AMSC ASA - AGM Information 2022 | FinancialReports.eu

American Shipping Company ASA - Minutes from extraordinary general meeting 2022

The extraordinary general meeting of American Shipping Company ASA as called for

on 15 September 2022, was held today, 6 October 2022, as a digital meeting with

online participation. All resolutions were made in accordance with the proposals

set out in the meeting notice, including the i) share capital increase for

Tranche 2 of the Private Placement as announced on 15 September 2022, ii)

authorization to the board of directors to increase the share capital in

connection with future investments, and iii) change of company name from

American Shipping Company ASA to AMSC ASA.

The minutes of the meeting are attached in Norwegian and English and available

on www.americanshippingco.com.

Company contacts:

Pål Magnussen, Chief Executive Officer

+47 24 13 00 04

Morten Bakke, Chief Financial Officer

+47 24 13 00 87

Leigh Jaros, Controller

+1 484 880 3741

About American Shipping Company ASA:

Established in 2005 and listed on the Euronext Oslo Stock Exchange, AMSC is a

ship owning company with nine modern handy size product tankers, one modern

handy size shuttle tanker and one subsea construction vessel on bareboat

charters with various counterparties. AMSC has a significant contract backlog,

as well as profit sharing agreements with Overseas Shipholding Group, Inc. and

Keystone Shipping Co., which offers visibility with respect to future earnings

and potential dividend capacity. The Company has an ambition to pay attractive

dividends to its shareholders. Further information is available at

www.americanshippingco.com.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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