FRO - Exempted from Norwegian takeover rules
(Thomson Reuters ONE) -
Frontline Ltd. ("Frontline") (NYSE/OSE: FRO) has a primary listing of its shares
on New York Stock Exchange ("NYSE") and a secondary listing on Oslo Stock
Exchange ("OSE"). Due to its primary listing on NYSE, Frontline is subject to
tender offer rules set out in U.S. securities laws which include certain
obligations towards the U.S. Securities and Exchange Commission. The OSE, in its
capacity as take-over supervisory authority in Norway, has on June 2, 2015,
resolved to exempt Frontline from the provisions regulating voluntary and
mandatory takeover bids in Chapter 6 of the Norwegian Securities Trading Act
(the "Norwegian Takeover Rules"). Consequently, trading in the shares of
Frontline will not be subject to the Norwegian Takeover Rules.
June 2, 2015
Frontline Ltd.
Hamilton, Bermuda
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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: Frontline Ltd. via GlobeNewswire
[HUG#1925921]
Unternehmensinformation / Kurzprofil:
Datum: 03.06.2015 - 08:32 Uhr
Sprache: Deutsch
News-ID 397819
Anzahl Zeichen: 1592
contact information:
Town:
Hamilton
Kategorie:
Business News
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"FRO - Exempted from Norwegian takeover rules"
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