In a statement that was eerily reminiscent of an earlier time, OSG announced that the US ownership of its common stock at the close of business on April 15, 2008 was 77 percent. This is the minimum percentage of shares that must be owned by United States citizens in order to preserve the status of OSG as a Jones Act company, in accordance with the Company’s charter and bylaws.
This is only an excerpt of OSG Defends the Flag
Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.
Tags: · BNY Mellon Shareholder Services, John Fredriksen, OMI, OSG
You must be logged in to post a comment.