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Hamilton, Bermuda - December 1, 2015 On November 30, 2015 Frontline Ltd. (the "Company" or "Frontline") completed its previously announced merger with Frontline 2012 Ltd. ("Frontline 2012") with Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned subsidiary of Frontline. On December 1, 2015 the Board of Directors of Frontline has approved implementing a dividend strategy to distribute quarterly dividends to shareholders equal to or close to EPS adjusted for non recurring items. The timing and amount of dividends is at the discretion of the Board of Directors. The Board of Directors is pleased to announce that on December 1, 2015, the Company declared a dividend of $0.05 per share. The record date for the dividend is December 18, 2015, ex dividend date is December 16, 2015 and the dividend will be paid on or about December 30, 2015. Frontline Ltd. press release |
