Dividend of Golar LNG Energy Limited shares to Golar LNG Limited common shareholders
(Thomson Reuters ONE) -
With reference to the Fourth Quarter Results announcement, the Board of
Directors of Golar LNG Limited (the "Company") is pleased to advise that it has
declared a dividend (the "Dividend") to the Company's common shareholders,
consisting of one (1) common share of the Company's subsidiary, Golar LNG Energy
Limited ("Golar Energy") for every seven (7) common shares of the Company held
by such common shareholder. The Dividend is payable on or about April 15, 2010
(the "Distribution Date"), to the Company's common shareholders of record as of
March 16, 2010. The Dividend consists of up to 9.7 million Golar Energy common
shares in the aggregate, representing approximately 4% of the total issued and
outstanding common shares of Golar Energy, which is listed on the Oslo Axess
stock exchange.
Golar Energy maintains its common share register through the Norwegian VPS (the
Norwegian paperless securities depository system) and all of Golar Energy's
common shareholders are required to have VPS accounts. In connection with the
Dividend (1) each common shareholder of the Company that is a non-U.S. person
and (2) each of the Company's U.S. common shareholders that is a Qualified
Institutional Buyer ("QIB"), as defined in Rule 144A of the United States
Securities Act of 1933, as amended, and in either case holds a minimum of 1,400
common shares of the Company, will receive one (1) common share of Golar Energy
for every seven (7) common shares of the Company owned by that non-U.S. person
or QIB, rounded down to the nearest whole common share. Only non-U.S. persons
and U.S. QIBs (together, "Common Share Recipients") that return certifications
as to their status ("Common Shareholder Certifications") to the Company's
transfer agent, Mellon Investor Services, and provide the Company with a VPS
account number will be eligible to receive the Golar Energy common shares. U.S.
common shareholders who are not QIBs, common shareholders that own fewer than
1,400 common shares of the Company, whether or not they are QIBs, and
shareholders that do not return satisfactory Common Shareholder Certifications
will not be entitled to receive Golar Energy common shares. Instead of Golar
Energy common shares, such shareholders (together, the "Cash Recipients"), will
receive a cash distribution based on the Cash Price described below.
On the Distribution Date, the Common Share Recipients will receive their
respective shares of Golar Energy. The cash distribution to the Cash Recipients
is payable on or about six (6) days following the Distribution Date and is based
on the volume weighted average price per common share of Golar Energy during the
five (5) trading days following the Distribution Date (the "Cash Price").
Forward Looking Statements
This press release contains forward-looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including the Company management's examination of historical
operating trends. Although the Company believes that these assumptions were
reasonable when made, because assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond its control, the Company cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions.
Included among the factors that, in the Company's view, could cause actual
results to differ materially from the forward looking statements contained in
this press release are the following:
Inability of the Company to obtain financing for the new building vessels at all
or on favourable terms; changes in demand; a material decline or prolonged
weakness in rates for LNG carriers; political events affecting production in
areas in which natural gas is produced and demand for natural gas in areas to
which our vessels deliver; changes in demand for natural gas generally or in
particular regions; changes in the financial stability of our major customers;
adoption of new rules and regulations applicable to LNG carriers and floating
storage re-gasification units, or FSRU's; actions taken by regulatory
authorities that may prohibit the access of LNG carriers or FSRU's to various
ports; our inability to achieve successful utilization of our expanded fleet
and inability to expand beyond the carriage of LNG; increases in costs
including: crew wages, insurance, provisions, repairs and maintenance; changes
in general domestic and international political conditions; the current turmoil
in the global financial markets and deterioration thereof; changes in
applicable maintenance or regulatory standards that could affect our
anticipated dry-docking or maintenance and repair costs; our ability to timely
complete our FSRU conversions; failure of shipyards to comply with delivery
schedules on a timely basis and other factors listed from time to time in
registration statements and reports that we have filed with or furnished to the
Securities and Exchange Commission, including our Registration Statement on Form
20-F and subsequent announcements and reports. Nothing contained in this press
release shall constitute an offer of any securities for sale.
March 8, 2010
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda
Questions should be directed to:
Golar Management Limited
Graham Robjohns
Brian Tienzo
+44 207 063 7900
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1391892]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2010 - 00:01 Uhr
Sprache: Deutsch
News-ID 16685
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contact information:
Town:
London
Kategorie:
Business News
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