Primary insider disclosure
4 April 2017 - MB Capital AS, a company controlled by Morten Bakke,CFO of American Shipping Company ASA ("AMSC" or the "Company"), has today acquired 25,000 shares in AMSC from the Company. The price per share was NOK 22.64, a total consideration of NOK 566,000, which constitutes today's closing price, less a price reduction of 20% to compensate for the lock-up restrictions on the shares for a period of three years.
The acquisition was carried out as part of the incentive scheme for the Company's employees, as announced in a stock exchange notice of 29 March, 2017.
Following the transaction, the Company holds 0 treasury shares and MB Capital AS holds a total of 25,000 shares in AMSC, constituting approximately 0.04% of the Company's shares and votes.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.