Team Tankers International Ltd. : Distribution of shares to CFO

As previously announced in February 2016 and amended in July 2018, Mr. Kevin Kilcullen, Chief Financial Officer of Team Tankers International Ltd. (the "Company"), has on certain conditions been granted equity awards in the Company as a part of his long-term incentive program.

 

Mr. Kilcullen has today received 135,000 shares (net of taxes paid) (the "Vested Shares").  Mr. Kilcullen has not paid any cash consideration for the Vested Shares. Following the distribution of the Vested Shares, Mr. Kilcullen is the owner of 255,000 shares and he has a right to acquire a further 225,000 shares under the equity award announced in 2016 and amended in 2018. 

 

The Company has issued to date a total of 209,578,173 shares of which 3,739,738 shares are held by the Company as treasury shares.

 

 

The Board of Directors

Team Tankers International Ltd.

Hamilton, Bermuda

 

Questions should be directed to: 

 

Hans Feringa: President and CEO

T: +1 203 221 3420

 

Kevin Kilcullen: CFO

T: +1 203 221 3433