Hansson family surpasses 5% ownership in Nordic American Tankers

In a shareholder letter, CEO Herbjorn Hansson said, “I am pleased to disclose that I, as the Founder, Chairman & CEO of NAT, today have bought 200,000 shares at $3.50 per share, bringing my total holding to 5,300,000 shares. Simultaniously, my son, Alexander Hansson, Vice-Chair of NAT has bought 200,000 shares at $3.50 per share, bringing his holding to 5,350,000 shares. Following this transaction, our family collectively owns 10,650,000 shares and has passed the 5% threshold, requiring this mandatory notification to the market. As in the past, the Hansson family is the largest private shareholder group in the company. NAT has paid dividend for 113 consequitive quarters, after becoming stocklisted in 1995. Prospects for our group are good.”