All resolutions were made in accordance with the summons for the Annual General Meeting of I.M. Skaugen SE held on 28 April 2014.
60.04 per cent of the share capital was represented.
The presentation material used at the AGM is also available at the web site (www.skaugen.com).
The following resolutions were passed:
Re. Election of the Board of Directors
Ragnhild Wiborg and Monica Skaugen as well as Erik Falkenberg (deputy to the Board of Directors) are re-elected as board members and as deputy.
The Board of Directors for I.M. Skaugen SE is as below:
Erik Eik - (for election in 2016)
Jon-Aksel Torgersen - (for election in 2016)
Bertel O. Steen - (for election in 2016)
Ragnhild Wiborg - (for election in 2017)
Monica Skaugen - (for election in 2017)
Erik Falkenberg, Deputy Member to the Board - (for election in 2017)
Re. Approval of the directors' remuneration
For the Annual General Meeting the Director's Remuneration for 2015 is proposed at the same level as for 2014, NOK 1,675,000.
Re. Authorisation to acquire the Company's treasury shares
On 23 April 2014, the company's Ordinary Annual General Meeting granted the Board the authority to acquire treasury shares. The Board of Directors believes that the acquisition of the Company's treasury shares may be right for the Company with a view, inter alia, to improve the shareholders' return. The Board of Directors proposes this authorisation to be renewed. This also assures the company greater financial flexibility. The acquisition of the Company's own shares can for example be relevant in a situation where the Company's equity and liquidity situation is good, while at the same time there is a limited supply of attractive investment opportunities.
The Board of Directors therefore proposes that the Annual General Meeting passes the following resolutions:
The authorisation is to be registered in the Register of Business Enterprises.
Re. Authorisation to increase the share capital
On 23 April 2014, the company's Ordinary Annual General Meeting granted the Board the authority to increase the share capital with up to NOK 40,632,789 corresponding to 10 % of the company's share capital. The Board of Directors proposes that this authority is renewed by giving the Board of Directors authorities to increase the share capital with up to NOK 40,632,789 corresponding to 10 % of the company's current share capital. It is proposed that the Board of Directors shall decide when to execute the authorisation, and in such regard, also set the subscription price.
The Board of Directors therefore proposes that the Annual General Meeting passes the following resolutions:
The authorisation is to be registered in the Register of Business Enterprises.
Re. Dealing with the Board's statement on how the salary and other benefits to leading employees are determined
In accordance with the Public Limited Companies Act § 6-16 a, the Board has produced a statement on how the salary and other benefits to leading employees are determined. The content of this statement is included in Note 4 to the Annual Accounts for 2013 for the parent company. An advisory vote on the statement shall be held at the Annual General Meeting.
The Board of Directors proposes therefore that the Annual General Meeting passes the following resolutions:
I.M. Skaugen SE
If you have any questions, please contact: Bente Flų, Chief Financial Officer, on telephone +47 23 12 03 30/+47 91 64 56 08 or by e-mail: bente.flo@skaugen.com.
This press release is also available on the Internet at our website: http://www.skaugen.com.
I.M. Skaugen SE is a Norway based Marine Transportation Service Company, with a focus on Innovative Maritime Solutions. Our core business activity is to provide logistics solutions for seaborne regional distribution of liquefied gasses such as LNG, petrochemical gases, ethane as well as LPG.
The Skaugen Group of companies currently operates a fleet of 22 vessels worldwide. In our core fleet of 15 advanced gas carriers, we have 6 innovative and unique vessels with the capacity to transport LNG in addition to petrochemical gases and LPG. Our global teams can provide on- and off-shore LNG terminal management as well as ship to ship transfer services of LNG/LPG and crude oil as well as petroleum products. We recruit, train and employ our own team of seafarers.
IMS employs approximately 525 team members globally and with nearly 30 nationalities represented. We manage and operate our activities and service our clients from our offices in Singapore, Oslo, Houston and Sunderland, UK
Company Presentation at AGM 2015
Generalforsamlingsprotokoll