Siem Buys Option For NCL Shares

Siem Industries Inc. subsidiary Siem Leisure Industries Inc. acquired an option to purchase one million shares in cruise operator NCL Holding ASA. Siem said the option was acquired at a strike price of 18 crowns per share. The option expires Jan. 20, 2000. Siem Industries and its subsidiaries own 35,508,828 shares in NCL, or around 14.9 percent, in the form of ordinary shares and American Depository Receipts.