Press release from Nordic American Tankers (NYSE:NAT): Nordic American Offshore (NYSE:NAO) - Increased ownership by the Hanss...
May 16 2017 - 4:49AM
Hamilton, Bermuda, May 16, 2017
For the interest it may have, below is a press release from
Nordic American Offshore Ltd. that was announced today.
-------------------------------------
Nordic American Offshore Ltd. (NYSE:NAO) - the Executive
Chairman and his family increase its holding in NAO.
Hamilton, Bermuda, May 16, 2017
A company owned by the NAO Executive Chairman, Herbjorn Hansson
and his son, Alexander, yesterday, Monday May 15, bought 300,000
shares in NAO at an average price of $1.17 per share.
Over the last week, as from Tuesday May 9, the Hansson family
has acquired 1,981,007 NAO shares in aggregate at an average price
of $1.13 per share. In addition to their holding from before,
following yesterdays transaction of 300,000 shares in NAO, the
Hansson family holds shares equivalent to 6.9% of NAO. Relevant
filing will be undertaken.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
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.
The Company desires to take advantage of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe
harbor legislation. The words "believe," "anticipate," "intend,"
"estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify
forward-looking statements.
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, our management's examination of historical operating
trends, data contained in our records and other data available from
third parties. Although we believe 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 our control, we
cannot assure you that we will achieve or accomplish these
expectations, beliefs or projections. We undertake no
obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise.
Important factors that, in our view, could cause
actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies
and currencies, general market conditions, including fluctuations
in charter rates and vessel values, changes in demand in the PSV
market, as a result of changes in the general market conditions of
the oil and natural gas industry which influence charter hire rates
and vessel values, demand in platform supply vessels, our operating
expenses, including bunker prices, dry docking and insurance
costs, governmental rules and regulations or actions taken by
regulatory authorities as well as potential liability from pending
or future litigation, general domestic and international political
conditions, potential disruption of shipping routes due to
accidents or political events, the availability of financing and
refinancing, vessel breakdowns and instances of off-hire and other
important factors described from time to time in the reports filed
by the Company with the Securities and Exchange Commission.
Contacts:Herbjørn Hansson, Executive ChairmanNordic American
Offshore Ltd.Tel: +1 866 805 9504 or + 47 90 14 62 91
Web-site: www.nao.bm
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/2ad72d95-fdf1-4710-870f-18de745e6e26
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