Nordic American Tankers Limited (NYSE:NAT) - the Chairman & CEO and his family increase its holding in NAT
February 27 2017 - 4:03AM
Hamilton, Bermuda, February 27, 2017
A company owned by the NAT Chairman & CEO, Herbjorn Hansson
and his son, Alexander, bought 75,000 NAT shares last week, adding
to the position as one of the largest shareholders of NAT. The
share price was $7.96 per share.
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 tanker market, as a
result of changes in OPEC's petroleum production levels and world
wide oil consumption and storage, changes in our operating
expenses, including bunker prices, drydocking and insurance costs,
the market for our vessels, availability of financing and
refinancing, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due
to accidents or political events, vessels breakdowns and instances
of off-hire, failure on the part of a seller to complete a sale to
us and other important factors described from time to time in the
reports filed by the Company with the Securities and Exchange
Commission, including the prospectus and related prospectus
supplement, our Annual Report on Form 20-F, and our Reports on Form
6-K.
Contacts:Herbjørn Hansson, Chairman & CEONordic
American Tankers LimitedTel: +1 866 805 9504 or +47 90 14
62 91
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/156dc6d7-a5f2-4b93-8cdb-1b5750b8a0f4
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