AI assistant
Frontline Plc — Major Shareholding Notification 2019
Aug 27, 2019
6242_mrq_2019-08-27_76d420a6-b7d7-4c29-a08a-4f25e336dc70.html
Major Shareholding Notification
Open in viewerOpens in your device viewer
Disclosure of shareholding
Disclosure of shareholding
Reference is made to the announcement by Frontline Ltd. (“Frontline”) on August 23, 2019 regarding entering into of the sale and purchase agreement with Trafigura Maritime Logistics, a wholly-owned subsidiary of Trafigura Pte Ltd ("Trafigura").
Pursuant to the above-mentioned agreement, Trafigura has received 16,035,856 ordinary shares in Frontline and is, through its subsidiaries, the beneficial owner of 16,035,856 ordinary shares in Frontline representing approx. 8.48% ownership based on 189,153,166 shares outstanding.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.