NOTIFICATION OF ANNUAL GENERAL MEETING OF BROSTRÖM VAN OMMEREN SHIPPING AB

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NOTIFICATION OF ANNUAL GENERAL MEETING OF BROSTRÖM VAN OMMEREN SHIPPING AB The shareholders in Broström Van Ommeren Shipping AB (publ) are hereby notified that the Annual General Meeting will be held on Tuesday 11 May 1999 at 5 pm at Lilla Bommen Konferens Center, Lilla Bommen 2, Göteborg, Sweden. Registration will start at 4 pm. Entitlement to participate in the AGM Shareholders are entitled to participate in the AGM provided they are registered in the print-out of the shareholder list made on 30 April 1999 and have also notified the company of their intention to participate by 4 pm on 6 May 1999. Registration in the shareholder list Nominee shareholders whose shares are deposited with a bank or a stockbroker must temporarily re-register their shares in their own names with Värdepapperscentralen VPC AB. Such re-registration must be effected by 30 April at the latest. In order for this to be done in time, an application to re-register the shares must be made in good time. Application Application to participate in the Meeting shall be made by post to Broström Van Ommeren Shipping AB, SE-403 30 Göteborg, Sweden, by telephone to +46 31 61 61 00, by fax to +46 31 711 80 30 or by e-mail to receptionen@brostroms.se. Applications must be received by Broström Van Ommeren Shipping AB by 4 pm on 6 May 1999, when the application period expires. The application should state name, personal/company ID number, address and telephone number. Proxy Shareholders are entitled to representation by proxy carrying a power of attorney. If a power of attorney has been issued by a legal entity, an authorized copy of the registration document for the legal entity must be provided. AGENDA 1. Opening of AGM 2. Election of Chairman for the AGM 3. Drawing up and approval of register of electors 4. Approval of agenda 5. Election of one or two Minutes-Checkers 6. Consideration whether the AGM has been properly notified 7. Reporting of Annual Accounts and Auditors' Report and Consolidated Accounts and Consolidated Auditors' Report for the financial year 1998 and the Managing Director's Report in conjunction hereto 8. a) Decision regarding adoption of the Income Statement and Balance Sheet and the Consolidated Income Statement and Consolidated Balance Sheet b) Decision regarding allocation of unappropriated profit according to the adopted Balance Sheet and establishment of dividend and reconciliation date c) Decision regarding discharge from liability for the Board Members and the Managing Director 9. Establishment of the number of Board Members and Deputies to be appointed by the AGM 10. Fixing of remuneration to the Board and the Auditors 11. Election of Board Members and Deputies 12. Election of Auditors and Deputies 13. Question regarding changes to the Articles of Association 14. Closing of the AGM THE BOARD'S PROPOSALS FOR DECISIONS Item 8: Dividend and reconciliation date The Board and the Managing Director propose that the shareholders shall receive SEK 0.50 per share for 1998 and that Monday 17 May 1999 shall be the reconciliation date. Should the AGM decide in accordance with the proposal, the dividend is expected to be sent out by VPC on Tuesday 25 May 1999. Item 13: Changes to the Articles of Association The Board's proposal is in the main occasioned by changes to the Companies Act and entails the following: Clause 7: The provision about mandate period for Auditors is removed, which means that the Act's stipulation of four years' mandate period will apply. Clause 8: The provision about notice period for AGM is removed, which means a notice period of at most six and at least four weeks and, for Extraordinary General Meetings where no change to the Articles of Association is to be considered, a notice period of at least two weeks. The method for notification and for other messages to the shareholders is changed and shall be in the form of an announcement in Post- och Inrikes Tidningar and in Göteborgs-Posten and Svenska Dagbladet or other national newspaper. Clause 9: The date shown in the notification as the last day for applications to attend the AGM shall not fall earlier than five working days before the AGM. Shareholders may bring one or two observers to the AGM, but this presumes previous application for the number of observers in the same manner as for the shareholder himself. Clause 10: The list of matters to be dealt with at the AGM shall be complemented by an item concerning the approval of the agenda and an item concerning the number of Board Members and Deputies. OTHER PROPOSED DECISIONS Concerning the election of the Chairman for the Meeting, the number of Board Members, remuneration to the Board and the Auditors and also the election of the Board and Auditors, shareholders who together represent more than 50% of the number of votes for all the shares in the company make the following proposal. Item 2: Claes Beyer as Chairman for the Meeting. Item 9: Seven Members and no Deputies. Item 10: Remuneration of SEK 640,000 to be divided according to the decision of the Board. Remuneration to Auditors to be paid in accordance with the approved invoice. Item 11: Re-election of the Members Lars-Olof Gustavsson, Roelof R. Hendriks, Vilgot Johansson, Claes Lundblad and Leif Rogersson. Election of Peter Cowling and Rick C. van Westenbrugge. Item 12: Re-election of the Auditors Pär Sundaeus and Lars Nordberg and of the Deputy Auditors Bror Frid and Berth Hilmersson for the time up to the end of the AGM 2003. Göteborg, April 1999 SE-403 30 Göteborg · Sweden Tel: +46 31 61 61 00 · Fax +46 31 711 80 30 · www.brostroms.se Broström Van Ommeren Shipping is one of the leading logistics companies for the oil and chemicals industry, specializing in industrial tanker shipping and marine services. The group has 900 employees and a turnover of SEK 2.2 billion. Göteborg, 19 April 1999 BROSTRÖM VAN OMMEREN SHIPPING AB (publ) ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/09/20040109BIT00280/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/09/20040109BIT00280/wkr0002.pdf