Frontline Ld Fro - Frontline Ltd. Announces Date Of Special General Meeting Of Shareholders To Approve The Previously Announc...
October 26 2015 - 3:41AM
UK Regulatory
TIDMFRO
HAMILTON, BERMUDA - October 26, 2015
Reference is made to the announcement dated July 2, 2015, that Frontline
Ltd. (NYSE/OSE/LSE: FRO) ("Frontline") and Frontline 2012 Ltd. (NOTC:
FRNT) ("Frontline 2012") have entered into an agreement and plan of
merger, pursuant to which the two companies have agreed to enter into a
merger transaction, with Frontline as the surviving legal entity and
Frontline 2012 becoming a wholly-owned subsidiary of Frontline.
Frontline advises that its Special General Meeting of Shareholders (the
"Special Meeting") to approve the merger transaction will be held on
Monday November 30, 2015, subject to timely effectiveness of the joint
proxy statement/prospectus of Frontline.
Frontline has fixed the close of business on Monday November 2, 2015 as
the record date for the determination of the shareholders entitled to
receive notice and vote at the Special Meeting or any adjournments or
postponements thereof.
Formal notices of the Special Meeting and the joint proxy
statement/prospectus will be sent to shareholders as of the record date.
Important Information For Investors And Shareholders
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval. In connection with the proposed transaction between
Frontline and Frontline 2012, Frontline has filed relevant materials
with the Securities and Exchange Commission (the "SEC"), including a
registration statement of Frontline on Form F-4 (File No. 333-206542),
initially filed on August 24, 2015 and subsequently amended, that
includes a joint proxy statement of Frontline 2012 and Frontline that
also constitutes a prospectus of Frontline. The registration statement
has not yet become effective. After the registration statement is
declared effective by the SEC, a definitive joint proxy
statement/prospectus will be mailed to shareholders of Frontline 2012
and Frontline. INVESTORS AND SECURITY HOLDERS OF FRONTLINE 2012 AND
FRONTLINE ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders will be able to obtain free
copies of the registration statement and the joint proxy
statement/prospectus (when available) and other documents filed with or
furnished to the SEC by Frontline through the website maintained by the
SEC at http://www.sec.gov. Copies of the documents filed with or
furnished to the SEC by Frontline will be available free of charge on
Frontline's website at http:// www.frontline.bm. Additional information
regarding the participants in the proxy solicitations and a description
of their direct and indirect interests, by security holdings or
otherwise, will be contained in the joint proxy statement/prospectus and
other relevant materials to be filed with or furnished to the SEC when
they become available.
Forward -Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. 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. Words, such as, but not limited to
"believe," "anticipate," "intends," "estimate," "forecast," "project,"
"plan," "potential," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
Forward-looking statements include, without limitation, statements
regarding:
-- The effectuation of the transaction between Frontline and Frontline 2012
described above;
-- The delivery to and operation of assets by Frontline;
-- Frontline's and Frontline 2012's future operating or financial results;
-- Future, pending or recent acquisitions, business strategy, areas of
possible expansion, and expected capital spending or operating expenses;
and
-- Tanker market trends, including charter rates and factors affecting
vessel supply and demand.
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, examination of historical
operating trends, data contained in records and other data available
from third parties. Although Frontline believes 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 the control of
Frontline, Frontline cannot assure you that they, or the combined
company, will achieve or accomplish these expectations, beliefs or
projections. In addition to these important factors, other important
factors that could cause actual results to differ materially from those
discussed in the forward-looking statements, including the strength of
world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand for
tanker shipping capacity, changes in the combined company's operating
expenses, including bunker prices, drydocking and insurance costs, the
market for the combined company's 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-hires and
other factors. Please see Frontline's filings with the SEC for a more
complete discussion of these and other risks and uncertainties. The
information set forth herein speaks only as of the date hereof, and
Frontline disclaims any intention or obligation to update any
forward-looking statements as a result of developments occurring after
the date of this communication.
Hamilton, Bermuda
October 26, 2015
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 OMX Corporate Solutions on
behalf of NASDAQ OMX 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: Frontline Ltd. via Globenewswire
HUG#1961308
http://www.frontline.bm/
(END) Dow Jones Newswires
October 26, 2015 03:41 ET (07:41 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Frontline (LSE:FRO)
Historical Stock Chart
From Apr 2024 to May 2024
Frontline (LSE:FRO)
Historical Stock Chart
From May 2023 to May 2024