Odfjell terminates TRS agreement and buys treasury shares
(Thomson Reuters ONE) - On October 14, 2009, Odfjell terminated its Total Return Swap (TRS)agreement for 1,679,500 Odfjell A-shares and 2,322,482 OdfjellB-shares with DnB NOR Markets, which was originally due on 10November 2009.Simultaneously all shares were acquired by Odfjell SE at a price ofNOK 51 for the A-shares and NOK 45 for the B-shares. After thepurchase Odfjell SE currently holds 1,679,500 Odfjell A-shares and2,322,482 B-shares directly and 819,500 A-shares through its 100%owned subsidiary Odfjell Chemical Tankers AS.For more information please contact: Haakon Ringdal CFO in Odfjell ontel.:+ 47 55 27 45 63 or mobile: + 47 995 83 620. E-mail:haakon.ringdal(at)odfjell.comThe Odfjell Group is a leading participant in the global marketof the seaborne transportation and storage of chemicals and otherspeciality bulk liquids. The Odfjell fleet exceeds 90 ships, tradingboth globally and regionally. The tank terminal division consists ofeight fully or partially owned tank terminals and nine associatedtank terminals strategically located. The Odfjell Group isheadquarted in Bergen, Norway and has about 20 offices world wide.Odfjell has about 3 700 employees and an annual gross revenue ofabout USD 1,5 billion.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.10.2009 - 13:11 Uhr
Sprache: Deutsch
News-ID 6911
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