FRO - Cancellation of Fractional Shares
(Thomson Reuters ONE) -
HAMILTON, BERMUDA - December 3, 2015
In connection with the previously announced closing of the merger between
Frontline Ltd. (NYSE/OSE: FRO) (the "Company") and Frontline 2012 Ltd.
("Frontline 2012"), the Company will today cancel 307 common shares, which
account for the fractional shares that will not be distributed to Frontline
2012 shareholders as merger consideration. Also, as previously disclosed, the
Company plans to distribute cash in lieu of the fractional shares to
shareholders of Frontline 2012 as of November 30, 2015, as registered in the
shareholder register of Frontline 2012 on December 2, 2015.
Following the cancellation of shares, the Company will have 781,937,649 common
shares outstanding, each with a par value of USD 1.00.
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts. Words, such as, but not limited to "believe," "anticipate," "intends,"
"estimate," "forecast," "project," "plan," "potential," "may," "should,"
"expect," "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions.
Although Frontline believes that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and are beyond
the control of Frontline, Frontline cannot assure you that they will achieve or
accomplish these expectations, beliefs or projections. The information set forth
herein speaks only as of the date hereof, and Frontline disclaims any intention
or obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.
***
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#1971220]
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2015 - 16:11 Uhr
Sprache: Deutsch
News-ID 437469
Anzahl Zeichen: 3151
contact information:
Town:
Hamilton
Kategorie:
Business News
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