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SC 13D/A Filing
Frontline (FRO) SC 13D/AFrontline LTD /
Filed: 19 Jun 19, 4:09pm
Frontline Ltd. |
(Name of Issuer) |
Ordinary Shares, par value $1.00 per share |
(Title of Class of Securities) |
G3682E192 |
(CUSIP Number) |
Hemen Holding Limited c/o Seatankers Management Co. Ltd P.O. Box 53562 CY-3399 Limassol Cyprus Attn: Spyros Episkopou +1 (357) 25-858-300 with a copy to: |
Keith J. Billotti, Esq. Gary J. Wolfe, Esq. Seward & Kissel LLP One Battery Park Plaza New York, New York 10004 (212) 574-1200 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
June 6, 2019 |
(Date of Event Which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [_]. |
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
CUSIP No. | G3682E192 |
1. | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
Hemen Holding Limited | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |
(a) [X] | ||
(b) [_] | ||
3. | SEC USE ONLY | |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
Cyprus | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
5. | SOLE VOTING POWER | |
0 | ||
6. | SHARED VOTING POWER | |
79,145,703 | ||
7. | SOLE DISPOSITIVE POWER | |
0 | ||
8. | SHARED DISPOSITIVE POWER | |
79,145,703 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
79,145,703 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | |
[_] | ||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
46.5% | ||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
CUSIP No. | G3682E192 |
1. | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
Greenwich Holdings Limited* | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |
(a) [X] | ||
(b) [_] | ||
3. | SEC USE ONLY | |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
Cyprus | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
5. | SOLE VOTING POWER | |
0 | ||
6. | SHARED VOTING POWER | |
79,145,703 | ||
7. | SOLE DISPOSITIVE POWER | |
0 | ||
8. | SHARED DISPOSITIVE POWER | |
79,145,703 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
79,145,703 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | |
[_] | ||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
46.5% | ||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
CUSIP No. | G3682E192 |
1. | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
C.K. Limited* | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |
(a) [X] | ||
(b) [_] | ||
3. | SEC USE ONLY | |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
Jersey | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
5. | SOLE VOTING POWER | |
0 | ||
6. | SHARED VOTING POWER | |
79,145,703 | ||
7. | SOLE DISPOSITIVE POWER | |
0 | ||
8. | SHARED DISPOSITIVE POWER | |
79,145,703 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
79,145,703 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | |
[_] | ||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
46.5% | ||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
CUSIP No. | G3682E192 |
1. | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
John Fredriksen* | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |
(a) [X] | ||
(b) [_] | ||
3. | SEC USE ONLY | |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
Cyprus | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
5. | SOLE VOTING POWER | |
0 | ||
6. | SHARED VOTING POWER | |
79,145,703 | ||
7. | SOLE DISPOSITIVE POWER | |
0 | ||
8. | SHARED DISPOSITIVE POWER | |
79,145,703 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
79,145,703 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | |
[_] | ||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
46.5% | ||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN |
CUSIP No. | G3682E192 |
(a),(f) | The persons filing this statement are the Reporting Persons (as defined above). |
(b) | The address of the principal place of business of Hemen Holding and Greenwich is P.O. Box 53562, CY3399, Limassol, Cyprus. |
The address of the principal place of business of C.K. Limited is IFC 5, St. Helier, Jersey JE1 1SR. | |
The address of Mr. Fredriksen is c/o Seatankers Consultancy Services (UK) Limited, 15 Sloane Square, London SW1W 8ER, United Kingdom. | |
(c) | The principal business of Hemen Holding and Greenwich is acting as investment holding companies. Hemen Holding is the largest shareholder in Frontline, beneficially owning approximately 46.5% of Frontline's issued and outstanding shares. Greenwich is the sole shareholder of Hemen Holding. The principal business of C.K. Limited is acting as trustees of various trusts established by John Fredriksen for the benefit of his immediate family members. C.K. Limited serves as the trustee for the Trusts that are the sole shareholder of Greenwich and indirect owner of Hemen Holding. As a result of the foregoing, the total Ordinary Shares reported as beneficially owned by each of Hemen Holding, Greenwich and C.K. Limited is reported as beneficially owned by Mr. Fredriksen. |
Name | Position of Officer or Director | Principal Occupation or Employment, Principal Business Address and Citizenship | ||
Spyros Episkopou | Director | Mr. Episkopou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Mr. Episkopou is a citizen of Cyprus. | ||
Kyriacos Kazamias | Director | Mr. Kazamias' principal business address is Georgiou Drosini 6, Potamos Germasogeias, 4043 Limassol, Cyprus. Mr. Kazamias is a citizen of Cyprus. | ||
Eirini Santhi Theocharous | Director | Mrs. Theocharous' principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Mrs. Theocharous is a citizen of Cyprus. |
Name | Position of Officer or Director | Principal Occupation or Employment, Principal Business Address and Citizenship | ||
Christophis Koufaris | Director | Mr. Koufaris' principal business address is Iris House 840A, 8 John Kennedy Street, P.O. Box 53510, 3303 Limassol, Cyprus. Mr. Koufaris is a citizen of Cyprus. | ||
Spyros Episkopou | Director | Mr. Episkopou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Mr. Episkopou is a citizen of Cyprus. | ||
Eirini Santhi Theocharous | Director | Mrs. Theocharous' principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Mrs. Theocharous is a citizen of Cyprus. | ||
Kyriacos Kazamias | Director | Mr. Kazamias' principal business address is Georgiou Drosini 6, Potamos Germasogeias, 4043 Limassol, Cyprus. Mr. Kazamias is a citizen of Cyprus. |
Name | Position of Officer or Director | Principal Occupation or Employment, Principal Business Address and Citizenship | ||
Spyros Episkopou | Director | Mr. Episkopou's principal business address is Deana Beach Apartments, Block 1, 4th Floor, 33 Promachon Eleftherias Street, Ayios Athanasios, 4103 Limassol, Cyprus. Mr. Episkopou is a citizen of Cyprus. | ||
Philip James Jackman Le Vesconte | Director | Mr. Le Vesconte's principal business address is IFC 5, St. Helier, Jersey, JE1 1ST. Mr. Le Vesconte is a citizen of Jersey. | ||
Lewis James Glyn Williams | Director | Mr. Williams principal business address is IFC 5, St. Helier, Jersey, JE1 1ST. Mr. Williams is a citizen of Jersey. | ||
(d), (e) | None of the Reporting Persons nor any executive officer or director of the Reporting Persons listed above, has, during the past five years, (a) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting, or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
Item 3. | Source and Amount of Funds or Other Consideration |
Item 4. | Purpose of the Transaction |
Item 5. | Interest in Securities of the Issuer |
Hemen Holding | |
a) Amount beneficially owned: 79,145,703 | Percentage: 46.5% |
b) Number of shares to which the Reporting Person has: | |
i. Sole power to vote or to direct the vote: -0- | |
ii. Shared power to vote or to direct the vote: 79,145,703 | |
iii. Sole power to dispose or to direct the disposition of: -0- | |
iv. Shared power to dispose or to direct the disposition of: 79,145,703 | |
Greenwich | |
a) Amount beneficially owned: 79,145,703 | Percentage: 46.5% |
b) Number of shares to which the Reporting Person has: | |
i. Sole power to vote or to direct the vote: -0- | |
ii. Shared power to vote or to direct the vote: 79,145,703 | |
iii. Sole power to dispose or to direct the disposition of: -0- | |
iv. Shared power to dispose or to direct the disposition of: 79,145,703 | |
C.K. Limited | |
a) Amount beneficially owned: 79,145,703 | Percentage: 46.5% |
b) Number of shares to which the Reporting Person has: | |
i. Sole power to vote or to direct the vote: -0- | |
ii. Shared power to vote or to direct the vote: 79,145,703 | |
iii. Sole power to dispose or to direct the disposition of: -0- | |
iv. Shared power to dispose or to direct the disposition of: 79,145,703 |
John Fredriksen** | |
a) Amount beneficially owned: 79,145,703 | Percentage: 46.5% |
b) Number of shares to which the Reporting Person has: | |
i. Sole power to vote or to direct the vote: -0- | |
ii. Shared power to vote or to direct the vote: 79,145,703 | |
iii. Sole power to dispose or to direct the disposition of: -0- | |
iv. Shared power to dispose or to direct the disposition of: 79,145,703 |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
Item 7. | Materials to be Filed as Exhibits |
Exhibit A: | Joint Filing Agreement |
Exhibit B: | Voting Agreement dated July 1, 2015, by and among Frontline Ltd. and the shareholders Party thereto (incorporated by reference to Exhibit B to the Reporting Persons’ Schedule 13D filed with the Commission on December 11, 2015) |
June 19, 2019 | |
(Date) | |
Hemen Holding Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
Greenwich Holdings Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
C.K. Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
/s/ John Fredriksen | |
(Signature) | |
John Fredriksen* | |
(Name) |
Hemen Holding Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
Greenwich Holdings Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
C.K. Limited | |
By: /s/ Spyros Episkopou | |
Name: Spyros Episkopou Title: Director | |
/s/ John Fredriksen | |
(Signature) | |
John Fredriksen | |
(Name) |