Nordic American Tankers Ltd (NYSE: NAT) – Changes to the Board Composition
28 Março 2022 - 8:01AM
Monday, March 28, 2022
Dear Shareholders and Investors,
In our message of Thursday March 24, 2022, we advised you of our
suggested new board member Ms. Jenny Chu. Please see enclosure for
her CV.
Jenny Chu has extensive experience from US capital markets and
knows Nordic American Tankers for decades.
Most of our ships are built in South Korea and our one million
barrel Suezmaxes regularly call South Korean ports. Jenny Chu, who
is an American citizen, living in Los Angeles, speaks Korean and
her network in South Korea has been very valuable for NAT through
the years.
The experience of Jenny Chu with her knowledge of NAT, capital
markets and Asia is important. She will join our board of directors
now. In parallel Dallas based Doug Penick will be leaving the board
to focus his attention on other business. We thank Doug Penick for
his insight and contribution to the board during his tenure with
NAT. We wish to continue a dialogue with Doug and draw on his
comprehensive experience, in particular from Wall Street.
Following these changes, there are two US citizens on the NAT
board, James Kelly and Jenny Chu, one Norwegian based, Herbjorn
Hansson and Alexander Hansson, the leader of our Monaco operation.
For contacts, please see at the end of this communication.
www.nat.bm
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words “believe,” “anticipate,”
“intend,” “estimate,” “forecast,” “project,” “plan,” “potential,”
“will,” “may,” “should,” “expect,” “pending” and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, our management’s
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Important factors that, in our view, could cause actual results
to differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates
and vessel values, changes in demand in the tanker market, as a
result of changes in OPEC’s petroleum production levels and
worldwide oil consumption and storage, changes in our operating
expenses, including bunker prices, drydocking and insurance costs,
the market for our vessels, availability of financing and
refinancing, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due
to accidents or political events, vessels breakdowns and instances
of off-hires and other important factors described from time to
time in the reports filed by the Company with the Securities and
Exchange Commission, including the prospectus and related
prospectus supplement, our Annual Report on Form 20-F, and our
reports on Form 6-K.
NAT is a Bermuda based company.
Contacts:
Gary J. WolfeSeward & Kissel LLPNew York, USATel: +1 212 574
1223
Bjørn Giæver, CFO
Nordic American
Tankers Ltd
Tel: +1 888 755
8391 or +47 91 35 00 91
Herbjørn Hansson, Founder, Chairman & CEONordic American
Tankers LtdTel: +1 866 805 9504
Nordic American Tankers (NYSE:NAT)
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