News
21.11.2006
Avion Group - Results of shareholders meeting held November 21, 2006
The proposals submitted at shareholders meeting of the company on November 21, 2006 were approved.
The following matters were on the agenda:
1. Following amendments will be made to the company’s Articles of Association:
a. An amendment to Article 1 changing the company’s name to Hlutafélagið Eimskipafélag Íslands (Hf. Eimskipafélag Íslands).
b. An amendment to Article 4 to authorize the Board of Directors to take on credit with special conditions according to Chapter VI of the Act respecting Public Limited Companies no. 2/1995. The Board of Director is authorized to take a loan up to the amount of CDN$ 100,000,000 with 15% fixed annual interest that can be converted into shares in the company. The creditors shall be authorized to convert the loan at any time from its date of issuance until December 31st 2011. The Board of Directors shall be authorized to increase the share capital in the company by up to the nominal amount of ISK 200,000,000 to meet these obligations. The shareholders’ priority right shall not apply to this increase.
c. An amendment to Article 4 to authorize the Board of Directors to increase the company’s share capital. The current authorization of the Board of Directors to increase the share capital by up to ISK 206,400,865 will be increased by ISK 200,000,000 or up to ISK 406,400,865 which the Board of Directors may utilize in steps in the following five years. The shareholders’ priority right does not apply to this increase.
The following persons will serve as members of the Board of Directors until the Annual General Meeting 2007.
Magnús Þorsteinsson, kt. 061261-5409
Gunnar M. Bjorg, kt. 280639-2069
Eggert Magnússon, kt. 200247-3299
Sindri Sindrason, kt. 200852-3970
Þór Kristjánsson, kt. 130764-3559Back