Golar LNG Partners Unit Purchase Program
(Thomson Reuters ONE) -
Golar LNG Limited ("Golar" or the "Company") today announced that it has
approved a unit purchase program under which the Company may purchase up to $25
million worth of Golar LNG Partners L.P. outstanding units over the next 12
months. The authorization is effective immediately. Given Golar LNG Partners'
current yield of approximately 11%, the Company views this purchase program as
an attractive investment opportunity.
The Company intends to purchase units 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 purchases
will be determined by the Company's management based on its evaluation of market
conditions, capital allocation alternatives, and other factors. The unit
purchase program does not require the Company to acquire any specific number of
units 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
4 August, 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#1943610]
Unternehmensinformation / Kurzprofil:
Datum: 04.08.2015 - 18:19 Uhr
Sprache: Deutsch
News-ID 411449
Anzahl Zeichen: 1970
contact information:
Town:
Hamilton
Kategorie:
Business News
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"Golar LNG Partners Unit Purchase Program"
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