Team Tankers International Ltd. : Distribution of shares to the President and CEO
September 07 2017 - 10:00AM
Team Tankers International Ltd.:
Distribution of shares to the President and CEO
As previously announced on 1
September 2015, Mr. Hans Feringa, President and Chief Executive
Officer of Team Tankers International Ltd. (the "Company"), has on
certain conditions been granted equity awards in the Company as a
part of his long-term incentive program.
Mr. Feringa has today
received 282,723 shares (net post tax) (the "Vested
Shares"). Mr. Feringa has not paid any cash consideration for
the Vested Shares. Following the distribution of the Vested Shares,
Mr. Feringa is the owner of 1,036,651 shares and he has a right to
acquire a further 942,410 shares under the equity award as
announced on 1 September 2015.
After this transaction, the
Company has outstanding equity awards in respect of a total of
2,831,417 shares. The Company has issued to date a
total of 188,482,074 shares of which 3,812,258 shares are
held by the Company as treasury shares.
The Board of Directors
Team Tankers International Ltd.
Hamilton, Bermuda
Questions should be directed to:
Hans Feringa: President and CEO
T: +1 203 221 3600
Kevin Kilcullen: CFO
T: +1 203 221 3600
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: Team Tankers International Ltd. via
Globenewswire