Siem Shipping Inc offers to buy back shares
Siem Shipping Inc offers to buy back shares
The Board of Directors of Siem Shipping Inc. (the "Company") has resolved that the Company should launch an ad-hoc offer to buy-back shares in the Company at a maximum price of NOK 60 per share for a maximum aggregate amount of USD5 million with acceptances of the offer to be in inverse order of size of shareholdings tendered in the offer. The Board of Directors is of the opinion that the repurchase of shares is in the best interest of the Company and its shareholders. A document setting out the terms of the offer will be released on Oslo Stock Exchange and be sent to the shareholders on or about 16 December 2014. The offer will not be made to shareholders who are restricted from selling their shares to the Company due to applicable transfer restrictions.

distributed by