Nordic American Tankers Ltd (NYSE: NAT) – Further purchase of shares by NAT board member Alexander Hansson

Rhea-AI Summary

Alexander Hansson, a board member of Nordic American Tankers Ltd (NAT) and son of the founder, has purchased 50,000 shares at $1.9898 each, increasing his stake to 1,135,000 shares. The Hansson family remains the largest private shareholder in NAT. Alexander expressed confidence in NAT's future prospects after the recent acquisitions, suggesting a positive outlook for the company and its stock. The recent transactions indicate potential insider confidence, which may positively influence investor sentiment.

Positive

• Alexander Hansson's recent share acquisitions indicate strong insider confidence in NAT's future prospects.
• The Hansson family maintains status as the largest private shareholder, signaling stability and commitment.

Negative

• None.

Thursday, December 9, 2021

 

Dear Shareholders and Investors, 

Alexander Hansson, Board member in Nordic American Tankers Ltd and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 50,000 shares in NAT at $ 1.9898 per share.

Following the purchase of 50,000 shares on Friday November 26, 50,000 shares on Monday 29 and todays transaction of 50,000 shares, Alexander Hansson privately owns 1,135,000 shares in Nordic American Tankers Ltd. 

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

Alexander Hansson commented: “I increase my holding, because I feel good about the NAT prospects”.

 

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.

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 Ltd                                             
Tel: +1 888 755 8391 or +47 91 35 00 91                                 

Herbjørn Hansson, Founder, Chairman & CEO
Nordic American Tankers Ltd
Tel: +1 866 805 9504 

 

FAQ

What recent stock purchases were made by Alexander Hansson of NAT?

Alexander Hansson purchased 50,000 shares of Nordic American Tankers at $1.9898 each, increasing his total holding to 1,135,000 shares.

What is the significance of Alexander Hansson's stock purchases for NAT?

The purchases reflect insider confidence in NAT's prospects, which could positively influence investor sentiment.

How many shares does Alexander Hansson own after his recent purchases?

After the recent purchases, Alexander Hansson privately owns a total of 1,135,000 shares in Nordic American Tankers.