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BERMUDA - Alexander Hansson, Non-Executive Vice Chairman and Board member of Nordic American Tankers (NYSE:NAT), purchased 100,000 shares at $3.27 per share on Monday, according to a company press release. The purchase comes as NAT shares have gained over 41% year-to-date, trading near their 52-week high of $3.83.
Following this transaction, Hansson now holds 5,150,000 shares in the company. The purchase strengthens the Hansson family’s position as the largest private shareholder group in Nordic American Tankers, with their combined holdings now totaling 10,100,000 shares.
Alexander Hansson is the son of Herbjørn Hansson, the Founder, Chairman and CEO of Nordic American Tankers.
The transaction represents an investment of approximately $327,000 based on the reported purchase price.
Nordic American Tankers operates a fleet of Suezmax crude oil tankers. The company is headquartered in Bermuda and trades on the New York Stock Exchange.
The share purchase information was disclosed as part of the company’s regular communications with shareholders and investors.
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