Annual General Meeting in A/S Dampskibsselskabet TORM 22 April 2008
2008年4月22日 - 10:25PM
PRニュース・ワイアー (英語)
HELLERUP, Denmark, April 22 /PRNewswire-FirstCall/ -- At the Annual
General Meeting the following took place: - Annual Report 2007 was
approved. - A dividend of DKK 4.50 per DKK 5 share as proposed by
the Board of Directors was approved. - Mr. Bo Jagd and Mr. Michael
Steimler were elected to the Board of Directors for a period of
four years. - Deloitte Statsautoriseret Revisionsaktieselskab was
re-elected. - Authorization to increase the share capital with up
to DKK 182,000,000 was renewed until 1 April 2013. The overall
guidelines for the incentive scheme to members of the Board of
Directors and the Management Board proposed by the Board of
Directors was adopted. Authorization to purchase the Company's own
shares was renewed. The expectations for the 2008 result before tax
of USD 210-230 million were maintained. In addition comes any gains
from sale of vessels. At the Board of Directors meeting immediately
following the Annual General Meeting, the Board of Directors
appointed Mr. N. E. Nielsen as Chairman and Mr. Christian Frigast
as Deputy Chairman. Accordingly, the Board of Directors is composed
as follows: N. E. Nielsen (Chairman), Christian Frigast (Deputy
Chairman), Bo Jagd, Gabriel Panayotides, Michael Steimler, Nicos
Zouvelos, Peter Abildgaard (elected by the employees), Lennart
Arnold, Johan Arrias (elected by the employees), Margrethe Bligaard
(elected by the employees). About TORM TORM is one of the world's
leading carriers of refined oil products as well as being a
significant participant in the dry bulk market. The Company
operates a combined fleet of 128 modern vessels, principally
through a pooling cooperation with other respected shipping
companies who share TORM's commitment to safety, environmental
responsibility and customer service. TORM was founded in 1889. The
Company conducts business worldwide and is headquartered in
Copenhagen, Denmark. TORM's shares are listed on the Copenhagen
Stock Exchange (ticker TORM) as well as on the NASDAQ (ticker
TRMD). For further information, please visit http://www.torm.com/.
Safe Harbor 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 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 future 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. Forward looking statements are based
on management's current evaluation, and TORM is only under
obligation to update and change the listed expectations to the
extent required by law. DATASOURCE: A/S Dampskibsselskabet TORM
CONTACT: Contact: A/S Dampskibsselskabet TORM, Tuborg Havnevej 18,
DK-2900, Hellerup, Denmark; Telephone: +45-72-27-00-00, N. E.
Nielsen, Chairman of the Board
Copyright