Team Tankers International Ltd. : Distribution of shares to the Chief Financial Officer
March 01 2017 - 12:04PM
As previously announced in
February 2016, Mr. Kevin Kilcullen, Chief Financial Officer of Team
Tankers International Ltd. (the "Company"), has on certain
conditions been granted equity awards in the Company as a part of
his long-term incentive program.
Mr. Kilcullen has
today received 60,000 shares (net post tax) (the "Vested Shares").
Mr. Kilcullen has not paid any cash consideration for the
Vested Shares. Following the distribution of the Vested Shares, Mr.
Kilcullen is the owner of 60,000 shares and he has a right to
acquire a further 300,000 shares under the equity award announced
in 2016.
After this transaction, the
Company has outstanding equity awards in respect of a total of
3,597,125 shares. The Company has issued to date a total of
188,482,074 shares of which 1,366,003 shares are held by the
Company as treasury shares.
The Board of Directors
Team Tankers International
Ltd.
Hamilton, Bermuda
Questions should be directed
to:
Hans Feringa: President and
CEO
T: +1 203 221 3420
Kevin Kilcullen: CFO
T: +1 203 221 3433
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 Corporate Solutions on behalf
of Nasdaq 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: Team Tankers International Ltd. via
Globenewswire