FRO - issue of new shares

(Thomson Reuters ONE) -


Reference is made to the announcement on May 29, 2015, that Frontline  Ltd.
(NYSE/OSE: FRO) (the "Company" or  "Frontline") had entered into a heads of
agreement to amend the terms of the long term charter agreements with Ship
Finance International Limited ("Ship Finance").

The new agreement has now been completed, and 55 million new Frontline shares
have after close of trading on June 5, 2015, been issued to Ship Finance.
Following such issuance, Frontline has an issued share capital of USD
198,375,854 divided into 198,375,854 ordinary shares par value USD 1 each.

Frontline has agreed to register the new shares for resale with the US
Securities and Exchange Commission. The new shares will be eligible for listing
and trading on the Oslo Stock Exchange upon approval of a listing prospectus by
the Norwegian Financial Supervisory Authority (expected during July 2015).


June 5, 2015
Frontline Ltd.
Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 00

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 00



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#1926836]

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Bereitgestellt von Benutzer: hugin
Datum: 08.06.2015 - 08:40 Uhr
Sprache: Deutsch
News-ID 398695
Anzahl Zeichen: 1996

contact information:
Town:

Hamilton

Kategorie:

Business News

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