Duyuru • Mar 28
Frontline plc Announces Resignation of Director Richard C. Prince Frontline plc announced that Mr. Richard C. Prince has resigned as Director of the Company. Duyuru • Dec 09
Frontline plc Approves to Elect Richard C. Prince as Director Frontline plc at 2025 Annual General Meeting held on 8 December 2025 approved to elect Richard C. Prince as a Director of the Company. Duyuru • Feb 28
Frontline plc Declares Dividend for the Fourth Quarter of 2024 Frontline plc declared a cash dividend of $0.20 per share for the fourth quarter of 2024. Duyuru • Dec 13
Frontline plc Approves the Election of Directors Frontline plc advised that the 2024 Annual General Meeting of the Shareholders of the Company was held on 12 December 2024. The shareholders approved the election of Ørjan Svanevik and Dr. Maria Papakokkinou as a Director of the Company. Duyuru • Nov 28
Frontline plc Declares Dividend for the Third Quarter of 2024, Payable on or About December 31, 2024 The Board of Directors of Frontline plc declared a dividend of $0.34 per share for the third quarter of 2024. The record date for the dividend will be December 11, 2024, the ex-dividend date is expected to be December 11, 2024, for shares listed on the New York Stock Exchange and December 10, 2024, for shares listed on the Oslo Stock Exchange, and the dividend is scheduled to be paid on or about December 31, 2024. Duyuru • Sep 05
Frontline plc Announces the Resignation of Marios Demetriades as Director Frontline plc announced that Mr. Marios Demetriades has resigned as Director of the Company. Duyuru • Feb 29
Frontline plc Announces Dividend for the Fourth Quarter of 2023, Payable on or About 27 March, 2024 Frontline plc announced dividend of $0.37 per share for the fourth quarter of 2023. Ex-date is 14 March, 2024. Record date is 15 March, 2024. Payment date is on or about 27 March, 2024. Duyuru • Dec 13
Frontline plc Elects Cato Stonex as A Director Frontline plc at its AGM held on December 12, 2023, elected Cato Stonex as a Director of the Company. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.30 per share at 6.4% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 74% and the cash payout ratio is 82%. Trailing yield: 6.4%. Lower than top quartile of Mexican dividend payers (6.8%). Lower than average of industry peers (37%). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.69 in 3Q 2022) Third quarter 2023 results: EPS: US$0.48 (down from US$0.69 in 3Q 2022). Revenue: US$377.5m (down 1.2% from 3Q 2022). Net income: US$107.7m (down 30% from 3Q 2022). Profit margin: 28% (down from 40% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in South America. Duyuru • Nov 30
Frontline plc Announces Dividend for the Third Quarter, 2023, Payable on or About 29 December, 2023 Frontline plc announced dividend of USD 0.30 per share for the third quarter of 2023, Payment date: On or about 29 December, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 3 January, 2024. Record date is 15 December, 2023. Ex-date is 14 December, 2023. Last day including right: 13 December, 2023. Date of approval: 29 November, 2023. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Mex$379, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$654 per share. Duyuru • Nov 24
CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO). CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. The aggregate amount of the purchase price for the sale shares is equal to $1.059 billion at $18.43 per share for 57,479,744 shares. On the date of this Agreement, CMB and its Affiliates directly own an aggregate amount of 50,450,000 Shares and Frontline and Famatown directly own an aggregate amount of 57,479,744 Shares. The purchase price shall be allocated between the Sellers as follows: (i) an amount of $251,838,818 due to Frontline as consideration for the Frontline Shares; and (ii) an amount of $807,512,864 due to Famatown as consideration for the Famatown Shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023. As of October 20, 2023, CMB NV invites its shareholders to participate to the Special General Meeting to be held on November 21, 2023. All conditions pursuant to transaction fulfilled including approval by the shareholders of Euronav and anti-trust approvals.DNB Markets, a part of DNB Bank ASA is serving as financial advisor to Frontline. Advokatfirmaet Schjødt AS, Advokatfirmaet Wiersholm AS and Allen & Overy LLP are serving as legal counsel to Frontline in connection with the Acquisition. Computershare Trust Company N.A as transfer agent for its ordinary shares in the United States. Lazard BV/SRL acted as financial advisor to Euronav. CMB NV completed the acquisition of additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) on November 22, 2023. Duyuru • Oct 11
CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion. CMB NV entered into an agreement to acquire additional 26.124% stake in Euronav NV (ENXTBR:EURN) from Famatown Finance Limited and Frontline plc (NYSE:FRO) for $1 billion on October 9, 2023. As per the terms of the transaction, the offer price per share is $18.43 for 57,479,744 shares. Following its acquisition of Euronav shares from Frontline, CMB will own 49.05% of the Company’s issued shares. Euronav holds 8.23% of its shares in treasury. The Share Sale will trigger the requirement for CMB to launch a mandatory takeover offer on all shares of Euronav, at the same price as the Share Sale. Accordingly, all shareholders of Euronav will have the opportunity to sell their shares for the same price at which Frontline will have sold its shares to CMB. In a related transaction, Frontline will acquire 24 VLCC tankers from the Euronav fleet for $2.35 billion. The Related Party Transactions are conditional upon completion of the Share Sale. In addition, the Fleet Sale and the Share Sale are conditional upon, inter alia, the obtaining of regulatory approvals. The completion of the Share Purchase is subject to merger control approvals and approval by Euronav’s shareholders’ meeting of the conditionality of the Vessel Sale on the completion of the Share Purchase. Completion of the Share Purchase expected in Q4, 2023. Duyuru • Oct 06
Euronav's Shareholder CMB Offers to Acquire Frontline’s 26.12% Stake Euronav NV (ENXTBR:EURN) shareholder CMB NV is offering to acquire Frontline plc (NYSE:FRO)’s 26.12% stake in the company for $18.43 per share, which will be followed by a mandatory public offer at the same price, Euronav said in statement. Shares of oil tanker company Euronav jumped around 18% as trading reopened at 1330 GMT. Shares were suspended earlier in the day after spiking on media reports about the company going private. Shares traded at a EUR 14.57 ($15.34) prior to the suspension. The proposed transaction would also involve peer and shareholder Frontline acquiring 24 VLCC tankers from the Euronav fleet for $2.35 billion, Euronav said. “The discussions between the parties are well advanced. However, there can be no certainty that these discussions will lead to an agreement.” The successful completion of the deal would end the arbitration action initiated against Frontline by Euronav in response to the Oslo-traded company’s decision to scrap a $4.2 billion planned merger between both companies, which would have created the world’s largest publicly listed tanker company. Duyuru • Aug 25
Frontline plc Announces Dividend for the Second Quarter of 2023, Payable on or About September 29, 2023 Frontline plc announced dividend of USD 0.80 per share for the second quarter of 2023, payable on or about September 29, 2023. Due to the implementation of CSDR in Norway, dividends payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about October 3, 2023. Record date is September 15, 2023. Ex-date is September 14, 2023. Last day including right is September 13, 2023. Date of approval is August 23, 2023. Duyuru • Jun 25
Frontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic Index Frontline plc(NYSE:FRO) dropped from Russell 2000 Dynamic Index Duyuru • Jun 01
Frontline plc Declares Cash Dividend for the First Quarter of 2023, Payment Date Is on or About 30 June, 2023 Frontline plc declared cash dividend of $0.70 per share for the first quarter of 2023. Ex-date is 15 June, 2023. Record date is 16 June, 2023. Payment date is On or about 30 June, 2023. Board Change • Mar 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 09
Frontline plc Announces Emergency Arbitration Claims Filed by Euronav Have Been Fully Dismissed by the Emergency Arbitrator Frontline plc, formerly Frontline Ltd. announced that the Emergency Arbitration claims filed by Euronav have been fully dismissed by the Emergency Arbitrator. The decision was issued February 7, 2023, and in addition to fully dismissing the claims, orders Euronav to pay to Frontline all costs of the Emergency Arbitration proceedings, including full compensation for legal costs incurred. This decision strengthens Frontline’s position that its decision to terminate the combination agreement was entirely lawful. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 19
Frontline plc Confirms to Terminate the Combination Agreement with Euronav NV Frontline plc confirmed that it has received from Euronav NV an emergency arbitration request for urgent interim and conservatory measures following Frontline’s decision to terminate the combination agreement as further explained in Frontline’s press release dated 9 January 2023. Frontline is currently analysing this request with its legal advisors. Frontline once again confirms that its decision to terminate the combination agreement was entirely lawful. Duyuru • Jan 07
Frontline plc, Annual General Meeting, Sep 29, 2023 Frontline plc, Annual General Meeting, Sep 29, 2023, at 15:00 Atlantic Standard Time. Board Change • Dec 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 17% share price gain to Mex$224, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Oil and Gas industry in South America. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 03 October 2022. Trailing yield: 5.0%. Lower than top quartile of Mexican dividend payers (6.3%). Lower than average of industry peers (20%). Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.14 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.23 (up from US$0.14 loss in 2Q 2021). Revenue: US$300.7m (up 77% from 2Q 2021). Net income: US$47.1m (up US$73.7m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 15% compared to a 25% growth forecast for the Oil and Gas industry in Mexico. Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 15
First quarter 2022 earnings released: EPS: US$0.15 (vs US$0.15 in 1Q 2021) First quarter 2022 results: EPS: US$0.15 (up from US$0.15 in 1Q 2021). Revenue: US$217.4m (up 12% from 1Q 2021). Net income: US$31.1m (up 7.8% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 15% compared to a 24% growth forecast for the industry in Mexico. Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director James O'Shaughnessy was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
