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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 (NYSE: NAT) announced that Alexander Hansson, Non-Executive Vice Chairman and son of Founder, Chairman & CEO Herbjorn Hansson, has purchased 50,000 shares of NAT at $3.4851 per share. This acquisition brings Alexander Hansson's private ownership to 3,200,000 shares in the company.

The press release highlights that the Hansson family continues to be the largest private shareholder group in NAT. This insider buying activity demonstrates confidence in the company's future prospects and aligns management interests with those of shareholders.

Nordic American Tankers (NYSE: NAT) ha annunciato che Alexander Hansson, Vice Presidente Non Esecutivo e figlio del Fondatore, Presidente e CEO Herbjorn Hansson, ha acquistato 50.000 azioni di NAT a 3,4851 $ per azione. Questa acquisizione porta la proprietà privata di Alexander Hansson a 3.200.000 azioni dell'azienda.

Il comunicato stampa sottolinea che la famiglia Hansson continua a essere il più grande gruppo di azionisti privati di NAT. Questa attività di acquisto da parte degli insider dimostra fiducia nelle prospettive future dell'azienda e allinea gli interessi della direzione con quelli degli azionisti.

Nordic American Tankers (NYSE: NAT) anunció que Alexander Hansson, Vicepresidente No Ejecutivo e hijo del Fundador, Presidente y CEO Herbjorn Hansson, ha comprado 50,000 acciones de NAT a 3.4851 $ por acción. Esta adquisición eleva la propiedad privada de Alexander Hansson a 3,200,000 acciones en la compañía.

El comunicado de prensa destaca que la familia Hansson sigue siendo el mayor grupo de accionistas privados en NAT. Esta actividad de compra por parte de insiders demuestra confianza en las perspectivas futuras de la compañía y alinea los intereses de la dirección con los de los accionistas.

노르딕 아메리칸 탱커스(NYSE: NAT)는 알렉산더 한손(Alexander Hansson) 비상임 부회장이자 창립자 겸 CEO인 헐뷘 한손(Herbjorn Hansson)의 아들이 1주당 3.4851 달러에 NAT의 주식 50,000주를 구매했다고 발표했습니다. 이 인수로 알렉산더 한손의 개인 소유는 3,200,000주로 증가했습니다.

보도자료는 한손 가족이 NAT의 가장 큰 개인 주주 그룹임을 계속해서 강조하고 있습니다. 이번 내부자 구매 활동은 회사의 미래 전망에 대한 신뢰를 보여주며 경영진의 이익을 주주들의 이익과 일치시킵니다.

Nordic American Tankers (NYSE: NAT) a annoncé qu'Alexander Hansson, Vice-Président non exécutif et fils du fondateur, Président et CEO Herbjorn Hansson, a acheté 50 000 actions de NAT à 3,4851 $ par action. Cette acquisition porte la propriété privée d'Alexander Hansson à 3 200 000 actions dans l'entreprise.

Le communiqué de presse souligne que la famille Hansson reste le plus grand groupe d'actionnaires privés de NAT. Cette activité d'achat par des initiés démontre une confiance dans les perspectives futures de l'entreprise et aligne les intérêts de la direction avec ceux des actionnaires.

Nordic American Tankers (NYSE: NAT) gab bekannt, dass Alexander Hansson, nicht-executive Vize-Vorsitzender und Sohn des Gründers sowie CEO Herbjorn Hansson, 50.000 Aktien von NAT zu einem Preis von 3,4851 $ pro Aktie gekauft hat. Durch diese Akquisition erhöht sich Alexanders private Beteiligung auf 3.200.000 Aktien des Unternehmens.

Die Pressemitteilung hebt hervor, dass die Familie Hansson weiterhin die größte private Aktionärsgruppe bei NAT ist. Diese Insider-Kaufaktivität zeigt Vertrauen in die zukünftigen Perspektiven des Unternehmens und bringt die Interessen des Managements mit denen der Aktionäre in Einklang.

Positive
  • Insider buying: Non-Executive Vice Chairman purchased 50,000 shares
  • Increased insider ownership: Alexander Hansson now owns 3,200,000 shares
  • Management confidence: Hansson family remains largest private shareholder group
Negative
  • None.

Insights

The purchase of 50,000 shares by Alexander Hansson, Non-Executive Vice Chairman of NAT, is a positive signal but not a major market-moving event. While insider buying can indicate confidence in the company's prospects, the relatively small transaction size ($174,255) compared to NAT's $736 million market cap limits its impact.

The Hansson family's position as the largest private shareholder group adds context to this purchase. It reinforces their commitment to the company but doesn't necessarily provide new information to the market. For investors, this insider activity might be seen as a vote of confidence in NAT's current valuation and future outlook.

However, it's important to note that insider transactions alone should not be the basis for investment decisions. Investors should consider broader factors such as industry trends, NAT's financial performance and overall market conditions when evaluating the stock.

 

Tuesday, October 22, 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 50,000 shares in NAT at $3.4851 per share.

Following these transactions, Monaco based Alexander Hansson privately owns 3,200,000 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 shares of NAT did Alexander Hansson purchase on October 22, 2024?

Alexander Hansson purchased 50,000 shares of Nordic American Tankers (NYSE: NAT) on October 22, 2024.

What is the current share ownership of Alexander Hansson in NAT after the recent purchase?

After the recent purchase, Alexander Hansson privately owns 3,200,000 shares in Nordic American Tankers (NYSE: NAT).

At what price did Alexander Hansson buy the NAT shares on October 22, 2024?

Alexander Hansson bought the NAT shares at $3.4851 per share on October 22, 2024.

What is Alexander Hansson's position in Nordic American Tankers (NAT)?

Alexander Hansson is the Non-Executive Vice Chairman of Nordic American Tankers (NYSE: NAT).

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