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    SEC Form SC 13G/A filed by Frontline Plc (Amendment)

    2/10/23 2:21:42 PM ET
    $FRO
    Marine Transportation
    Consumer Discretionary
    Get the next $FRO alert in real time by email
    SC 13G/A 1 sc13ga1.htm SCHEDULE 13G - AMENDMENT NO. 1
     
    CUSIP No. M46528101
     
    Page 1 of 5

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
     
    Under the Securities Exchange Act of 1934
    (Amendment No. 1)*
     
    Frontline Plc
    (Name of Issuer)
    Common Stock, par value $0.05 per share
    (Title of Class of Securities)
    M46528101
    (CUSIP Number)
    December 31, 2022
    (Date of Event Which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this schedule is filed:

    ☐  Rule 13d-1(b)
    ☒ Rule 13d-1(c)
    ☐  Rule 13d-1(d)

    *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.

    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).



     
    CUSIP No. M46528101
     
    Page 2 of 5

    1
    NAME OF REPORTING PERSON
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
     
    Folketrygdfondet
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (see instructions)
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY

    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Norway


    NUMBER OF SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    9,034,146 Common Shares
    6
    SHARED VOTING POWER
     
    0
    7
    SOLE DISPOSITIVE POWER
     
    9,034,146 Common Shares
    8
    SHARED DISPOSITIVE POWER
     
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    9,034,146 Common Shares
    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)
     
    4.06%(1)
    12
    TYPE OF REPORTING PERSON
     
    OO
    (1) Based on 222,622,889 Common Shares outstanding as of September 30, 2022, as reported on Form 6-K submitted by the Issuer to the Securities and Exchange Commission on December 6, 2022.





     
    CUSIP No. M46528101
     
    Page 3 of 5

    Item 1.

    (a)
    Name of Issuer:
    Frontline Plc


    (b)
    Address of Issuer’s Principal Executive Offices:
    8, Kennedy Street
    Iris House, Off. 740B
    3106 Limmasol, Cyprus
    Item 2.

    (a)
    Name of Person Filing:
    Folketrygdfondet


    (b)
    Address of Principal Business Office:
    Haakon VII's Gate 2
    P.O. Box 1845 Vika
    0123 Oslo
    Norway


    (c)
    Citizenship:
    Norway


    (d)
    Title of Class of Securities:
    Common Shares


    (e)
    CUSIP Number:
    M46528101

    Item 3.
    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

    Not applicable.


    (a)
    £ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

    (b)
    £ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

    (c)
    £ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

    (d)
    £ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

    (e)
    £ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

    (f)
    £ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

    (g)
    £ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

    (h)
    £ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

    (i)
    £ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

    (j)
    £ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);


     
    CUSIP No. M46528101
     
    Page 4 of 5


    (k)
    £ Group, in accordance with §240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution:__________________________.

    Item 4.
    Ownership.

    Amount beneficially owned:
    9,034,146 Common Shares


    (b)
    Percent of class:
    4.06%


    (c)
    Number of shares as to which the person has:


    (i)
    Sole power to vote or to direct the vote
    9,034,146 Common Shares


    (ii)
    Shared power to vote or to direct the vote
    0


    (iii)
    Sole power to dispose or to direct the disposition of
    9,034,146 Common Shares


    (iv)
    Shared power to dispose or to direct the disposition of
    0

    Item 5.
    Ownership of Five Percent or Less of a Class.

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [√]

    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.

    Not applicable.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

    Not applicable.

    Item 8.
    Identification and Classification of Members of the Group.

    Not applicable.

    Item 9.
    Notice of Dissolution of a Group.

    Not applicable.

    Item 10.
    Certification.

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


     
    CUSIP No. M46528101
     
    Page 5 of 5

    After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct.

    Dated: February 10, 2023
    Folketrygdfondet
     
         
     
    By:
    /s/ Christina Stray
     
     
    Name:
    Christina Stray
     
     
    Title:
    General Counsel
     



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