Norwegian VLCC owner Hunter Group is considering share buy-backs and stock issues after taking delivery of its final newbuilding this month.
The Oslo-listed company, backed by investor Arne Fredly, said shareholders had authorised the board to acquire up to 10% of its own shares and issue new stock equivalent to 25% of its equity.
At its current Oslo market capitalisation of $233m, this could mean stock sales worth about $58m.
