American Shipping Company ASA : Purchase of treasury shares
March 31 2017 - 10:44AM
31 March 2017 - Reference is made to American
Shipping Company ASA's ("ASMC" or the "Company") stock exchange
notice dated 29 March, 2017 where AMSC announced its intent to
purchase 25,000 treasury shares in connection with its incentive
scheme for employees. AMSC has today purchased 11,500 shares in the
Company on Oslo Børs at an average price of NOK 28.0783 per share,
which implies a total consideration of NOK 322,900. The purchase of
treasury shares was carried out in accordance with an authorization
granted by the Annual General Meeting of the Company held on April
27, 2016.
Following the purchase, AMSC holds a total of
25,000 treasury shares, constituting approximately 0.04% of the
Company's shares and votes. The shares will be sold to MB Capital
AS, a company controlled by the Company's CFO, Morten Bakke.
***
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: American Shipping Company ASA via
Globenewswire
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