Golar LNG Limited advises 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 300,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Director of Golar.
The new expiration of the TRS agreements is November 24th 2011. The exercise price on the agreements is NOK 166.78 per share.
World Shipholding’s affiliated ownership in Golar consists of 36,755,080 shares, representing 45.90 percent of the Company’s issued share capital, and has TRS agreements with exposure to a further 500,000 shares.
[mappress] Source: Golar LNG, August 25, 2011;