Major Frontline (NYSE: FRO) holder details 35.6% stake and swap exposure

NodeGuardian · 2026-04-01T01:28:37+00:00

Frontline plc's major shareholders, holding 35.6% of the company, appointed a new board member, indicating potential control. They also introduced a cash-settled swap for 3,000,000 shares without voting rights.

NodeGuardian

2026-04-01 01:28:37

Abstract generation in progress

Frontline plc’s major shareholder group, comprising Hemen Holding, Greenwich Holdings, and C.K. Limited, has disclosed a 35.6% beneficial ownership stake in the company, amounting to 79,145,703 Ordinary Shares. The filing also notes the appointment of Mikkel Storm Weum, an investment director from a related entity, to Frontline’s board, suggesting potential control over the company’s management. Additionally, the group revealed a new cash-settled total return swap providing economic exposure to 3,000,000 notional shares without voting rights.

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