Nordic American Tankers AGM Agrees Share Capital Increase

By George Backwell
Friday, June 20, 2014
Nordic American Tankship: Photo credit NAT

Nordic American Tankers (NAT) informs it held its Annual General Meeting (AGM) recently in Hamilton Bermuda.  The following resolutions were approved:

  • All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders;
  • Deloitte AS was approved as the Company's independent auditors until the close of the next Annual General Meeting;
  • An amendment to the Company's Memorandum of Association to increase the Company's authorized share capital was approved; and
  • The reduction of the Company's share premium account by approximately $208.2 million, which is the amount paid up in excess o f the aggregate par value of the outstanding common shares, par value $0.01 per share, was approved.

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