Golar LNG Limited announced 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 200,000 shares in the Company.
John Fredriksen is Chairman of the Board, President and Director of Golar.
The new expiration of the TRS agreements is September 6th 20011. The exercise price on the agreements is NOK 179.3525 per share.
Following this transaction and upon issuance of Golar shares in lieu of its shares in Golar LNG Energy Limited, World Shipholding’s affiliated ownership in Golar will consist of 36,755,080 shares, representing 46.06 percent of the Company’s issued share capital, and has TRS agreements with exposure to a further 500,000 shares.
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Source: Golar LNG, June 6, 2011;