Golar LNG Limited Convertible Bond Repurchase Program
(Thomson Reuters ONE) -
Golar LNG Limited ("Golar" or the "Company") today announced that its Board of
Directors has authorized a convertible bond repurchase program under which the
Company may repurchase up to $50 million of Golar's outstanding convertible
bond. The authorization is effective immediately and remains valid until 31
December 2015.
The Company intends to repurchase convertible bonds 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 of market conditions, capital allocation alternatives, and other
factors. The convertible bond repurchase program does not require the Company to
acquire any specific number of convertible bonds 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
6 February, 2015
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#1892493]
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Datum: 06.02.2015 - 11:40 Uhr
Sprache: Deutsch
News-ID 369701
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contact information:
Town:
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