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2016-01-20

American Shipping Company ASA : Purchase of treasury shares

20 January 2016 - Reference is made to American Shipping Company ASA's ("ASMC"
or the "Company") stock exchange notice dated 18 January 2016 where AMSC
announced its intent to purchase 30,000 treasury shares in connection with
its incentive scheme for employees. AMSC has today purchased 10,000 shares in
the Company on Oslo Børs at an average price of NOK 22.8825 per share, which
implies a total consideration of NOK 228,825. The purchase of treasury shares
was carried out in accordance with an authorization granted by the Annual
General Meeting of the Company held on April 22, 2015.

Following the purchase, AMSC holds a total of 20,000 treasury shares,
constituting approximately 0.03% of the Company's shares and votes. The
shares will be sold to the Company's CEO, Pål Magnussen.

***

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: American Shipping Company ASA via Globenewswire

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