SOURCE: Golar LNG

November 09, 2010 03:11 ET

Golar LNG Limited - Insider Transactions

HAMILTON, BERMUDA--(Marketwire - November 9, 2010) -


In connection with Golar LNG Limited's ("Golar" or the "Company") recent stock dividend, World Shipholding Limited, a company affiliated with Golar's Chairman John Fredriksen and Chairman of Golar LNG Energy Limited Mr. Tor Olav Troim, through Drew Investments Limited, have agreed to acquire from the Company, as a block, all shares in respect of which the Company's share holders will receive a cash distribution in lieu of a share distribution. The proceeds received from the sale are thereby equal to the total cash dividend which will be distributed to shareholders who will receive cash dividend.

World Shipholding have acquired 2,633,233 shares and Drew Investments Limited have acquired 500,000 shares. The price has been set at the average price over the five days from the stock distribution date and is NOK 10.46 per share.

November 8, 2010

Golar LNG Energy Limited

Hamilton, Bermuda.


This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


[HUG#1460312]


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Source: Golar LNG via Thomson Reuters ONE

Contact Information

  • Graham Robjohns
    Chief Accounting Officer & Group Financial Controller
    Tel: +44 20 7517 8600