4/30/2012 8:30 AM
At the Annual General Meeting of Rederi AB TransAtlantic on April 27, 2012, it was resolved, in accordance with the proposal from the Board of Directors and the President that no dividend will be paid to shareholders; instead, all profits at the disposal of the Annual General Meeting will be carried forward.
The income statements and balance sheets for the Group and Parent Company were adopted. The Board of Directors and the President were discharged from liability for the 2011 financial year.
Christen Sveaas, Håkan Larsson, Folke Patriksson, Magnus Sonnorp and Henning Jensen were re-elected as Board members. It was noted that Christer Olsson had declined re-election.
Christen Sveaas was re-elected as Chairman of the Board and Folke Patriksson was re-elected as Deputy Chairman. As earlier, Christer Lindgren represents the SEKO Seafarers trade union on the Board.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to elect the authorized audit firm of Öhrlings PricewaterhouseCoopers AB as auditor, with a mandate period ending with the 2013 Annual General Meeting. Öhrlings PricewaterhouseCoopers AB intends to appoint the authorized public accountant Olof Enerbäck as auditor in Charge.
Fees to Board members were established at the same level as 2011, to be distributed among members as follows; the Chairman of the Board will receive SEK 400,000 and SEK 200,000 will be paid to each remaining Board member. Fees to the auditors shall be paid on account.
The Annual General Meeting resolved, in accordance with the proposal of the Nomination Committee, that the company shall have a Nomination Committee consisting of four members. The members shall comprise one representative of each of the three largest shareholders or owner groups at the end of the third quarter 2012, besides the Chairman of the Board of Directors.
Guidelines for remuneration of senior executives were adopted in accordance with the proposal of the Board of Directors.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to approve Österströms Rederi Aktiebolag’s divestment of all shares in MultiDocker Cargo Handling AB to Skärgårdshavet AB. Österströms Rederi Aktiebolag is an indirect wholly-owned subsidiary of Rederi AB TransAtlantic.
Due to current economic conditions, the Chairman of the Board informed that the contemplated split of the Group is postponed and estimated to take place at the earliest in 2013.
For further information, please contact Head of Corporate Communications, Carina Dietmann, ph +46 31 763 2334.
Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The fleet consists of 62 vessels and the company has about 850 employees. The turnover in 2011 was MSEK 2,989. The Industrial Shipping business area consists of five divisions: Bulk, Container, RoRo Baltic, Short Sea Bulk and Integrated Logistics. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment. www.rabt.se
TransAtlantic is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on April 30, 2012 at 08.30 am.