The shareholders in Philly Shipyard ASA are invited to attend the annual general meeting (AGM) to be held on Thursday April 5, 2018 at 12:00h (CET) at Advokatfirmaet BAHR AS, Tjuvholmen allé 16, 0252 Oslo, Norway.
Please find attached the following documents:
1. AGM documents, which includes the AGM notice, attendance form, proposed resolutions, nomination committee recommendations, and guidelines for remuneration to executive management.
2. The 2017 Annual Report for Philly Shipyard ASA
The company's 2017 Annual Report shows net income for 2017 of USD 67.2 million. In comparison, the company's Q4 2017 Report showed a preliminary net income for 2017 of USD 68.0 million. The reduction of net income for 2017 is due to recognition of deferred transaction cost of USD 0.8 million (net of tax effect) in the company's equity-accounted investment in Philly Tankers.
The attachments, as well as the registration link, will also be made available on the company's webpage, www.phillyshipyard.com.
