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    NAT increases shareholding in NAO

    Company News // December 2, 2014

    Nordic American Tankers Limited has acquired 198,624 shares in Nordic American Offshore (NAO) Ltd, increasing NAT's shareholding in NAO from 4,008,764 to 4,207,388 shares or from 17.1 per cent to 18 per cent ownership.

    The shares were bought in the open market on 28 November 2014 at an average price of US$12.89 per share. NAO has 23,431,370 shares in issue.

    Nordic American Offshore is a separate and independent company of NAT. A subsidiary of NAT is the business manager of NAO.

    NAO was listed on the New York Stock Exchange 12 June 2014 and owns 10 platform supply vessels of which four are newbuildings to be delivered in 2015.

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