Knightsbridge Tankers Limited

September 26, 2011 03:38 ET

VLCCF - 2011 Annual General Meeting

HAMILTON, BERMUDA--(Marketwire - Sep 26, 2011) - Knightsbridge Tankers Limited (the "Company") advises that the 2011 Annual General Meeting of the Company was held on September 23, 2011 at 10:30 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. The following resolutions were passed:

1. To re-elect Ola Lorentzon as a Director of the Company.

2. To re-elect Douglas C. Wolcott as a Director of the Company.

3. To re-elect David M. White as a Director of the Company.

4. To re-elect Hans Petter Aas as a Director of the Company.

5. To re-elect Herman Billung as a Director of the Company.

6. To re-appoint PricewaterhouseCoopers AS as auditors and to authorize the Directors to determine their remuneration.

7. To increase the Company's authorized share capital from US$350,000.00 divided into 35,000,000 common shares of US$0.01 par value each (of which 24,425,699 are in issue) to US$500,000.00 divided into 50,000,000 common shares of US$0.01 par value each by the creation of 15,000,000 common shares of US$0.01 par value each.

8. That the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed US$500,000 be approved for the year ended December 31, 2011.

In addition, the audited consolidated financial statements for the Company for the year ended December 31, 2010 were presented to the Meeting.

Hamilton, Bermuda September 23, 2011

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Knightsbridge Tankers Limited via Thomson Reuters ONE

[HUG#1549715]

Contact Information

  • Inger Marie Klemp
    (CFO)
    +47 23 11 40 00