SFL - Board of Directors 2009 share incentive program and 2Q-09
dividend information
(Thomson Reuters ONE) - Press release from Ship Finance International Limited, October 13,2009Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or "theCompany") today announced that a total of 65,000 new options has beenissued to the Company's Board of Directors.The new options were issued pursuant to the Company's Share OptionScheme and have a five-year term with a three-year vesting period.The Chairman received 25,000 options and the other Directors received10,000 each. The initial strike price is set to $13.00, and the firstoptions will be exercisable in October 2010.The Company also refers to the announcement of the second quarter2009 dividend payable in cash or, at the shareholders request, innewly issued common shares on or about October 16, 2009.Shareholders beneficially owning approximately 51% of our outstandingshares have elected to receive 0.0233 common shares for each shareheld, and approximately 0.9 million new common shares will be issuedas a result of such elections. The remaining shareholders willreceive a cash dividend payment of $0.30 per share.Any questions relating to the dividend payment should be directed toyour broker, bank, or other nominee, or alternatively to BNY Mellon,our transfer agent:U.S. Toll Free: 1-800-301-3489International: +1 201 680 6578http://www.melloninvestor.comOctober 13, 2009The Board of DirectorsShip Finance International LimitedHamilton, BermudaContact Persons:Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS+47 2311 4011 / +47 9014 1243Magnus T. Valeberg: Vice President, Ship Finance Management AS+47 2311 4012 / +47 9344 0960About Ship FinanceShip Finance is a major ship owning company listed on the New YorkStock Exchange (NYSE: SFL). Including newbuildings, the Company has afleet of 66 vessels, including 32 crude oil tankers (VLCC andSuezmax), two chemical tankers, eight oil/bulk/ore vessels, onedry-bulk carrier, 13 container vessels, six offshore supply vessels,one jack-up drilling rigs and three ultra-deepwater drilling units.The fleet is one of the largest in the world and most of the vesselsare employed on long-term charters. The Company has declared a cashdividend for 22 consecutive quarters.More information can be found on the Company's website:www.shipfinance.orgCautionary Statement Regarding Forward Looking StatementsThis press release may contain forward looking statements. Thesestatements are based upon various assumptions, many of which arebased, in turn, upon further assumptions, including Ship Financemanagement's examination of historical operating trends. AlthoughShip Finance believes that these assumptions were reasonable whenmade, because assumptions are inherently subject to significantuncertainties and contingencies which are difficult or impossible topredict and are beyond its control, Ship Finance cannot giveassurance that it will achieve or accomplish these expectations,beliefs or intentions.Important factors that, in the Company's view, could cause actualresults to differ materially from those discussed in thispresentation include the strength of world economies and currencies,general market conditions including fluctuations in charter hirerates and vessel values, changes in demand in the tanker market as aresult of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in the Company's operatingexpenses including bunker prices, dry-docking and insurance costs,changes in governmental rules and regulations or actions taken byregulatory authorities, potential liability from pending or futurelitigation, general domestic and international political.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.10.2009 - 12:01 Uhr
Sprache: Deutsch
News-ID 6850
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Business News
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dividend information"
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