The following information is based on a press release from Frontline Ltd (Frontline) published on January 8, 2016 and may be subject to change.
The board of Frontline has proposed that the Extraordinary General Meeting (EGM), scheduled for January 29, 2016, approves a reverse split whereby five (5) existing shares will be consolidated into one (1) new share. The scheduled Ex-date is February 3, 2016. Provided that the EGM approves the proposal, NASDAQ Derivatives Markets will carry out a re-calculation of options, forwards and futures in Frontline (FRO).
For further information, please see the attached file.