ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

FRO Frontline

175.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frontline LSE:FRO London Ordinary Share BMG3682E1277 ORD USD1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 175.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

FRO - Grant of share options to members of the Board of Directors and management

06/07/2016 7:15am

GlobeNewswire


Frontline Ltd. ("Frontline" or the "Company") hereby announces that 1,170,000 share options have been awarded to employees and board members in accordance with the terms of the Company's Share Option Scheme. The share options will have a five-year term and will vest equally one third over a three-year vesting period. The exercise price is USD 8.00. The exercise price will be adjusted for any distribution of dividends made before the relevant options are exercised.

The following primary insiders have been allocated options according to the above and they have the following number of shares and options in the Company:

Primary insider New share options Total share options Shareholding
Robert Hvide Macleod (CEO) 798,000 798,000 220,000
Inger Marie Klemp (CFO) 120,000 120,000 180,000
John Fredriksen (Chairman) 198,000 198,000 0*)
Kate Alexandra Blankenship (director) 21,000 21,000 2,343
Ola Lorentzon (director) 21,000 21,000 3,000
Georgina Souza (director) 12,000 12,000 0

*) Hemen Holding Limited is a Cyprus holding company, which is indirectly controlled by trusts established by Mr. Fredriksen, for the benefit of his immediate family. Mr. Fredriksen disclaims beneficial ownership of the 80,803,422 ordinary shares held by Hemen, except to the extent of his voting and dispositive interest in such shares of common stock. Mr. Fredriksen has no pecuniary interest in the shares held by Hemen. 

July 5, 2016
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

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#2026207

1 Year Frontline Chart

1 Year Frontline Chart

1 Month Frontline Chart

1 Month Frontline Chart

Your Recent History

Delayed Upgrade Clock