American Shipping Company ASA : Purchase of treasury shares
January 21 2016 - 11:18AM
21 January 2016 - Reference is made to American
Shipping Company ASA's ("ASMC" or the "Company") stock exchange
notice dated 18 January 2016 where AMSC announced its intent to
purchase 30,000 treasury shares in connection with its incentive
scheme for employees. AMSC has today purchased 10,000 shares in the
Company on Oslo Børs at an average price of NOK 22.3844 per share,
which implies a total consideration of NOK 223,844. The purchase of
treasury shares was carried out in accordance with an authorization
granted by the Annual General Meeting of the Company held on April
22, 2015.
Following the purchase, AMSC holds a total of
30,000 treasury shares, constituting approximately 0.05% of the
Company's shares and votes. The shares will be sold to the
Company's CEO, Pål Magnussen.
***
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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: American Shipping Company ASA via
Globenewswire
HUG#1980537
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