STX Able to Vote at Aker Yards' Extraordinary Shareholders' Meeting
Aker Yards ASA has been informed that the EU Commission has granted STX an exemption from the suspension of voting rights attached to its shares in Aker Yards ASA, due to the pending merger control approval, to the effect that STX will be allowed to vote for its shares at the extraordinary shareholders' meeting to be held 1 April 2008 provided that it exercises the voting rights for the purpose of seeking to secure that the existing members of the Board remains as such. As announced 7 March 2008, the shareholder Havyard Invest AS has called for an extraordinary shareholders' meeting 1 April where they will propose to elect a new Board of Directors. Further information regarding the extraordinary shareholders' meeting may be found at the company's web page
Aker Shareholder Asks for Extraordinary Shareholders Meeting
Aker Yards has received a request from Havyard Invest AS to schedule an extraordinary shareholders' meeting, to enable the shareholders to elect a new Board of Directors. Havyard says that the company will enter into a dialogue with Aker Yards' Nomination Committee in order to develop a proposal for the composition of a new Board of Directors. Aker Yards' ordinary Annual Shareholders Meeting is scheduled to take place in Oslo; Norway at 25 April 2008. Aker Yards will now process the request from Havyard Invest in line with the relevant legislation and procedures for listed companies. Aker Yards aims at announcing a date and time for an extraordinary shareholders meeting shortly.
