Northern Ocean Ltd. (the “Company”) advises that the 2024 Annual General Meeting of the Shareholders of the Company was held on April 30, 2024 at 10:30 hrs at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2023 were presented to the Meeting.
In addition, the following resolutions were passed:
- To set the maximum number of Directors to be not more than eight.
- To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.
- To re-elect Gary W. Casswell as a Director of the Company.
- To re-elect James Ayers as a Director of the Company.
- To re-elect Sven Børre Larsen as a Director of the Company.
- To re-elect Mikhael Botbol as a Director of the Company.
- To re-elect Jan Erik Klepsland as a Director of the Company.
- To re-appoint PricewaterhouseCoopers of Oslo, Norway, as auditor and to authorize the Directors to determine their remuneration.
- To approve remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$400,000 for the year ended December 31, 2024.
April 30, 2024
The Board of Directors
Northern Ocean Ltd.
Hamilton, Bermuda