NAT again increases shareholding in NAOCompany News // December 11, 2014
Having recently acquired further shares in Nordic American Offshore (NAO) Ltd, increasing its ownership from 17.1 per cent to 18.0 per cent, North American Tankers (NAT) has announced that, following the weaker stock market environment in the oil sector, it has increased its ownership in NAO to 19.2 per cent.
The recent aggregate NAT purchase of 488,216 shares in NAO amounts to an investment of US$5.8 million. The shares were bought in the open market during the period 28 November 2014 through 9 December 2014 at prices ranging from US$12.89 to US$10.39 per share. NAO has 23,431,370 shares in issue.