Sevan Marine ASA has today on May 25, 2009, held its Ordinary General Meeting.
All proposals from the Board of Directors to the General Meeting were approved.
THE BOARD OF DIRECTORS
The shareholder elected members to the Board of Directors consist of:
Arne Smedal (Chairman)
Vibeke Strømme (Deputy Chairman)
Hilde Drønen (Board Member)
Kåre Syvertsen (Board Member, re-elected)
Stephan Marc Zeppelin (Board Member, re-elected)
In connection with the Ordinary General Meeting an election of Directors elected by and amongst the employees of the Sevan Marine Group was conducted. The new Directors elected by the employees are:
Jorunn Haugen - (Board Member - elected by the employees)
Jørgen Skotnes - (Board Member - elected by the employees)
Ann Kristin Nielsen - (Deputy Director for Jorunn Haugen )
Morten Ileby - (Deputy Director for Jørgen Skotnes )
AUTHORISATIONS
New shares, financing
The Board of Directors was authorised to issue up to 19,612,844 new shares to part finance capital requirements of the Company, including capital requirements related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises.
Share options
The Board of Directors was authorised to allocate up to 2,000,000 new share options to employees.
New shares, empolyees
The Board of Directors was authorised to issue up to 8,654,277 new shares in connection with stock options and bonus programme.
Treasury shares
The Board of Directors was authorised to acquire up to 19,612,840 treasury shares.
Convertible loans
The Board of Directors was authorised to obtain convertible loans in the aggregate amount of up to USD 100,000,000 which can be converted into up to 30,000,000 shares.
MINUTES
Attached as appendix to this announcement is the minutes of Ordinary General Meeting in English translation. The minutes in Norwegian have been posted on the Company's web-site; www.sevanmarine.com.
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations.
 Minutes of meeting 119.60 Kb
Protokoll 757.46 Kb
Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.
For information, please contact:
Jan Erik Tveteraas, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 95214925 mobile
Birte Norheim, Vice President Finance, Sevan Marine ASA (Analysts)
+47 37404201 office
+47 95293321 mobile |
