Nordic Shipholding A/S
Company Announcement No. 8/2014

DGAP-News: Nordic Shipholding A/S /

15.04.2014 / 12:22

---------------------------------------------------------------------

15 April 2014

NORDIC SHIPHOLDING A/S

Company Announcement No. 8/2014

Course of the annual general meeting of Nordic Shipholding A/S, 15 April 2014

Today, Tuesday, 15 April 2014, Nordic Shipholding A/S held its annual general
meeting with the agenda published in the notice convening the meeting dated 24
March 2014. 



It was resolved to let the company's annual reports from the financial year
2013 be prepared and presented in English. 



The annual report for 2013, the remuneration of the board for 2013, and the
board's proposal on the application of the result was approved. 



At the board's proposal, the company's management and board of directors were
granted discharge, and the special reserve fund established in connection with
the capital decrease approved on 5 November 2010 was dissolved. 



The board's remuneration for 2014 was approved.



At the board's suggestion, Knud Pontoppidan, Kristian Mørch, Anil Gorthy, Jon
Lewis, and Philip Clausius were re-elected as members of the board. 



PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-elected
as the company's auditor. 



The following proposals from the board were adopted by the general meeting:



  -- Authorisation to the board of directors to increase the company's share
     capital in one or more issues by up to a total nominal amount of DKK
     40,650,000 with pre-emptive subscription rights for the company's existing
     shareholders.
  -- Authorisation to the board of directors to increase the company's share
     capital in one or more issues by up to a total nominal amount of DKK
     20,325,000 without pre-emptive subscription rights for the company's
     existing shareholders.
  -- The aggregate nominal value of any shares issued pursuant to the
     authorisations to increase the share capital shall not exceed DKK
     40,650,000.
  -- Authorisation to the board of directors 
to raise loans on one or more occasions for a total loan amount of DKK
     500,000,000 with pre-emptive subscription rights for the company's existing
     shareholders against the issuance of debt instruments convertible into
     shares.
  -- Authorisation to the board of directors 
to raise loans on one or more occasions for a total loan amount of DKK
     250,000,000 without pre-emptive subscription rights for the
company's existing shareholders against the issuance of debt instruments
     convertible into shares.
  -- The aggregate principal amount of any convertible debt instruments issued
     pursuant to the authorisations to raise loans shall not exceed DKK
     500,000,000.
  -- Authorisation to the board of directors, on one or more occasions, to issue
     warrants to subscribe for shares having a total nominal value of DKK
     40,650,000 with pre-emptive subscription rights for the company's existing
     shareholders.
  -- Authorisation to the board of directors, on one or more occasions, to issue
     warrants to subscribe for shares having a total nominal value of DKK
     20,325,000 without pre-emptive subscription rights for the company's
     existing shareholders.
  -- The aggregate nominal value of any new shares issued upon exercise of
     warrants issued pursuant to the authorisations to issue warrants shall not
     exceed DKK 40,650,000.
  -- Implementation of electronic communication in the communication with the
     company's shareholders.
  -- Approval of a new remuneration policy for the board of directors and
     executive management.
  -- Existing guidelines for incentive based remuneration of the board of
     directors and executive
 management were repealed. 



In addition to this, the annual general meeting approved the board's proposals
on various technical amendments to the articles of association. 



The board was authorized to let the company acquire up to 10 % of the company's
treasury shares at a price corresponding to the listed price at the time of the
acquisition with a deviation of up to 10 % as well as to let the company
declare extraordinary dividends. 



At a subsequent board meeting, the board of directors appointed Knud
Pontoppidan as chairman and Jon Lewis as deputy chairman. 







Copenhagen, 15 April 2014





Kind regards,



Knud Pontoppidan, Chairman of the board of directors, Nordic Shipholding A/S:
+45 4058 3640.
News Source: NASDAQ OMX


End of Corporate News

---------------------------------------------------------------------

15.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                 
Company:     Nordic Shipholding A/S  
 
 
             Denmark                 
ISIN:        DK0060083996            
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
263312 15.04.2014