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BCM\, LLC'S POSITION IN AMERICAN SHIPPING COMPANY A S (AMSC NO) DECLINED BELOW 5% ON JANUARY 8\, 2014.

February 11, 2014



Pursuant to Section 4-3 of the Norwegian Securities Trading Act, we hereby notify you as follows:

1. name of the person subject to the notification requirement: BRIGHTLINE CAPITAL MANAGEMENT, LLC ("BCM, LLC")

2. background for the notification: BCM, LLC'S POSITION IN AMERICAN SHIPPING COMPANY A S (AMSC NO) DECLINED BELOW 5% ON JANUARY 8, 2014.

3. name of the issuer: AMERICAN SHIPPING COMPANY A S (AMSC NO)

4. description of the financial instrument: EQUITY

5. type of transaction: SALE TRANSACTION

6. timing and market for the transaction: JANUARY 8, 2014; OSLO BORS (OSE: OSLO)

7. price and volume of the transaction: ON JANUARY 8, 2014, BCM, LLC SOLD 760,000 SHARES OF AMSC NO @ 39.2916

8. holding after the transaction: FOLLOWING THE TRANSACTION ON JANUARY 8, 2014, BCM HELD 1,462,904 SHARES OF AMSC NO, WHICH REPRESENTED 2.5% OF THE TOTAL SHARES OUTSTANDING OF AMSC NO ON JANUARY 8, 2014.



9. percentage of shares and votes in the company held in form of rights to shares after the acquisition or disposal which activates the notification: BCM, LLC RECEIVED RIGHTS TO 855,456 SHARES OF AMSC NO ON JANUARY 3, 2014, REPRESENTING 1.5% OF TOTAL SHARES OUTSTANDING. INCLUDING SHARES HELD AND RIGHTS TO RECEIVE SHARES, BCM, LLC OWNED 4% OF THE TOTAL SHARES OUTSTANDING ON JANUARY 8, 2014.

10. information when rights may be exercised: RIGHTS TO RECEIVE 855,456 SHARES EXERCISED ON JANUARY 13, 2014. SHARES WERE RECEIVED ON JANUARY 27, 2014.

Click here for more information: http://www.newsweb.no/index.jsp?messageId=345673


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Source: Oslo Bors Newsfeed


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