FRO - Increase in share capital
December 24 2014 - 2:45AM
Reference is made to the announcement by Frontline
Ltd. ("Frontline" or the "Company") of the Company's entry into a
debt for equity exchange agreement December 16, 2014.
Frontline has on December 23, 2014
issued 760,377 new ordinary shares. Following such issuance,
Frontline has an issued share capital of USD 112,342,989 divided
into 112,342,989 ordinary shares. The agreement is now closed and
no more shares will be issued under this agreement.
December 23, 2014
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda
Questions should be directed to:
Robert Hvide Macleod: Chief Executive Officer,
Frontline Management AS
+47 23 11 40 00
Inger M. Klemp: Chief Financial Officer, Frontline Management
AS
+47 23 11 40 00
This information is subject of 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#1883479
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