Frontline has through market purchases executed 6 February 2001 bought back 200,000 of the Company’s common shares. The shares have been bought back at a price of NOK 107.18.
Further, holders of Frontline warrants have exercised 142 warrants. Frontline has in exchange for proceeds equal to USD 222 issued 14 shares.
Total number of outstanding shares after this is 76,901,525. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 2,887,145 shares has been acquired within a total of 3,500,000 authorized.
Hamilton, Bermuda
6 February, 2001
Recommended Reading
-
Frontline plc (“Frontline” or the “Company”) (NYSE and OSE: FRO) is pleased to announce that it has entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence...
Read More -
Acquisition and Sale of VLCCs Frontline plc (“Frontline”) (NYSE: FRO – OSE: FRO) announces a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older...
Read More