The 2008 Annual General Meeting (AGM) of Hf. Eimskipafélag Íslands will be held
at Hilton Reykjavik Nordica, Sudurlandsbraut 2 at 5 pm GMT on Tuesday 18th of
March 2008.
Agenda
1. The report of the Board of Directors on the activities of the company during
the preceding year of operation.
2. Submission of the Annual Accounts for the preceding year of operations.
3. Decision concerning the allocation of the company's losses of the preceding
accounting year.
4. Decision on the remuneration of board members for the upcoming year of
operation.
5. Motions to amend the company's Articles of Association.
a. Proposal to amend Article 19.
New 1st paragraph: “The company's board shall consist of five members, chosen
annually at the general meeting, as well as two reserve members, chosen at the
same meeting”.
b. Proposal to amend article 21.
Instead of “two board members”, let the paragraph say “the majority of board
members”.
c. Proposal to amend article 4.
New 1st paragraph: “The company's board of Directors has the authority to
decide, should it be in the best interests of the company, to issue stocks in a
foreign currency, instead of ISK, in accordance to article 1 of the Act of
Public Limited Companies, no. 2/1995. The recalculation of stocks shall abide
to the laws on annual accounts no. 3/2006, according to paragraph 5, article 1
of the Act of Public Limited Companies no. 2/1995. The board shall allow
necessary changes, leading from the issuance of stocks in a foreign currency,
in the company's agreements. This includes amending the amounts in paragraph 1
of article 3 of the company's agreements and concern the amendment.
6. Election of the Board of Directors.
7. Election of an Auditor.
8. Proposal to authorize the Company to purchase own shares.
9. Other matters lawfully submitted.
Proposals from shareholders for presentation on the AGM must reach the board of
directors no later than seven days before the AGM.
Those making themselves available for the Company's Board of Directors shall
give notice thereof in writing to the Board no later than March 13th, at 5 pm
GMT. Declarations of candidacy should be submitted in writing to the office of
the CEO of Eimskip, Korngardar 2-4, Reykjavík, Iceland.
The meeting's schedule, finalized proposals and the consolidated financial
statement will be accessible from the company's offices 7 days before the
meeting
Ballots and other material will be distributed at the entrance from 4 pm GMT on
the day of the meeting.
HF. Eimskipafélag Íslands Board of Directors.
Further information:
Dogg Hjaltalin, Director Investor Relations, tel: +354 825 7225
