AMSC ASA: Buyback of own shares and share sale arrangement as part of incentive scheme for employees
On 25 April 2023, the Annual General Meeting of American Shipping Company ASA (“AMSC” or the “Company”) granted the Board of Directors of AMSC an authorization to purchase treasury shares in connection with the Company’s incentive scheme for employees. In accordance with this authorization, the Company will today place an order with an investment broker for purchase of 150,000 treasury shares, with execution from 13 December and onwards. 100,000 shares will be sold to Pål Magnussen, CEO of AMSC, and 50,000 shares will be sold to MB Capital AS, a company controlled by Morten Bakke, CFO of