latest news releases from the newsroom
Frontline Ltd. Capital Adjustments
HAMILTON, Bermuda, Aug. 8, 2003 (PRIMEZONE) -- One employee of Frontline (NYSE:FRO) (LSE:FRO) has exercised options to acquire a total of 2,500 shares in Frontline. All shares have been acquired at a strike price of NOK 13.76 per share. Total proceeds were NOK 34,400.
Ahold obtains extension of deadline for delivery of financial statements to September 30, 2003
ZAANDAM, August 8, 2003 (PRIMEZONE) -- Ahold (NYSE:AHO) (Amsterdam:AHLN) announced today that it has reached an agreement with its syndicate of banks to extend the deadline for the delivery of audited consolidated fiscal year 2002 financial statements to September 30, 2003. After the completion of all internal forensic accounting investigations, as announced on July 1, 2003, Ahold is determining and processing the accounting adjustments required as a result of these investigations and as a result of the audit. In consultation with its auditors, Deloitte & Touche, Ahold has concluded that this process is taking longer than expected.
Akzo Nobel: Eka Chemicals to operate EUR 50 million 'Chemical Island' for Veracel
ARNHEM, The Netherlands, Aug. 8, 2003 (PRIMEZONE) -- Eka Chemicals, Akzo Nobel's (Nasdaq:AKZOY) pulp and paper chemicals business unit, has secured a 15 year supply agreement for the delivery of chemicals to the new Veracel pulp mill at Eunapolis in the state of Bahia, Brazil, jointly owned by Aracruz Celulose S.A. and Stora Enso Oyj. On completion in May 2005, the Veracel mill will be the world's largest single-line bleached eucalyptus pulp mill, with an output of around 900,000 tons per year.