VLCCF - Announces Registered Public Offering of 2,438,199 Common Shares by Selling Shareholder
(Thomson Reuters ONE) -
HAMILTON, Bermuda, March 13, 2012 - Knightsbridge Tankers Limited
("Knightsbridge") (Nasdaq: VLCCF) today announced that Golden Ocean Group
Limited is offering to sell 2,438,199 Knightsbridge common shares in an
underwritten public offering pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission. Goldman, Sachs &
Co. is acting as the sole underwriter for the offering. All net proceeds from
the sale of the common shares will be received by the selling shareholder.
Knightsbridge will not receive any of the proceeds.
A copy of the prospectus relating to these securities may be obtained, when
available, from Goldman, Sachs & Co., Prospectus Department, 200 West Street,
New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or by
emailing prospectus-ny(at)ny.email.gs.com, or alternatively, when it becomes
available, for free by visiting EDGAR on the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, Knightsbridge common shares or any other securities, nor
shall there be any sale of securities mentioned in this press release in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Cautionary Notice Regarding Forward-looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business. Forward-
looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
Knightsbridge desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "except," "anticipate," "intends," "estimate," "forecast," "project,"
"plan," "potential," "will," "may," "should," "expect" "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this document are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, important factors that, in our view,
could cause actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies and
currencies, general market conditions, including fluctuations in charterhire
rates and vessel values, changes in demand in the tanker market, as a result of
changes in OPEC's petroleum production levels and worldwide oil consumption and
storage, changes in Knightsbridge's operating expenses, including bunker prices,
drydocking and insurance costs, the market for Knightsbridge's vessels,
availability of financing and refinancing, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, and other important factors described from time to time in the
reports filed by Knightsbridge with the Securities and Exchange Commission.
Contact:
Ola Lorentzon (Chairman, Knightsbridge Tankers Limited)
+46 703 998 886
Inger M. Klemp (Chief Financial Officer, Knightsbridge Tankers Limited)
+47 23 11 40 76
Source: Knightsbridge Tankers Limited
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Knightsbridge Tankers Limited via Thomson Reuters ONE
[HUG#1593767]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2012 - 21:10 Uhr
Sprache: Deutsch
News-ID 124528
Anzahl Zeichen: 5551
contact information:
Town:
Hamilton
Kategorie:
Business News
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