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FRONTLINE PLC
(registrant)
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Dated: September 18, 2025
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By:
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/s/ Inger M. Klemp
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Name: Inger M. Klemp
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Title: Principal Financial Officer
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1/3 of the synthetic options will vest on May 27, 2026
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1/3 of the synthetic options will vest on May 27, 2027
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1/3 of the synthetic options will vest on May 27, 2028
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Frontline plc
Limassol, Cyprus
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PDMR transactions
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managerial responsibilities and persons closely associated with them
1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Lars H. Barstad
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2
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Reason for the notification
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a)
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Position/status
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CEO of Frontline Management AS
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b)
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Initial notification/ Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
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a)
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Name
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Frontline plc
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b)
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LEI
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5493004BCIKYU1YL3H63
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Synthetic options giving a right to cash settlements depending on the development of the company's share price.
ISIN: CY0200352116
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b)
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Nature of the transaction
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Lars H. Barstad has on May 27th, 2025, been granted 115,509 synthetic options in Frontline plc (the "Company")
approved by the Board of Directors of the Company on May 27th, 2025.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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NOK 0
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115,509 synthetic options
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d)
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Aggregated information
— Aggregated volume
— Price
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115,509 synthetic options
NOK 0 |
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e)
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Date of the transaction
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May 27th, 2025
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f)
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Place of transaction
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Off market
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managerial responsibilities and persons closely associated with them
1
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Details of the person discharging managerial responsibilities/person closely associated
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||
a)
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Name
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Inger M. Klemp
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2
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Reason for the notification
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a)
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Position/status
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CFO of Frontline Management AS
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b)
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Initial notification/ Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
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a)
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Name
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Frontline plc
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b)
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LEI
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5493004BCIKYU1YL3H63
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Synthetic options giving a right to cash settlements depending on the development of the company's share price.
ISIN: CY0200352116
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b)
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Nature of the transaction
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Inger M. Klemp has on May 27th, 2025, been granted 86,632 synthetic options in Frontline plc (the "Company") approved
by the Board of Directors of the Company on May 27th, 2025.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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NOK 0
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86,632 synthetic options
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d)
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Aggregated information
— Aggregated volume
— Price
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86,632 synthetic options
NOK 0 |
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e)
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Date of the transaction
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May 27th, 2025
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f)
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Place of transaction
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Off market
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Issuer
Frontline plc
James O'Shaughnessy, Director of Frontline plc (“Frontline” or the “Company”),
has on September 8th, 2025, exercised 44,000 synthetic options in Frontline
under its share option scheme approved by the Board of Directors of the Company
on December 7, 2021.
Please see the attached form for notification and public disclosure of
transaction attached.
This notification has been publicly disclosed in accordance with Article 19 of
the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading
Act.
• |
PDMR transactions
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managerial responsibilities and persons closely associated with them
1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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James O'Shaughnessy
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2
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Reason for the notification
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a)
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Position/status
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Director of Frontline plc
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b)
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Initial notification/ Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
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a)
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Name
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Frontline plc
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b)
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LEI
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5493004BCIKYU1YL3H63
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a)
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Description of the
Financial instrument, type of instrument |
Synthetic options giving a right to cash settlements depending on the development of the company's share price.
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Identification code
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ISIN: CY0200352116
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b)
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Nature of the transaction
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James O'Shaughnessy has on September 8th, 2025, exercised 44,000 synthetic options in Frontline plc (the "Company") under its share
option scheme approved by the Board of Directors of the Company on December 7, 2021. The exercise price will be NOK 16.75, adjusted from NOK 71 / NOK 76 due to $5.35 dividend paid per share since the options were granted.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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NOK 227.72
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44,000 synthetic options
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d)
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Aggregated information
— Aggregated volume
— Price
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44,000 synthetic options
NOK 227.72 |
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e)
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Date of the transaction
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September 8th, 2025
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f)
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Place of transaction
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Off market
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Issuer
Frontline plc
Lars H. Barstad, CEO of Frontline Management AS, has on September 12th, 2025,
exercised 110,000 synthetic options in Frontline plc (“Frontline” or the
“Company”) under its share option scheme approved by the Board of Directors of
the Company on December 7, 2021. After the transaction Mr. Lars H. Barstad holds
405,509 synthetic options in the Company.
Please see the attached form for notification and public disclosure of
transaction attached.
This notification has been publicly disclosed in accordance with Article 19 of
the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading
Act.
• |
PDMR transactions
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managerial responsibilities and persons closely associated with them
1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Lars H. Barstad
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2
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Reason for the notification
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a)
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Position/status
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CEO of Frontline Management AS
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b)
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Initial notification/ Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
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a)
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Name
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Frontline plc
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b)
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LEI
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5493004BCIKYU1YL3H63
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
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|||
a)
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Description of the
Financial instrument,
type of instrument |
Synthetic options giving a right to cash settlements depending on the development of the company's share price.
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Identification code
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ISIN: CY0200352116
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b)
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Nature of the transaction
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Lars H. Barstad has on September 12th, 2025, exercised 110,000 synthetic options in Frontline plc (the "Company") under its
share option scheme approved by the Board of Directors of the Company on December 7, 2021. The exercise price will be about NOK 10.70, adjusted from NOK 71 due to $5.71 dividend paid per share since the options were granted and the dividend
payable on 24.09.2025.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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NOK 229.8667
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110,000 synthetic options
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d)
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Aggregated information
— Aggregated volume — Price |
110,000 synthetic options
NOK 229.8667 |
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e)
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Date of the transaction
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September 12th, 2025
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f)
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Place of transaction
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Off market
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