SFL - 2017 Annual General Meeting
September 25 2017 - 8:58AM
Ship Finance International Limited (the
"Company") advises that the 2016 Annual General Meeting of the
Shareholders of the Company was held on September 22, 2017 at 9:30
a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04,
Bermuda. The audited consolidated financial statements for
the Company for the year ended December 31, 2016 were presented to
the Meeting.
In addition, the following resolutions were
passed:
- 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 Harald Thorstein as a Director of the Company.
- To re-elect Bert M. Bekker as a Director of the Company.
- To re-elect Gary Vogel as a Director of the Company.
- That Moore Stephens, P.C. be re-appointed as auditors of the
Company and that the Directors be authorised to determine their
remuneration.
- That the remuneration payable to the Company's Board of
Directors of a total amount of fees not to exceed $800,000 be
approved for the year ended December 31, 2017.
The Board of Directors has awarded 113,000
options to employees as part as of the management incentive
program. The options have been issued pursuant to the Company's
Share Option Scheme and will have a five-year term with a
three-year vesting period. The initial strike price is $14.30 and
the first options will be exercisable from September 2018.
September 25, 2017The Board of DirectorsShip
Finance International LimitedHamilton, Bermuda
About Ship FinanceShip Finance
International Limited has a unique track record in the maritime
industry, being consistently profitable and paying dividends every
quarter since 2004. The Company's fleet of around 70 vessels is
split between tankers, bulkers, container vessels and offshore
assets, and Ship Finance's long term distribution capacity is
supported by a portfolio of long term charters and significant
growth in the asset base over time.More information can be found on
the Company's website: www.shipfinance.bm
Cautionary Statement Regarding Forward
Looking StatementsThis 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.Important factors that, in the Company's view, could
cause actual results to differ materially from those discussed in
this presentation include the strength of world economies and
currencies, general market conditions including fluctuations in
charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production
levels and worldwide oil consumption and storage, changes in the
Company's operating expenses including bunker prices, dry-docking
and insurance costs, changes in governmental rules and regulations
or actions taken by regulatory authorities, potential liability
from pending or future litigation, general domestic and
international political conditions, potential disruption of
shipping routes due to accidents or political events, and other
important factors described from time to time in the reports filed
by the Company with the United States Securities and Exchange
Commission.
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