Course of the annual general meeting 12 April 2016

12 April 2016

NORDIC SHIPHOLDING A/S

Company Announcement No. 3/2016

Course of the annual general meeting of Nordic Shipholding A/S on 12 April 2016

Today, Tuesday, 12 April 2016, Nordic Shipholding A/S held its annual general meeting with the agenda published in the notice convening the meeting dated 21 March 2016.

The annual report for 2015, the remuneration of the board of directors for 2015 and the board of directors' proposal on the application of the result was approved.

At the board of directors' proposal, the company's management and board of directors were granted discharge.

The board of directors' remuneration for 2016 was approved.

In accordance with the proposal of the board of directors, board members Knud Pontoppidan, Kristian Mørch, Jon Lewis, Philip Clausius and Kanak Kapur were re-elected.

PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-elected as the company's auditor.

The following proposals from the board of directors were adopted by the general meeting:

• Resolution to make certain editorial amendments to the articles of association in order to reflect that the authorisation to issue warrants had expired and that the current warrant programmes have expired or are set to expire in April 2016.  

• Authorisation to the board of directors until 12 April 2021 to let the company acquire or enter into agreements to acquire up to 20% of the company's share capital at a price equal to the share price quoted at the time of acquisition or entry into the agreement, as applicable, with a deviation of up to 10%.

At a subsequent board meeting, the board of directors appointed Knud Pontoppidan as chairman and Jon Lewis as deputy chairman.

Copenhagen, 12 April 2016

Kind regards,

Knud Pontoppidan, Chairman of the board of directors, Nordic Shipholding A/S: +45 3929 1000.

Vedhæftede filer:

Articles of Association.pdf