Viking Supply Ships

At the Annual General Meeting in Viking Supply Ships AB (publ) held on 26 April 2023 in Gothenburg, principally the following was resolved.

No dividend is to be paid for the fiscal year 2022 and the profits were carried forward to the new accounts.

The group’s and the company’s income statement for the financial year 1 January–31 December 2022, and the balance sheet as of 31 December 2022 were adopted. The board members and the CEO were discharged from liability for the financial year of 2022.

It was resolved, in accordance with the proposal of the Nomination Committee, to re-elect Bengt A. Rem (Chairman), Kristoffer Sandaker, Håkan Larsson and Magnus Sonnorp as ordinary board members for a period until the end of the next Annual General Meeting. It was resolved, in accordance with the proposal of the Nomination Committee, to elect Petter Orvefors as a new board member for a period until the end of the next Annual General Meeting.

It was resolved, in accordance with the proposal of the Nomination Committee, to re-elect the audit firm Rödl & Partner Nordic AB as auditor, for a period until the end of the next Annual General Meeting. The authorized public accountant Mathias Racz will continue as the auditor in charge.

The Annual General Meeting resolved, in accordance with the Nomination Committee’s proposal, that remuneration to the board of directors shall be unchanged with SEK 300,000 to the Chairman of the Board of Directors and SEK 200,000 to each of the other members of the Board of Directors elected by the General Meeting. Remuneration to the auditor was resolved to be paid in accordance with approved invoices.

The Annual General Meeting resolved, in accordance with the proposal of the Nomination Committee, that the principles for the appointment of the Nomination Committee and the instruction for the Nomination Committee, which were adopted at the 2020 Annual General Meeting, and which have been adopted unchanged at every Annual General Meeting since then, are adopted unchanged and to apply until further notice.

The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to approve a related party transaction regarding a consultancy agreement with two companies that are closely related to the company's principal shareholder Kistefos AS. According to the agreement, Kistefos Corporate AS och Kistefos Financial Advisors AS shall have the right to receive a fee for brokering the charter agreement and the financing for the transaction that the company entered into with Ocean Yield AS (which was announced through a press release on 14 March this year). As consideration for services rendered under the agreement, the Kistefos-companies shall receive a fee in line with market conditions, which shall be paid by way of set-off against newly issued shares of series B in the company. The fee to be paid under the agreement is in total estimated to amount to approximately USD 2.8 million.

The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, on a targeted new issue with payment by way of set-off to Kistefos Corporate AS och Kistefos Financial Advisors AS of not more than 390,000 shares of series B, entailing an increase of the share capital by a maximum of SEK 12,404,074.132514 as payment of the consideration in accordance with the related party transaction approved by the general meeting. The subscription price for each new shares of series B shall amount to the volume-weighted average price of the company's shares of series B on Nasdaq First North Growth Market during the five trading days following the presentation of the company’s interim report for the period January–March 2023.