Ship Finance International Limited (the “Company“) advises that the 2014 Annual General Meeting of the Company was held on September 19, 2014 at 11:45 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. The audited consolidated financial statements for the Company were presented to the Meeting.
Proposal 6 with respect to the Capital Reorganisation of the Company failed to achieve the majority of votes necessary at the Annual General Meeting and was therefore not passed.
The following resolutions were passed:
- To re-elect Hans Petter Aas as a Director of the Company.
- To re-elect Paul Leand, Jr., as a Director of the Company.
- To re-elect Kate Blankenship as a Director of the Company.
- To re-elect Cecilie Fredriksen as a Director of the Company.
- To re-elect Harald Thorstein as a Director of the Company.
- To re-appoint Moore Stephens, P.C. as auditors and to authorise the Directors to determine their remuneration.
- That the remuneration payable to the Company’s Board of Directors of a total amount of fees not to exceed US$550,000.00 be approved for the year ended December 31, 2014.
About Ship Finance
Ship Finance is a major ship owning company listed on the New York Stock Exchange (NYSE: SFL). Including newbuildings and adjusted for the sale of assets, the Company will have a fleet of 70 vessels, including 19 crude oil tankers (VLCC and Suezmax), two chemical tankers, 14 drybulk carriers, 24 container vessels (including four newbuildings), two car carriers, six offshore supply vessels, two jack-up drilling rigs, two ultra-deepwater semi-submersible drilling rigs and one ultra-deepwater drillship. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters.
More information can be found on the Company’s website: www.shipfinance.org
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management’s examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.