Bermuda: World Shipholding Extends TRS Agreements Relating Shares in Golar LNG
Golar LNG Limited said that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 500,000 shares in the Company.
John Fredriksen is Chairman of the Board, President and Director of Golar.
The new expiration of the TRS agreements is May 27th 2013. The exercise price on the agreements is NOK 229.02 per share.
World Shipholding’s affiliated ownership in Golar consists of 36,755,080 shares, representing 45.66 per cent of the Company’s issued share capital, and has TRS agreements with exposure to a further 500,000 shares.
LNG World News Staff, February 26, 2013