Golar LNG Limited Share Repurchase Program
(Thomson Reuters ONE) -
Golar LNG Limited ("Golar" or the "Company") today announced that its Board of
Directors has authorized a new share repurchase program under which the Company
may repurchase up to 5% of Golar's outstanding stock over the next two years.
The authorization is effective immediately.
The authorization of this stock repurchase program underscores the Board's
confidence in Golar's strategy to become a leading integrated midstream LNG
player based on floating infrastructure.
The Company intends to repurchase shares from time to time for cash in open
market transactions or in privately-negotiated transactions in accordance with
applicable federal securities laws. The timing and the amount of any repurchases
will be determined by the Company's management based on its evaluation market
conditions, capital allocation alternatives, and other factors. The new share
repurchase program does not require the Company to acquire any specific number
of shares and may be modified, suspended, extended or terminated by the Company
at any time without prior notice. Golar will execute purchases only during
periods where the executive team and the Board of Directors are not aware of
material inside information that would likely affect a seller's decision to
sell.
Golar LNG Limited
Hamilton, Bermuda
28 November, 2014
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Golar LNG via GlobeNewswire
[HUG#1875682]
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2014 - 14:37 Uhr
Sprache: Deutsch
News-ID 356231
Anzahl Zeichen: 2056
contact information:
Town:
Hamilton
Kategorie:
Business News
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