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Frontline Ltd. (“Frontline” or the "Company") (NYSE: FRO – OSE: FRO) announces that it has agreed to acquire in privately negotiated transactions with certain shareholders of Euronav N.V. (NYSE: EURN & Euronext: EURN) (“Euronav”) a total of 7,708,908 shares in Euronav, representing 3.82% of the outstanding shares in Euronav, in exchange for a total of 10,753,924 shares in Frontline, which is equivalent to 1.395 Frontline shares for every one share of Euronav. Settlement is expected to take place
Please find enclosed the presentation of Frontline Ltd.’s first quarter 2022 results to be held on the webcast / conference call 24 May, 2022 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Attachment Presentation Q1 2022
FRONTLINE LTD. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2022 Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2022: Highlights Net income of $31.1 million, or $0.15 per basic and diluted share for the first quarter of 2022.Adjusted net loss of $1.6 million, or $0.01 per basic and diluted share for the first quarter of 2022.Reported total operating revenues of $217.4 million for the first quarter of 2022.Reported spo