Nordic American Offshore Ltd. (NYSE:NAO) - the Executive Chairman and his family increase its holding in NAO.
(Thomson Reuters ONE) -
Hamilton, Bermuda, May 30, 2017
A company owned by the NAO Executive Chairman, Herbjorn Hansson and his son,
Alexander, today bought 250,000 shares in NAO at an average price of $1.05 per
share.
Over the last few weeks, as from Tuesday May 9, the Hansson family has acquired
2,881,007 NAO shares in aggregate at an average price of $1.14 per share. In
addition to the holdings of the past, following today's transaction, the Hansson
family holds shares equivalent to 8.4% of NAO.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business. 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.
The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intend," "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,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe 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 our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections. We undertake no obligation to
update any forward-looking statement, whether as a result of new information,
future events or otherwise.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand in the PSV
market, as a result of changes in the general market conditions of the oil and
natural gas industry which influence charter hire rates and vessel values,
demand in platform supply vessels, our operating expenses, including bunker
prices, dry docking and insurance costs, governmental rules and regulations or
actions taken by regulatory authorities as well as potential liability from
pending or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to accidents or
political events, the availability of financing and refinancing, vessel
breakdowns and instances of off-hire and other important factors described from
time to time in the reports filed by the Company with the Securities and
Exchange Commission.
Contacts:
Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel: +1 866 805 9504 or + 47 90 14 62 91
Web-site: www.nao.bm
Press release (PDF) :
http://hugin.info/159489/R/2108626/800935.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic American Offshore Ltd via GlobeNewswire
Datum: 30.05.2017 - 18:31 Uhr
Sprache: Deutsch
News-ID 545259
Anzahl Zeichen: 4607
contact information:
Town:
Sandefjord
Kategorie:
Business News
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"Nordic American Offshore Ltd. (NYSE:NAO) - the Executive Chairman and his family increase its holding in NAO."
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