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Nordic American Tankers Ltd (NYSE: NAT) –

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Nordic American Tankers Ltd (NAT) has seen a significant purchase of 100,000 shares by Alexander Hansson, a board member and son of the company's founder, chairman, and CEO. As a result, Hansson now privately owns 2,250,000 shares, solidifying the family's position as the largest private shareholder group in the company.
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Thursday, November 30, 2023

 

Dear Shareholders and Investors,

 

Alexander Hansson, Board Member of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 100,000 shares in NAT at $3.93 per share.

Following these transactions, Monaco based Alexander Hansson privately owns 2,250,000 shares in NAT.

As in the past, the Hansson family is the largest private shareholder group in the company. 

For contacts, please see at the end of this communication.

 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                           www.nat.bm  

 

 

 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. 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.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

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, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe 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 our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our 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 important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

 

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    


 


FAQ

Who bought shares in Nordic American Tankers Ltd (NAT)?

Alexander Hansson, a board member and son of the company's founder, chairman, and CEO, has bought 100,000 shares in NAT.

How many shares does Alexander Hansson now own in NAT?

Following the recent purchase, Alexander Hansson privately owns 2,250,000 shares in NAT.

Who is the largest private shareholder group in NAT?

The Hansson family, including Alexander Hansson, is the largest private shareholder group in Nordic American Tankers Ltd.

What is the current share price of NAT?

The recent purchase of 100,000 shares by Alexander Hansson was at $3.93 per share for Nordic American Tankers Ltd.

Where can I find more information about NAT and the recent share purchase?

For more information, you can visit the company's website at www.nat.bm or contact them directly using the provided details at the end of the press release.

Nordic American Tanker

NYSE:NAT

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835.19M
202.42M
3.02%
45.67%
3.95%
Deep Sea Freight Transportation
Transportation and Warehousing
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United States of America
27 Reid Street

About NAT

Nordic American Tankers Limited is an international tanker company. It owns and operates Suezmax crude oil tankers.