In connection with Golar LNG Limited’s recent stock dividend, World Shipholding Limited, a company affiliated with Golar’s Chairman John Fredriksen and Chairman of Golar LNG Energy Limited Mr. Tor Olav Troim, through Drew Investments Limited, have agreed to acquire from the Company, as a block, all shares in respect of which the Company’s share holders will receive a cash distribution in lieu of a share distribution.
The proceeds received from the sale are thereby equal to the total cash dividend which will be distributed to shareholders who will receive cash dividend.
World Shipholding have acquired 2,633,233 shares and Drew Investments Limited have acquired 500,000 shares.
The price has been set at the average price over the five days from the stock distribution date and is NOK 10.46 per share.
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Source: Golar LNG, November 9, 2010