Nordic American Tankers Ltd (NYSE: NAT) – Board Member Alexander Hansson buys more NAT shares
Nordic American Tankers Ltd (NAT) announced that Alexander Hansson, a Board Member and son of the company's founder, recently purchased 100,000 shares at an average price of $4.3176 per share. This acquisition raises his total ownership to 2.1 million shares, solidifying the Hansson family's status as the largest private shareholder group. The transactions reflect continuous insider confidence in NAT, which may positively signal to the market. The press release also includes cautionary statements regarding forward-looking statements and potential market challenges affecting performance.
- Alexander Hansson's purchase of shares indicates strong insider confidence.
- Hansson family remains the largest private shareholder, potentially reflecting stability.
- None.
Tuesday, March 7, 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 25,000 shares in NAT at
Last week Alexander Hansson also bought 75,000 shares.
Following these transactions, Monaco based Alexander Hansson privately owns 2.1 million 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:
Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171
Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391
FAQ
What recent share purchases were made by Alexander Hansson in NAT?
How many total shares does Alexander Hansson own in Nordic American Tankers?
What is the significance of the Hansson family's shareholding in NAT?
What does the press release say about forward-looking statements?
