FRO - Exempted from Norwegian takeover rules
June 03 2015 - 2:32AM
Frontline Ltd. ("Frontline") (NYSE/OSE: FRO) has a
primary listing of its shares on New York Stock Exchange ("NYSE")
and a secondary listing on Oslo Stock Exchange ("OSE"). Due to its
primary listing on NYSE, Frontline is subject to tender offer rules
set out in U.S. securities laws which include certain obligations
towards the U.S. Securities and Exchange Commission. The OSE, in
its capacity as take-over supervisory authority in Norway, has on
June 2, 2015, resolved to exempt Frontline from the provisions
regulating voluntary and mandatory takeover bids in Chapter 6 of
the Norwegian Securities Trading Act (the "Norwegian Takeover
Rules"). Consequently, trading in the shares of Frontline will not
be subject to the Norwegian Takeover Rules.
June 2, 2015
Frontline Ltd.
Hamilton, Bermuda
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: Frontline Ltd. via Globenewswire
HUG#1925921
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