FRO Frontline

 
TIDMFRO 
 
 
   Frontline Ltd. (the "Company" or "Frontline") announces today that it 
has requested the UK Listing Authority (the "UKLA") to cancel the 
listing of all of its ordinary shares of USD$1.00 each (LSE: FRO) 
("Ordinary Shares") listed on the standard listing segment of the 
Official List of the UKLA ("Official List") and admitted to trading on 
London Stock Exchange plc's main market for listed securities ("Main 
Market") with effect from the opening of the market on 2 November 2015. 
 
   The Company believes that, given the limited liquidity of the Ordinary 
Shares, the costs and administrative burden of maintaining the listing 
on the Official List and admission to trading on the Main Market are 
disproportionate to the benefits thereof. 
 
   Accordingly, the last day of dealings in the Company's Ordinary Shares 
on the Main Market will be 30 October 2015. 
 
   Important Information for Investors and Shareholders 
 
   This communication does not constitute an offer to sell or the 
solicitation of an offer to buy any securities or a solicitation of any 
vote or approval. In connection with the proposed transaction between 
Frontline and Frontline 2012 Ltd. ("Frontline 2012"), Frontline has 
filed relevant materials with the Securities and Exchange Commission 
(the "SEC"), including a registration statement of Frontline on Form F-4 
(File No. 333-206542), filed on August 24, 2015, that includes a joint 
proxy statement of Frontline 2012 and Frontline that also constitutes a 
prospectus of Frontline.  The registration statement has not yet become 
effective.  After the registration statement is declared effective by 
the SEC, a definitive joint proxy statement/prospectus will be mailed to 
shareholders of Frontline 2012 and Frontline. INVESTORS AND SECURITY 
HOLDERS OF FRONTLINE 2012 AND FRONTLINE ARE URGED TO READ THE JOINT 
PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH 
THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE 
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  Investors and security 
holders will be able to obtain free copies of the registration statement 
and the joint proxy statement/prospectus (when available) and other 
documents filed with or furnished to the SEC by Frontline through the 
website maintained by the SEC at http://www.sec.gov. Copies of the 
documents filed with or furnished to the SEC by Frontline will be 
available free of charge on Frontline's website at 
http://www.frontline.bm. Additional information regarding the 
participants in the proxy solicitations and a description of their 
direct and indirect interests, by security holdings or otherwise, will 
be contained in the joint proxy statement/prospectus and other relevant 
materials to be filed with or furnished to the SEC when they become 
available. 
 
   Forward -Looking Statements 
 
   Matters discussed in this press release may constitute forward-looking 
statements.  Forward-looking statements include statements concerning 
plans, objectives, goals, strategies, future events or performance, and 
underlying assumptions and other statements, which are other than 
statements of historical facts. Words such as, but not limited to, 
"believe," "anticipate," "intends," "estimate," "forecast," "project," 
"plan," "potential," "may," "should," "expect," "pending" and similar 
expressions identify forward-looking statements. 
 
   Forward-looking statements include, without limitation, statements 
regarding: 
 
 
   -- The effectuation of the transaction between Frontline and Frontline 2012 
      described above; 
 
   -- The delivery to and operation of assets by Frontline; 
 
   -- Frontline's and Frontline 2012's future operating or financial results; 
 
   -- Future, pending or recent acquisitions, business strategy, areas of 
      possible expansion, and expected capital spending or operating expenses; 
      and 
 
   -- Tanker market trends, including charter rates and factors affecting 
      vessel supply and demand. 
 
 
   The forward-looking statements in this press release are based upon 
various assumptions, many of which are based, in turn, upon further 
assumptions, including without limitation, examination of historical 
operating trends, data contained in records and other data available 
from third parties. Although Frontline believes that these assumptions 
were reasonable when made, because these assumptions are inherently 
subject to significant uncertainties and contingencies which are 
difficult or impossible to predict and are beyond the control of 
Frontline, Frontline cannot assure you that they, or the Combined 
Company (as defined in Frontline's press release of 2 July 2015), will 
achieve or accomplish these expectations, beliefs or projections. In 
addition to these important factors, other important factors that could 
cause actual results to differ materially from those discussed in the 
forward-looking statements, including the strength of world economies 
and currencies, general market conditions, including fluctuations in 
charter rates and vessel values, changes in demand for tanker shipping 
capacity, changes in the Combined Company's operating expenses, 
including bunker prices, drydocking and insurance costs, the market for 
the Combined Company's vessels, availability of financing and 
refinancing, changes in governmental rules and regulations or actions 
taken by regulatory authorities, potential liability from pending or 
future litigation, general domestic and international political 
conditions, potential disruption of shipping routes due to accidents or 
political events, vessels breakdowns and instances of off-hires and 
other factors. Please see Frontline's filings with the SEC for a more 
complete discussion of these and other risks and uncertainties. The 
information set forth herein speaks only as of the date hereof, and 
Frontline disclaims any intention or obligation to update any 
forward-looking statements as a result of developments occurring after 
the date of this communication. 
 
   29 September 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#1955067 
 
 
  http://www.frontline.bm/ 
 

(END) Dow Jones Newswires

September 29, 2015 02:41 ET (06:41 GMT)

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