UNITED STATES
SECURITIES AND EXCHANGE 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 October , 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
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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
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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 September 24, 2001.
Attached as Exhibit 2 is a copy of the press release of the
Company dated September 25, 2001.
Attached as Exhibit 3 is a copy of the press release of the
Company dated September 27, 2001.
Attached as Exhibit 4 is a copy of the press release of the
Company dated October 3, 2001.
Attached as Exhibit 5 is a copy of the press release of the
Company dated October 8, 2001.
Attached as Exhibit 6 is a copy of the press release of the
Company dated October 10, 2001.
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Exhibit 1
FRO - AGREEMENT / MANDATORY NOTIFICATION
Frontline Ltd. (FRO: NYSE, OSE, LSE) has today established a
facility with The Bank of Nova Scotia Group ("Scotia"). The
facility is termed a Stock Indexed Total Return Swap Programme,
more commonly known as an Equity Swap Line.
The Programme secures that Scotia may acquire up to 3,500,000
Frontline shares over the next 12 months. Financially the
Programme is structured so that Scotia has a right to put the
shares to Frontline at cost, and Scotia will also receive
compensation equal to carrying cost plus a margin. Frontline will
be exposed to fluctuations in its share price, and will have a
right to call the shares at any point in time at cost. The
carrying cost including the margin will initially be four per
cent per annum.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, the shares
to be acquired will be considered acquired within the current
Board authorization to buy back up to 7,500,000 shares (announced
on 9 May, 2001). Until establishment of the Equity Swap Line
3,927,145 shares have been acquired within the total authorized.
Frontline has based on the above been notified by Scotia that the
latter through market purchases executed today has acquired
150,000 Frontline common shares. The shares have been acquired at
an average price of NOK 81.86.
Based on the above, the number of shares outstanding in the
Company is the same as before the mentioned transaction,
76,392,566.
Hamilton, Bermuda
24 September, 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +47 90 747 997
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Exhibit 2
FRO - MANDATORY NOTIFICATION OF TRADE
Frontline has, based on the Stock Indexed Total Return Swap
Programme with Novia Scotia Group (Scotia), been informed that
the latter through market purchases executed today has acquired
51,400 Frontline common shares. The shares have been acquired at
an average price of NOK 84.91.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, these
shares will be considered acquired within the current Board
authorization to buy back up to 7,500,000 shares (announced on 9
May, 2001). Based on the above, 4,128,545 shares have been
acquired within the total authorized, out of which the swap
program consists of 201,400 at an average purchase price of NOK
82.64.
Hamilton, Bermuda
25 September, 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +47 90 747 997
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Exhibit 3
FRO - MANDATORY NOTIFICATION OF TRADE
Frontline has, based on the Stock Indexed Total Return Swap
Programme with Novia Scotia Group (Scotia), been informed that
the latter through market purchases executed today has acquired
100,000 Frontline common shares. The shares have been acquired at
an average price of NOK 82.55.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, these
shares will be considered acquired within the current Board
authorization to buy back up to 7,500,000 shares (announced on 9
May, 2001). Based on the above, 4,228,545 shares have been
acquired within the total authorized, out of which the swap
program consists of 301,400 at an average purchase price of NOK
82.61.
Hamilton, Bermuda
27 September, 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +47 23 11 40 00
5
Exhibit 4
FRO - MANDATORY NOTIFICATION OF TRADE
Frontline has, based on the Stock Indexed Total Return Swap
Programme with Nova Scotia Group (Scotia), been informed that the
latter through market purchases executed today has acquired
100,000 Frontline common shares. The shares have been acquired at
an average price of NOK 74.51.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, these
shares will be considered acquired within the current Board
authorization to buy back up to 7,500,000 shares (announced on 9
May, 2001). Based on the above, 4,328,545 shares have been
acquired within the total authorized, out of which the swap
program consists of 401,400 at an average purchase price of NOK
80.59.
Hamilton, Bermuda
3 October, 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +47 23 11 40 00
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Exhibit 5
FRO - MANDATORY NOTIFICATION OF TRADE
Frontline has, based on the Stock Indexed Total Return Swap
Programme with Nova Scotia Group (Scotia), been informed that the
latter through market purchases executed today has acquired
100,000 Frontline common shares. The shares have been acquired at
an average price of NOK 75.68.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, these
shares will be considered acquired within the current Board
authorization to buy back up to 7,500,000 shares (announced on 9
May, 2001). Based on the above, 4,428,545 shares have been
acquired within the total authorized, out of which the swap
program consists of 501,400 at an average purchase price of NOK
79.61.
Hamilton, Bermuda
8 October, 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +47 23 11 40 00
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Exhibit 6
FRO - MANDATORY NOTIFICATION OF TRADE
Frontline has, based on the Stock Indexed Total Return Swap
Programme with Nova Scotia Group (Scotia), been informed that the
latter through market purchases executed today has acquired
50,000 Frontline common shares. The shares have been acquired at
an average price of NOK 74.10.
Since the shares are owned by Scotia the shares will not be
subject to immediate cancellation, which has been the case for
regular buy backs carried out by the Company. However, these
shares will be considered acquired within the current Board
authorization to buy back up to 7,500,000 shares (announced on 9
May, 2001). Based on the above, 4,478,545 shares have been
acquired within the total authorized, out of which the swap
program consists of 551,400 at an average purchase price of NOK
79.11.
Hamilton, Bermuda
10 October 2001
Contact persons:
Kate Blankenship, +1 441 295 69 35
Tom E. Jebsen, +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 October 11, 2001 By /s/ Kate Blankenship
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Kate Blankenship
Secretary
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02089009.AG9