Disclosure of large shareholding and mandatory notification of trade in Saga Tankers ASA - share buyback
Reference is made to the Extraordinary General Meeting
of 11 February 2016 (see notice and minutes of same
day) where the general meeting unanimously authorized
the board of directors to purchase up to 28 673 611
(10% of outstanding shares) own shares in the period
until the annual general meeting in 2017.
Saga Tankers ASA has on 6 December purchased 12 946
420 own shares on the open market at NOK 2.60 per
share. After the transaction Saga Tankers ASA owns a
total of 19 946 420 own shares, representing 7 % of
the outstanding share capital.