SFL - 2024 AGM Results Notification
April 29 2024 - 4:16PM
SFL - 2024 AGM Results Notification
SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”)
advises that the 2024 Annual General Meeting of the Company was
held on April 29, 2024, at 9:45 hours at Hamilton Princess and
Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited
consolidated financial statements for the Company for the year
ended December 31, 2023, were presented to the Meeting.
In addition, the following resolutions were
passed:
1. To set the
maximum number of Directors to be not more than eight.
2. To resolve that
vacancies in the number of Directors be designated as casual
vacancies and that the Board of Directors be authorised to fill
such vacancies as and when it deems fit.
3. To re-elect
Kathrine Fredriksen as a Director of the Company.
4. To re-elect Gary
Vogel as a Director of the Company.
5. To re-elect
Keesjan Cordia as a Director of the Company.
6. To re-elect James
O’Shaughnessy as a Director of the Company.
7. To re-elect Ole
Hjertaker as a Director of the Company.
8. To re-elect Will
Homan-Russell as a Director of the Company.
9. To re-appoint
Ernst & Young AS as auditors and to authorise the Directors to
determine their remuneration.
10. To approve the
remuneration of the Company’s Board of Directors of a total amount
of fees not to exceed US$800,000 for the year ended December 31,
2024.
April 29, 2024
The Board of DirectorsSFL Corporation
Ltd.Hamilton, Bermuda
About SFLSFL has a unique track
record in the maritime industry and has paid dividends every
quarter since its initial listing on the New York Stock Exchange in
2004. The Company’s fleet of vessels is comprised of tanker
vessels, bulkers, container vessels, car carriers and offshore
drilling rigs. SFL’s long term distribution capacity is supported
by a portfolio of long term charters and significant growth in the
asset base over time. More information can be found on the
Company's website: www.sflcorp.com
Cautionary Statement Regarding Forward
Looking StatementsThis press release may contain forward
looking statements. These statements are based upon various
assumptions, many of which are based, in turn, upon further
assumptions, including SFL management’s examination of historical
operating trends, data contained in the Company’s records and other
data available from third parties. Although SFL believes that these
assumptions were reasonable when made, because assumptions are
inherently subject to significant uncertainties and contingencies
which are difficult or impossible to predict and are beyond its
control, SFL cannot give assurance that it will achieve or
accomplish these expectations, beliefs or intentions.Important
factors that, in the Company’s view, could cause actual results to
differ materially from those discussed in the forward looking
statements include the strength of world economies, fluctuations in
currencies and interest rates, general market conditions in the
seaborne transportation industry, which is cyclical and volatile,
including fluctuations in charter hire rates and vessel values,
changes in demand in the markets in which the Company operates,
including shifts in consumer demand from oil towards other energy
sources or changes to trade patterns for refined oil products,
changes in market demand in countries which import commodities and
finished goods and changes in the amount and location of the
production of those commodities and finished goods, technological
innovation in the sectors in which we operate and quality and
efficiency requirements from customers, increased inspection
procedures and more restrictive import and export controls, changes
in the Company’s operating expenses, including bunker prices,
dry-docking and insurance costs, performance of the Company’s
charterers and other counterparties with whom the Company deals,
the impact of any restructuring of the counterparties with whom the
Company deals, and timely delivery of vessels under construction
within the contracted price, governmental laws and regulations,
including environmental regulations, that add to our costs or the
costs of our customers, potential liability from pending or future
litigation, potential disruption of shipping routes due to
accidents, political instability, terrorist attacks, piracy or
international hostilities, the length and severity of the ongoing
coronavirus outbreak and governmental responses thereto and the
impact on the demand for commercial seaborne transportation and the
condition of the financial markets, and other important factors
described from time to time in the reports filed by the Company
with the United States Securities and Exchange Commission. SFL
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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