UNITED STATES
SECURITIS CHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August , 2001
Frontline Ltd.
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(Translation of registrant's name into English)
Mercury House, 101 Front Street, Hamilton, HM 12, Bermuda
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_______
Item 1. INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached as Exhibit 1 is a copy of the press release of Frontline
Ltd. (the "Company"), dated July 2, 2001.
Attached as Exhibit 2 is a copy of a notification to the Oslo
Stock Exchange by the Company dated July 3, 2001.
Attached as Exhibit 3 is a copy of the press release of the
Company dated July 12, 2001.
Attached as Exhibit 4 is a copy of the press release of the
Company dated July 13, 2001.
Attached as Exhibit 5 is a copy of the press release of the
Company dated July 16, 2001.
Attached as Exhibit 6 is a copy of the press release of the
Company dated July 18, 2001.
Attached as Exhibit 7 is a copy of the press release of the
Company dated July 20, 2001.
Attached as Exhibit 8 is a copy of the press release of the
Company dated July 27, 2001.
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EXHIBIT 1
FRO - Capital adjustments
Frontline has through market purchases executed 2 July 2001
bought back 125,000 of the Company's common shares. The shares
have been bought back at a price of NOK 164.09.
Total number of outstanding shares after this is 76,787,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,532,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
2 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00
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EXHIBIT 2
Subject - Insider Transaction
On behalf of Tor Olav Troim, Director of Frontline Ltd., we
confirm the following transaction:
Tor Olav Troim has on 2 July 2001 acquired a future for 10,000
Frontline common shares at NOK 174.80 per share, due date 15
November 2001. In addition to the mentioned future Mr. Troim owns
74,895 common shares.
4
EXHIBIT 3
FRO - Capital adjustments
Frontline has through market purchases executed 12 July 2001
bought back 60,000 of the Company's common shares. The shares
have been bought back at a price of NOK 170.71.
Total number of outstanding shares after this is 76,727,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,592,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
12 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00
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EXHIBIT 4
FRO - Capital adjustments
Frontline has through market purchases executed 13 July 2001
bought back 75,000 of the Company's common shares. The shares
have been bought back at a price of NOK 170.00.
Total number of outstanding shares after this is 76,652,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,667,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
13 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00
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EXHIBIT 5
FOR IMMEDIATE RELEASE
FRONTLINE LTD. ANNOUNCES APPROVAL FOR LISTING BY NEW YORK
STOCK EXCHANGE AND FILING OF REGISTRATION STATEMENT
Hamilton, Bermuda, July 16, 2001. - Frontline Ltd. (Nasdaq NM :
FRONY; LSE : FRO; OSE : FRO) announced today that it has been
approved to list its ordinary shares on the New York Stock
Exchange under the ticker symbol "FRO". Trading is expected to
begin on August 6, 2001. Frontline is terminating its ADR
program and expects to delist its ADRs, which trade on a 1:1
radio with its ordinary shares, from the Nasdaq National Market
concurrently with the commencement of trading of Frontline's
ordinary shares on the New York Stock Exchange. John Fredriksen,
Chairman of Frontline, stated, "The approval of our ordinary
shares for listing on the New York Stock Exchange will be a
significant step towards enhancing the liquidity of the trading
market for our shareholders. We look forward to joining other
mature, successful companies on the New York Stock Exchange."
Separately, Frontline also announced that it has filed a shelf
registration statement with the U.S. Securities and Exchange
Commission which covers potential offerings by Frontline of debt,
equity and convertible securities up to a total dollar amount of
$500 million. The registration statement also covers potential
disposals of Frontline ordinary shares through sales, or
conversions into non-cash consideration by two companies
indirectly controlled by Mr. Fredriksen.
The shelf registration statement will give Frontline increased
flexibility to utilize different financing alternatives to fund
continued growth and to serve as a basis for future corporate
developments, including further consolidation of the tanker
market. Frontline's Board expects to consider these alternatives
opportunistically, and intends in this respect to pay special
attention to the implicit valuation of the Company's equity and
the consequences for its equity holders of any of the financing
alternatives.
The Company has no specific plans to issue and Mr. Fredriksen has
no specific plans to sell, any of the securities covered by the
shelf registration statement.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
Frontline securities in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful.
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Contact persons:
Tor Olav Troim, Tel: (011) 47 23 11 4000
Kate Blankenship, Tel. (441) 295 6935
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FORWARD LOOKING STATEMENTS
This press release contains forward looking statements. These
statements are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including Frontline
management's examination of historical operating trends.
Although Frontline believes that these assumptions were
reasonable when made, because assumptions are inherently subject
to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond its control,
Frontline cannot give assurance that it will achieve or
accomplish these expectations, beliefs or intentions.
Important factors that, in the Company's view, could cause actual
results to differ materially from those discussed in this press
release include the strength of world economies and currencies,
general market conditions, including fluctuations in charterhire
rates and vessel values, changes in demand in the tanker market,
as a result of changes in OPEC's petroleum production levels and
world wide oil consumption and storage, changes in the Company's
operating expenses, including bunker prices, drydocking and
insurance costs, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors
described from time to time in the reports filed by the Company
with the United States Securities and Exchange Commission.
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EXHIBIT 6
FRO - Capital adjustments
Frontline has through market purchases executed 18 July 2001
bought back 75,000 of the Company's common shares. The shares
have been bought back at a price of NOK 148.58.
Total number of outstanding shares after this is 76,577,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,742,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
18 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00
10
EXHIBIT 7
FRO - Capital adjustments
Frontline has through market purchases executed 20 July 2001
bought back 25,000 of the Company's common shares. The shares
have been bought back at a price of NOK 146.70.
Total number of outstanding shares after this is 76,522,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,767,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
20 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00
11
EXHIBIT 8
FRO - Capital adjustments
Frontline has through market purchases executed 27 July 2001
bought back 25,000 of the Company's common shares. The shares
have been bought back at a price of NOK 137.69.
Total number of outstanding shares after this is 76,477,566. The
shares acquired are done so in accordance with a Board
authorization to buy back shares. Including the mentioned
transaction 3,842,145 shares has been acquired within a total of
7,500,000 authorized.
Hamilton, Bermuda
27 July 2001
Contact persons: Kate Blankenship, +1 441 295 6935
Tor Olav Troim, +47 23 11 40 00
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorised.
Frontline Ltd.
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(Registrant)
Date August 1, 2001 By /s/ Kate Blankenship
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Kate Blankenship
Secretary
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02089009.AG0