VLCCF – 2011 Annual General Meeting
26.09.2011
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:
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To re-elect Ola Lorentzon as a Director of the Company.
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To re-elect Douglas C. Wolcott as a Director of the Company.
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To re-elect David M. White as a Director of the Company.
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To re-elect Hans Petter Aas as a Director of the Company.
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To re-elect Herman Billung as a Director of the Company.
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To re-appoint PricewaterhouseCoopers AS as auditors and to authorize the Directors to determine their remuneration.
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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.
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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