American Shipping Company ASA: Primary insider notification
January 11 2016 - 2:32AM
Aker ASA ("Aker") has through its wholly-owned subsidiary Aker
Capital II AS today entered into a TRS agreement with DNB Markets,
part of DNB Bank ASA, giving financial exposure to 5,500,000
underlying shares in American Shipping Company ASA ("AMSC"), equal
to 9.07 per cent of the share capital of AMSC. The expiry date of
the TRS agreement has been set to 21 November 2016. The swap price
for the contract is NOK 26.5005 per share.
In addition to the financial exposure provided by the
abovementioned swap agreement, Aker has through Aker Capital II AS,
financial exposure to 9,182,520 underlying shares in AMSC, equal to
15.15 per cent of the share capital in AMSC through a second TRS
agreement; and financial exposure to 4,005,100 underlying shares in
AMSC, equal to 6.61 per cent of the share capital of AMSC, through
a third TRS agreement.
Through Aker Capital II AS, Aker also holds 11,557,022 shares in
AMSC, equalling 19.07 per cent of the shares and votes of
AMSC.
***
The information contained
herein is subject to the disclosure requirements of section 4-2 of
the Norwegian Securities Trading Act.
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#1977852
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