Golar LNG Partners L.P. : Common Unit Repurchase Program
March 05 2018 - 9:15AM
HAMILTON, BERMUDA - In light of the recent lows in the price of
its common units, Golar LNG Partners LP (NASDAQ: GMLP) (the
"Partnership") announced today that the Board has authorized the
repurchase by the Partnership of up to $25 million of its
outstanding common units over the next two years. Under the
terms of the repurchase program, the Partnership may repurchase
common units from time to time, at the Partnership's discretion, on
the open market or in privately negotiated transactions. Any
repurchases are subject to market conditions, applicable legal
requirements and other considerations. Common units will be
purchased only during periods where the Partnership is not aware of
material inside information that would likely affect a seller's
decision to sell. The Partnership is not obligated under the
repurchase program to repurchase any specific dollar amount or
number of common units, and the repurchase program may be modified,
suspended or discontinued at any time. Any common units repurchased
by the Partnership under the program will be cancelled.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
concerning future events and the Partnership's operations,
performance and financial condition. Forward-looking
statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe", "anticipate",
"expect", "estimate", "project", "will be", "will continue", "will
likely result", "plan", "intend" or words or phrases of similar
meanings. Such statements are generally not historical in nature
and specifically include statements about the Partnership's plans,
strategies, business prospects and changes and trends in the
business in which it operates. In particular, statements
regarding the Partnership's cash distributions and common unit
repurchase plan are considered forward looking statements. These
statements involve known and unknown risks and are based upon a
number of assumptions and estimates that are inherently subject to
significant uncertainties and contingencies, many of which are
beyond the Partnership's control. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. New factors emerge from time to time, and it is not
possible for the Partnership to predict all of these factors.
Further, the Partnership cannot assess the impact of each such
factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
The Partnership does not intend to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Partnership's expectations with respect
thereto or any change in events, conditions or circumstances on
which any such statement is based.
Hamilton, Bermuda
March 5, 2018
Investor relations enquiries:
Golar Management Limited - +44 207 063 7900
Graham Robjohns
Brian Tienzo
Stuart Buchanan
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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