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Hamilton, Bermuda, December 1, 2014
Nordic American Tankers Limited announced today the purchase of 198,624 shares in Nordic American Offshore Ltd. (NAO), increasing the NAT shareholding in NAO from 4,008,764 to 4,207,388 shares or from 17.1% to 18% ownership. The shares were bought in the open market Friday November 28, 2014 at an average price of $12.89 per share. NAO has 23,431,370 shares in issue.
Nordic American Offshore Ltd. is a separate and independent company of NAT. A subsidiary of NAT is the business manager of NAO.
NAO was listed on the New York Stock Exchange June 12, 2014 and owns 10 platform supply vessels of which four are newbuildings to be delivered in 2015.
Nordic American Tanker Shipping Ltd., press release