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 March , 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 March 14, 2001.
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EXHIBIT I
FRO - FRONTLINE LTD. ANNOUNCES INTENTION TO LIST ON NEW YORK
STOCK EXCHANGE
Frontline Ltd. (Nasdaq: FRONY) announced today that it intends
to apply for listing of its ordinary shares on the New York Stock
Exchange.
Mr. John Fredriksen, Chairman and Chief Executive Officer of
Frontline, said: "Moving to the NYSE will be an important
milestone for Frontline. We are very excited about the
possibility of an NYSE listing and look forward to our first day
of trading there. We feel that an NYSE listing will enhance
Frontline's presence in the US capital markets and we expect this
to improve the liquidity of our shares in the US market. We
expect to begin the formal application process shortly."
Frontline's ordinary shares are currently listed in the form of
American Depository Receipts, or ADRs, on the Nasdaq National
Market under the ticker symbol "FRONY." Concurrently with an
NYSE listing, Frontline's ADRs would no longer be traded on the
Nasdaq National Market. "Frontline wishes to thank Nasdaq and
the Nasdaq National Market for their support and service during
the approximately seven years our ADRs have been listed there,"
said Mr. Fredriksen. In accordance with the agreement governing
Frontline's ADRs, Frontline is separately providing a formal 90-
day written notice terminating its ADR program. As a result of
this 90-day notice requirement, Frontline expects that its new
listing on the NYSE will not take place until approximately the
middle of June.
Frontline's ordinary shares are also listed on the Oslo Stock
Exchange under the symbol FRO and the London Stock Exchange under
the symbol FRO. Those listings are not affected by this
announcement.
Frontline Ltd. is a major, Bermuda based, tanker company. Its
fleet, which is one of the most modern in the world, consists of
28 Suezmax tankers (of which 8 are Combination Carriers), 32
VLCCs (Very Large Crude Carriers) and 10 dry bulk carriers.
Through the corporate transactions undertaken over the last five
years, Frontline has emerged as the leading tanker company within
the Suezmax and VLCC segments.
March 14, 2001
Hamilton, Bermuda
* * *
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Information contained in this press release, other than
historical information, may be considered forward-looking in
nature and is subject to various risks, uncertainties and
assumptions. Those forward looking statements reflect
management's plans and intentions based on current conditions.
Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results
may vary materially from those planned, anticipated or expected.
Key factors that may have a direct bearing on future results
include those discussed in Frontline's periodic reports and other
information filed with the Securities and Exchange Commission.
Questions should be directed to:
Tor Olav Troim: Director
+47 23 11 40 00
Ola Lorentzon, Managing Director, Frontline Management AS
+47 23 11 40 00
Tom E. Jebsen, CFO, Frontline Management AS
+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 March 14, 2001 By /s/ Kate Blankenship
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Kate Blankenship
Secretary
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02089009.AD8