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LR2 / Aframax
Capital adjustments / Mandatory notification
Press release from Frontline Ltd. 03.04.2001
Holders of Frontline warrants have exercised 18,816 warrants. Frontline has in exchange for proceeds equal to USD 29,936 issued 1,829 shares.
Frontline has acquired 66,000 warrants at a price of NOK 1.662 per warrant.
Total number of outstanding shares after this is 76,920,695, and total number of outstanding warrants is 24,196,948.
3 April, 2001