRO) (the "Company" or "Frontline") had entered into a
heads of agreement to amend the terms of the long term charter
agreements with Ship Finance International Limited ("Ship Finance").
The new agreement has now been completed, and 55 million new Frontline
shares have after close of trading on June 5, 2015, been issued to Ship
Finance. Following such issuance, Frontline has an issued share capital
of USD 198,375,854 divided into 198,375,854 ordinary shares par value
USD 1 each.
Frontline has agreed to register the new shares for resale with the US
Securities and Exchange Commission. The new shares will be eligible for
listing and trading on the Oslo Stock Exchange upon approval of a
listing prospectus by the Norwegian Financial Supervisory Authority
(expected during July 2015).
June 5, 2015
Frontline Ltd.
Hamilton, Bermuda
Questions should be directed to:
Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 00
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 00
This information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Frontline Ltd. via Globenewswire
HUG#1926836
http://www.frontline.bm/
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