Nordic American Tanker AGM Results

Thursday, June 02, 2011

Nordic American Tankers Limited announced the official results of its 2011 Annual General Meeting, held on June 1, 2011 at 10:00 a.m. in Hamilton, Bermuda.  The following resolutions were approved with more than the necessary majority required for each:

1. All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders;

2. Deloitte AS was approved as the company's independent auditors until the close of the next Annual General Meeting;

 3. The company's Amended and Restated Bye-laws were approved;

 4. The increase in the company's authorized share capital was approved; and

 5. The change of the Company's legal name to "Nordic American Tankers Limited" was approved.

In addition, the Company's audited financial statements for the year ended December 31, 2010 were presented at the Meeting.

The authorized capital has not been increased since the company's founding in 1995, when its fleet consisted of three vessels.  Today, the company's fleet consists of 19 vessels, including newbuildings. The increase in the authorized capital is intended to facilitate the company's continued growth.  The company, however, does not have any immediate plans to conduct an offering of its common shares.
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Container Shipping Lucky to Break Even in 2015

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between

As First Victims Mourned, Italian Navy Searches On

Italy held a funeral service on Tuesday for 13 migrants who died in the worst shipwreck in the Mediterranean in recent history, while the navy continued its search for other victims of the disaster.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2095 sec (5 req/sec)