American Shipping Company ASA : Primary insider disclosure
April 04 2017 - 12:08PM
4 April 2017 - MB Capital AS, a company controlled
by Morten Bakke,CFO of American Shipping Company ASA
("AMSC" or the "Company"), has today
acquired 25,000 shares in AMSC from the Company. The price per
share was NOK 22.64, a total consideration of NOK 566,000, which
constitutes today's closing price, less a price reduction of 20% to
compensate for the lock-up restrictions on the shares for a period
of three years.
The acquisition was carried out as part of the
incentive scheme for the Company's employees, as announced in a
stock exchange notice of 29 March, 2017.
Following the transaction, the Company holds 0
treasury shares and MB Capital AS holds a total of 25,000 shares in
AMSC, constituting approximately 0.04% of the Company's shares and
votes.
***
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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