Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
Rhea-AI Summary
Nordic American Tankers (NYSE: NAT) announced that Alexander Hansson, Non-Executive Vice Chairman and son of Founder, Chairman & CEO Herbjorn Hansson, has purchased 100,000 shares of NAT at $3.6241 per share. This acquisition brings Alexander Hansson's private ownership to 3,100,000 shares in the company. The Hansson family continues to be the largest private shareholder group in NAT, demonstrating their confidence in the company's future. This insider buying activity may be seen as a positive signal by investors, potentially indicating management's belief in the company's value and prospects.
Positive
- Insider buying: Non-Executive Vice Chairman purchased 100,000 shares
- Alexander Hansson now owns 3,100,000 shares, showing increased commitment
- Hansson family remains the largest private shareholder group, indicating confidence in the company
Negative
- None.
News Market Reaction – NAT
On the day this news was published, NAT gained 1.38%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tuesday, July 30, 2024
Dear Shareholders and Investors,
Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman & CEO, has today bought 100,000 shares in NAT at
Following these transactions, Monaco based Alexander Hansson privately owns 3,100,000 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:
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 buy on July 30, 2024?
What was the purchase price per share for Alexander Hansson's NAT stock acquisition?
How many NAT shares does Alexander Hansson own after his recent purchase?
What is Alexander Hansson's position at Nordic American Tankers (NAT)?
