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Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares

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Nordic American Tankers (NAT) announced that Non-Executive Vice Chairman Alexander Hansson has purchased 350,000 shares at $2.6471 per share. Following this transaction, his total holdings increased to 3,550,000 shares. The Hansson family now owns a combined 7,805,659 shares, making them the largest private shareholder group in the company.

Nordic American Tankers (NAT) ha annunciato che il Vice Presidente non esecutivo Alexander Hansson ha acquistato 350.000 azioni a 2,6471 dollari per azione. Dopo questa transazione, le sue partecipazioni totali sono aumentate a 3.550.000 azioni. La famiglia Hansson possiede ora un totale di 7.805.659 azioni, rendendoli il gruppo di azionisti privati più grande dell'azienda.

Nordic American Tankers (NAT) anunció que el Vicepresidente no ejecutivo Alexander Hansson ha comprado 350,000 acciones a $2.6471 por acción. Tras esta transacción, sus tenencias totales aumentaron a 3,550,000 acciones. La familia Hansson ahora posee un total de 7,805,659 acciones, convirtiéndose en el grupo de accionistas privados más grande de la compañía.

노르딕 아메리칸 탱커스(NAT)는 비상임 부의장 알렉산더 한손350,000주를 주당 $2.6471에 구매했다고 발표했습니다. 이 거래 후 그의 총 보유 주식은 3,550,000주로 증가했습니다. 한손 가족은 이제 총 7,805,659주를 보유하고 있어 회사에서 가장 큰 사적 주주 그룹이 되었습니다.

Nordic American Tankers (NAT) a annoncé que le vice-président non-exécutif Alexander Hansson a acheté 350 000 actions à 2,6471 $ par action. À la suite de cette transaction, ses avoirs totaux ont augmenté à 3 550 000 actions. La famille Hansson possède désormais un total de 7 805 659 actions, les plaçant comme le plus grand groupe d'actionnaires privés de l'entreprise.

Nordic American Tankers (NAT) gab bekannt, dass der nicht-executive Vizevorsitzende Alexander Hansson 350.000 Aktien zum Preis von 2,6471 $ pro Aktie gekauft hat. Nach dieser Transaktion erhöhten sich seine Gesamtbestände auf 3.550.000 Aktien. Die Familie Hansson besitzt jetzt insgesamt 7.805.659 Aktien, was sie zur größten privaten Aktionärsgruppe des Unternehmens macht.

Positive
  • Insider buying of 350,000 shares demonstrates management confidence
  • Increased insider ownership strengthens alignment with shareholder interests
  • Hansson family's position as largest private shareholder group shows strong commitment to company
Negative
  • None.

Insights

This insider purchase of $926,485 worth of shares by NAT's Vice Chairman signals strong confidence in the company's future. The Hansson family increasing their already substantial position to 7.8 million shares is particularly noteworthy given their deep industry knowledge and intimate understanding of NAT's operations. Insider buying at these price levels suggests management views the stock as undervalued relative to the company's prospects in the current strong tanker market environment. The timing aligns with favorable industry fundamentals, including elevated rates for Suezmax tankers and growing global oil transportation demand.

 

Monday, December 2, 2024

 

Dear Shareholders and Investors,

 

Non-Executive Vice Chairman of NAT, Alexander Hansson, has today bought 350,000 shares at $2.6471 per share. He is now holding 3,550,000 shares.

Following this transaction the Hansson family owns an aggregate of 7,805,659 shares – being 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:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    


 


FAQ

How many NAT shares did Alexander Hansson purchase on December 2, 2024?

Alexander Hansson purchased 350,000 shares at $2.6471 per share on December 2, 2024.

What is Alexander Hansson's total shareholding in NAT after the recent purchase?

After the purchase, Alexander Hansson holds 3,550,000 shares in Nordic American Tankers.

How many NAT shares does the Hansson family own in total?

The Hansson family owns a total of 7,805,659 shares in Nordic American Tankers.

What is the significance of the Hansson family's shareholding in NAT?

The Hansson family is the largest private shareholder group in Nordic American Tankers.

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