d892042_6-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES
EXCHANGE ACT OF 1934
For the
month of: June 2008
Commission
File Number: 001-16601
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Frontline
Ltd.
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(Translation
of registrant’s name into English)
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Par-la-Ville
Place, 14 Par-la-Ville Road, Hamilton, HM 08, Bermuda
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(Address
of principal executive office)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[X] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ___
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-______________.
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 June 11, 2008, announcing that the former Chief Executive Officer of
Frontline Management AS, Bjørn Sjaastad, has exercised options to acquire a
total of 33,333 shares in the Company.
Exhibit
1
FRO
- Capital adjustments
The Board
of Frontline Ltd. (the “Company” or “Frontline”) announces that the former CEO
of Frontline Management AS, Bjørn Sjaastad, has exercised options to acquire a
total of 33,333 shares in Frontline in accordance with the terms previously
disclosed to the market. The total number of shares outstanding in Frontline
following this is 74,858,502.
Mr.
Sjaastad has no remaining option rights in Frontline following this
exercise.
June 11,
2008
Frontline
Ltd.
Hamilton,
Bermuda
Questions
should be directed to:
Inger M.
Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 00
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 charter hire
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.
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 authorized.
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FRONTLINE
LTD.
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(registrant)
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Dated:
June 12, 2008
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By:
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/s/ Inger
M. Klemp
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Inger
M. Klemp
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Principal
Financial Officer
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SK 02089 0009
892042