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As filed with the Securities and Exchange Commission on December 28, 1998
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13E-4 (FINAL AMENDMENT)
ISSUER TENDER OFFER STATEMENT
(PURSUANT TO SECTION 13(E)(1) OF THE SECURITIES
EXCHANGE ACT OF 1934)
Nordic American Tanker Shipping Limited
(NAME OF ISSUER)
Nordic American Tanker Shipping Limited
(NAME OF PERSON(S) FILING STATEMENT)
COMMON SHARES, PAR VALUE $.01 PER SHARE G65773106
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER OF CLASS OF
SECURITIES)
Herbjorn Hansson
Nordic American Tanker Shipping Limited
Cedar House
41 Cedar Avenue
Hamilton HM EX
Bermuda
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF PERSONS(S) FILING
STATEMENT)
COPIES TO:
Gary J. Wolfe
Seward & Kissel
One Battery Park Plaza
New York, New York 10004
(212) 574-1200
OCTOBER 29, 1998
(DATE TENDER OFFER FIRST PUBLISHED, SENT OR GIVEN TO SECURITY
HOLDERS)
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This Final Amendment amends and supplements the Issuer Tender
Offer Statement on Schedule 13E-4, dated as of October 29, 1998,
as amended on December 4, 1998, relating to the cash tender offer
by Nordic American Tanker Shipping Limited, a Bermuda company
(the "Company"), to purchase its common shares, par value $0.01
per share (the "Shares"), at a price between $11.50 and $15.50,
net to the seller in cash, without interest, and upon the terms
and conditions set forth in the offer to purchase dated October
29, 1998 (the "Offer to Purchase"). The Offer to Purchase
together with the related Letter of Transmittal, as may be
amended, constitute the "Offer." The Issuer Tender Offer
Statement is hereby amended to incorporate the information
included in the exhibits referred to below.
ITEM 1. SECURITY AND ISSUER.
The Offer expired at 5:00 p.m. New York City time (11:00 p.m.
Oslo time) on December 18, 1998. The Company purchased 2,107,244
shares on a pro rata basis pursuant to the Offer at a purchase
price of $12.50 per share. The Company exercised its option
under the Offer and purchased an additional 236,277 shares.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
Item 9 is hereby amended to include the following additional
exhibit:
(a)(10) Text of Press Release issued by the Company, dated
December 18, 1998.
SIGNATURE
After due inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Amendment to
Schedule 13E-4 is true, complete and correct.
December 28, 1998
NORDIC AMERICAN TANKER SHIPPING LIMITED
By: /s/ Herbjorn Hansson
___________________________________
(Name) Herbjorn Hansson
(Title) Chairman and Chief Executive Officer
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EXHIBIT (a)(10)
FOR IMMEDIATE RELEASE
NORDIC AMERICAN TANKER SHIPPING LIMITED
ANNOUNCES EXPECTED PURCHASE PRICE FOR
SHARES ACCEPTED IN ITS SELF-TENDER OFFER
Hamilton, Bermuda, December 21, 1998. Nordic American Tanker
Shipping Limited (American Stock Exchange: NAT; Oslo Stock
Exchange: NAT) announced that, based upon the approximately
7,049,235 shares tendered as of the close of business on December
18, 1998, the purchase price for common shares tendered in its
"Dutch Auction" self-tender offer is expected to be $12.50.
Approximately 3,373,250 shares were tendered at or below $12.50.
The Company expects to purchase 2,107,244 of such shares on a pro
rata basis. The Company will return the shares tendered above
$12.50 to its shareholders as soon as possible.
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01318006.AC1
