Nordic American Tankers Ltd (NYSE: NAT) – Announces the date for its 2020 Annual General Meeting of Shareholders (AGM)

Rhea-AI Summary

Nordic American Tankers Limited has scheduled its 2020 Annual General Meeting (AGM) for December 18, 2020, at 10:00 a.m. Bermuda time, in Monaco. The record date for shareholders eligible to vote is set for October 26, 2020. Shareholders will find the Notice of Meeting and Proxy Statement available on the SEC's Form 6-K today. The company emphasizes adherence to safe harbor provisions for forward-looking statements, cautioning that actual results may significantly differ due to various uncertainties, including market conditions and operational expenses.

Positive

• Scheduled 2020 AGM for December 18, 2020, providing shareholders a chance to engage.
• Record date established on October 26, 2020, ensures eligible shareholders can vote.

Negative

• Potential uncertainties highlighted regarding market conditions and operational expenses.

November 3, 2020

Dear Shareholders and Investors, 

Nordic American Tankers Limited today announced that its Board of Directors has scheduled the 2020 AGM, to be held on December 18, 2020 at 10:00 a.m., Bermuda time, at 17, Bd Albert 1er, MC98000 Monaco.

The Board has set a record date of October 26, 2020 for the determination of the NAT shareholders entitled to receive notice of and to vote at the AGM or any adjournment thereof.

The Notice of the Meeting and Proxy Statement will be available with the Securities and Exchange Commission (SEC) on a form 6-K today, November 3, 2020.

Best regards,

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.

NAT is a Bermuda based company.

Contacts:       

Gary J. Wolfe
Seward & Kissel LLP
New York, USA
Tel: +1 212 574 1223

Bjørn Giæver, CFO
Nordic American Tankers Limited
Tel: +1 888 755 8391 or +47 91 35 00 91       

Herbjørn Hansson, Chairman & CEO
Nordic American Tankers Limited
Tel: +1 866 805 9504 or +47 90 14 62 91

FAQ

What is the date of the 2020 AGM for Nordic American Tankers (NAT)?

The 2020 AGM for Nordic American Tankers is scheduled for December 18, 2020.

What is the record date for shareholders to vote at the NAT AGM?

The record date for shareholders entitled to vote at the NAT AGM is October 26, 2020.

Where will the Nordic American Tankers' 2020 AGM be held?

The 2020 AGM will be held in Monaco at 17, Bd Albert 1er.

When will the Notice of Meeting and Proxy Statement be available for NAT shareholders?

The Notice of Meeting and Proxy Statement will be available on the SEC's Form 6-K on November 3, 2020.

What uncertainties does Nordic American Tankers (NAT) mention regarding future performance?

NAT highlights uncertainties related to market conditions, operational expenses, and other factors that may affect future performance.