American Shipping Company ASA: Primary Insider Disclosure
The following primary insiders (or their related parties as described below) have, as part of the company’s incentive program, today committed to acquire shares in American Shipping Company ASA (the "Company" or "AMSC"): * Pål Lothe Magnussen, CEO, has acquired 20,000 shares in AMSC. Upon completion of such acquisition, Pål Lothe Magnussen will own, directly or indirectly, 85,000 shares in the Company, corresponding to 0.14% of the share capital and votes in the Company. * Morten Bakke, CFO, has through his wholly owned company MB Capital AS acquired 30,000 shares in AMSC. Upon