A/S Dampskibsselskabet TORM: Agenda for the Extraordinary General Meeting
31 Julho 2007 - 11:48AM
PR Newswire (US)
HELLERUP, Denmark, July 31 /PRNewswire-FirstCall/ -- - ANNOUNCEMENT
NO. 18 - 2007 Enclosed please find agenda for the Extraordinary
General Meeting in A/S Dampskibsselskabet TORM to be held on 14
August 2007. About TORM TORM is one of the World's leading carriers
of refined oil products and has significant activities in the bulk
market. The Company operates more than 100 modern and secure
vessels, most of them in pool co-operation with other respected
shipping companies, sharing TORM's commitment to safety,
environmental responsibility and customer service. TORM was founded
in 1889 and has constantly adapted itself and benefited from the
significant changes characterizing shipping. The Company conducts
business all over the World and is headquartered in Copenhagen,
Denmark. TORM's shares are listed in Copenhagen (ticker TORM) as
well as on NASDAQ (ticker TRMD). For more information, visit
http://www.torm.com/. SAFE HARBOUR STATEMENT - FORWARD LOOKING
STATEMENTS Matters discussed in this release may constitute
forward-looking statements. Forward-looking statements reflect our
current views with respect to future events and financial
performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The forward-looking statements in
this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, management's examination of historical operating
trends, data contained in our records and other data available from
third parties. Although TORM believes that these assumptions were
reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, TORM
cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections. Important factors that, in
our view, could cause actual results to differ materially from
those discussed in the forward-looking statements include the
strength of world economies and currencies, changes in charter hire
rates and vessel values, changes in demand for "tonne miles" of
crude oil carried by oil tankers, the effect of changes in OPEC's
petroleum production levels and worldwide oil consumption and
storage, changes in demand that may affect attitudes of time
charterers to scheduled and unscheduled dry-docking, changes in
TORM's operating expenses, including bunker prices, dry-docking and
insurance costs, changes in governmental rules and regulations
including requirements for double hull tankers or actions taken by
regulatory authorities, potential liability from pending or fu ture
litigation, domestic and international political conditions,
potential disruption of shipping routes due to accidents and
political events or acts by terrorists. Risks and uncertainties are
further described in reports filed by TORM with the US Securities
and Exchange Commission, including the TORM Annual Report on Form
20-F and its reports on Form 6-K. AGENDA Extraordinary General
Meeting in Aktieselskabet Dampskibsselskabet TORM (CVR NO 22460218)
to be held on Tuesday, 14 August 2007 at 15:00 hours at Radisson
SAS Falconer, Falkoner Alle 9, DK-2000 Frederiksberg 1. Proposals
from the Board of Directors: a. Authorisation to the Board of
Directors to resolve to distribute interim dividend. b.
Authorisation to the Board of Directors (with a right of
substitution) to apply for registration of the resolutions passed
and to make any such amendments thereto as may be required or
requested by the authorities as a condition for registration or
approval. Re 1 a: The Board of Directors proposes that the Board of
Directors be authorised pursuant to Section 109a of the Danish
Companies Act to distribute interim dividend and that the following
authorisation be added as a new Section 3.8 of the company's
articles of association: "The Board of Directors has been
authorised by the general meeting to resolve to distribute interim
dividend." Re 1 b: The Board of Directors (with a right of
substitution) shall be authorised to apply for registration of the
resolutions passed and to make any such amendments thereto as may
be required or requested by the Danish Commerce and Companies
Agency, OMX Nordic Exchange Copenhagen A/S or any other public
authority as a condition for registration or approval. In
accordance with Section 73(5) of the Danish Companies Act please be
informed that the Company's share capital amounts to nom. DKK
364,000,000.00 divided into shares of nom. DKK 5.00 each. Each
share of DKK 5.00 gives one vote. The general meeting is only
legally competent to transact business when at least 1/3 of the
share capital is represented, cf. Article 9(1) in the Articles of
Association of the Company. Approval or adoption of the proposals
under items 1 a and 1 b requires simple majority, cf. Article 9(2)
in the Articles of Association of the Company and Sections 77 and
109a(1) of the Danish Companies Act. Notice convening the
extraordinary general meeting will be sent to all shareholders
entered in the Company's register of shareholders and/or
ADR-holders who have registered their holdings with the Company,
and who have made a request therefore. The agenda with the complete
proposals will be available for review at the offices of the
Company at least 8 days prior to the extraordinary general meeting.
Admission cards to the extraordinary general meeting can be
obtained against presentation of appropriate proof of
identification (VP reference number) not later than 4 days before
the meeting from: VP Investor Services, tel. +45-4358-8866, fax
+45-4358-8867 from whom voting cards within the same deadline can
be obtained by shareholders being entitled thereto pursuant to
Article 7(3) in the Articles of Association. Hellerup, 31 July 2007
The Board of Directors DATASOURCE: A/S Dampskibsselskabet TORM
CONTACT: Contact: Klaus Kjaerulff, CEO, tel.: +45-39-17-92-00
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