Shareholders
The share capital of Danish Ship Finance amounts to DKK 333.3 million, which is divided into two share classes. A shares with a nominal value of DKK 300.0 million. B shares with a nominal value of DKK 33.3 million (held by The Danish Maritime Fund).
At general meetings, each A share of DKK 1 carries ten votes, and each B share of DKK 1 carries one vote.
Shareholders
The following shareholders hold at least 5% of the total voting rights or own at least 5% of the shares:
- Magellan Capital Holdings PLC (75.42%)
- AX IV HoldCo A/S (14.49%)
- The Danish Maritime Fund (10.00%)
Annual General Meeting
Notice of Annual General Meeting of Danish Ship Finance A/S
Pursuant to Article 4 of the Articles of Association, notice is hereby given of the Annual General Meeting of Danish Ship Finance A/S to be held on 20 March 2025 at 1:00pm at the company address, Sankt Annae Plads 3, Copenhagen K.
A G E N D A
- The Board of Directors’ report of the activities in Danish Ship Finance in 2024.
- Submission of Annual Report 2024 for adoption.
The Board of Directors proposes that the general meeting adopt the Annual Report 2024.
- Submission of Remuneration Report 2024 for an advisory vote.
The Board of Directors proposes that the general meeting approves the Remuneration Report 2024 by advisory vote. The report is provided as Annex 1 to this agenda.
- Grant of discharge to the Board of Directors and the Executive Board.
The Board of Directors proposes that discharge be granted to the Board of Directors and the Executive Board.
- Proposal for allocation of profits according to the adopted Annual Report.
The Board of Directors proposes that dividend in the amount of DKK 225,840,000.00 be paid on A shares, equivalent to DKK 0.7528 per share of DKK 1.
In accordance with Article 3.9.2 of the Articles of Association, dividend in the amount of DKK 62,150,001.24 will be paid on B shares, equivalent to DKK 1.8645 per share of DKK 1.
- Resolutions proposed by the Board of Directors and shareholders.
No proposals submitted.
- Election of members to the Board of Directors.
Pursuant to Article 5.2 of the Articles of Association, the Board of Directors is elected for a term of one year. Members are eligible for re-election.
The Board of Directors proposes the re-election of:
Eivind Kolding
Peter Nyegaard
Ahmed Omar
Omar Elali
Christian Frigast
Thor Jørgen Guttormsen
Jacob Meldgaard
Annex 2 contains detailed information about the candidates.
- Appointment of external auditor.
Pursuant to Article 9.2 of the Articles of Association, the General Meeting elects the company’s auditor for a term of one year. The General Meeting may elect one or more auditors.
The Board of Directors proposes re-election of Ernst & Young Revisionspartnerselskab as external auditors in line with the recommendation of the Audit Committee. The Audit Committee’s recommendation is free from influence from third parties and no clauses restricting the choice by the general meeting to certain categories or lists of statutory auditors or audit firms have been imposed upon the Audit Committee.
- The Board of Directors’ proposal for adjustments to the Remuneration Policy.
The Board of Directors’ proposal appears from “Remuneration Policy 2025”. The policy is provided as Annex 3 to this agenda.
The Board of Directors proposes that “Remuneration Policy 2025” be adopted.
- Authorisation of the chairman of the meeting
The Board of Directors proposes to authorise the chairman of the meeting – with the power of delegation – to notify the Danish Business Authority of the resolutions adopted and to make such changes and additions as may be required by the Danish Business Authority or other public authorities.
- Any other business.
The agenda, the remuneration policy and the audited Annual Report 2024 will be available on the company’s website at www.shipfinance.dk no later than two weeks before the General Meeting.
Please be advised that the General Meeting will, if possible, be held on the basis of proxies granted by the company’s shareholders. Therefore, shareholders need not attend the General Meeting in person.
A form of proxy is provided as Annex 4. Shareholders who want to use the form must complete and return it by e-mail to nmk@shipfinance.dk no later than 15 March 2025.
Shareholders who do not want to grant a proxy, but prefer to attend the General Meeting in person, must request an admission card no later than 15 March 2025. Admission cards are available on request to Ninna Kristensen, tel. 3374 1016, or by e-mail to nmk@shipfinance.dk. If requesting admission cards, please state whether you wish to bring an advisor to the General Meeting.