Golar LNG - Share Options Exercise and Amendments
(Thomson Reuters ONE) -
In January 2006 Golar LNG Limited ("Golar" or "the Company") issued options to
employees and directors of the Company with a five year term expiring in January
2011. It has been resolved to extend the maturity of these options for relevant
Board members and Management by two years from January 2011. The extension is to
align the long-term interests of shareholders with the Board and Management.
Mr. John Fredriksen, Chairman of the Board, President and Director of Golar has
exercised 300,000 share options in Golar. The options have a strike price of
$10.37 per share. Mr. Fredriksen has sold the same shares at NOK 100.50 per
share.
An affiliated party of Mr. Fredriksen, World Shipholding, has subsequently
purchased a TRS agreement in respect of the same number of shares. The TRS
agreement matures August 24, 2011 and has a strike price of NOK 102.82. After
this transaction World Shipholding, a company indirectly controlled by trusts
established by Mr. Fredriksen for the benefit of his immediate family, owns
31,203,900 shares and has TRS agreements with exposure to a further 500,000
shares. Mr. Fredriksen's and World Shipholding's effective combined exposure to
Golar LNG stock remain unchanged after these transactions.
Option holder Mr. Tor Olav Troim has exercised 150,000 share options in Golar
with a strike price of $10.37 per share. Through Drew Investments Ltd., a
company controlled by Mr. Troim, he has acquired the shares and therefore
remains the holder.
Primary Insiders have been granted extensions of option exercise period as noted
above as follows:
+------------------+--------+
| Kate Blankenship | 75,000 |
+------------------+--------+
| Graham Robjohns | 75,000 |
+------------------+--------+
Total holdings of these primary insiders after this amendment are:
+------------------+---------+--------+
| | Options | Shares |
+------------------+---------+--------+
| Kate Blankenship | 75,000 | 6,500 |
+------------------+---------+--------+
| Graham Robjohns | 175,000 | 2,500 |
+------------------+---------+--------+
A further 246,834 options have also been exercised by employees who are non-
primary insiders. These options have been exercised at a strike price of $10.48.
Golar LNG has sold 150,000 treasury shares in relation to these option exercises
and after these transactions does not own any of its own shares.
The total outstanding number of shares in Golar after these options have been
exercised is 68,123,700.
January 27, 2010
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1483233]
Unternehmensinformation / Kurzprofil:
Datum: 28.01.2011 - 08:47 Uhr
Sprache: Deutsch
News-ID 50818
Anzahl Zeichen: 3652
contact information:
Town:
London
Kategorie:
Business News
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