AGM Information • Jan 4, 2022
AGM Information
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EKSTRAORDINÆR GENERALFORSAMLING I
Styret innkaller herved til ekstraordinær generalforsamling i Prosafe SE, org. nr. 823 139 772 ("Selskapet"), som avholdes kl 09:00 den 25. januar 2022 i Advokatfirmaet Schjødt AS' kontorer i Ruseløkkeveien 14 i Oslo, Norge. På grunn av den ekstraordinære situasjonen forårsaket av Covid-19 pandemien, og tatt i betraktning gjeldende reise- og møte-anbefalinger og restriksjoner, oppfordrer styret aksjonærer til å stemme elektronisk på forhånd eller å inngi fullmaktsskjemaer, og til å unngå å møte personlig. Selskapet vil forsøke å gjøre møtet tilgjengelig via videokonferanse. Ytterligere detaljer vil gjøres tilgjengelig på www.prosafe.com forut for møtet.
Styret har utpekt Glen Ole Rødland, eller noen utpekt av ham til å åpne generalforsamlingen.
Styret foreslår at generalforsamlingen fatter følgende vedtak: "Innkallingen og agendaen godkjennes."
Styret foreslår at Glen Ole Rødland velges som møteleder. En person som deltar på generalforsamlingen vil bli foreslått til å medundertegne protokollen.
UNOFFICIAL OFFICE TRANSLATION – IN CASE OF DISCREPANCY THE NORWEGIAN VERSION SHALL PREVAIL:
Til aksjonærene i Prosafe SE To the shareholders of Prosafe SE
The board of directors hereby calls for an extraordinary general meeting of Prosafe SE, reg. no. 823 139 772 (the "Company"), which will be held at 09:00 a.m. CET on 25 January 2022 at Advokatfirmaet Schjødt AS' offices at Ruseløkkveien 14 in Oslo, Norway. Due to the extraordinary situation caused by the Covid-19 pandemic, and in light of travel and meeting recommendations and restrictions currently in place, the board urges shareholders to vote electronically in advance or submit proxy forms, and to avoid attending the meeting in person. The Company will seek to make the proceedings available via video conference. Further details will be made available on www.prosafe.com prior to the meeting.
Følgende saker vil bli behandlet: The following matters will be considered:
The board of directors has appointed Glen Ole Rødland, or someone appointed by him to open the general meeting.
The board proposes that the general meeting makes the following resolution: "The notice and the agenda are approved".
The board proposes that Glen Ole Rødland is elected to chair the general meeting. One person attending the general meeting will be proposed to co-sign the minutes.
Som følge av en utfordrende finansiell situasjon har Prosafe-konsernet gjennomført en omfattende restrukturering med en betydelig gjeldsnedsettelse og balanserestrukturering ("Restruktureringen").
Restruktureringen har krevd utstedelse av et større antall aksjer med en utvanningseffekt som har ledet til en betydelig reduksjon i aksjeprisen i markedet
Ifølge løpende forpliktelser for børsnoterte selskaper skal kursverdien for selskapets aksjer ikke være lavere enn NOK 1. Kursverdien for Prosafe SEs aksjer er for tiden lavere enn minstekravet.
Styret foreslår å iverksette tiltak for å tilfredsstille minimumskravet til markedsverdi av utsteders aksjer for børsnoterte selskaper. En aksjespleis vil redusere antall utestående aksjer i markedet. Eksisterende aksjer konsolideres til færre, forholdsmessig mer verdifulle, aksjer, noe som resulterer i et løft til selskapets aksjekurs.
På denne bakgrunn har styret vedtatt å foreslå at generalforsamlingen fatter følgende vedtak:
I forlengelsen av styrets forslag som nevnt i punkt 5 ovenfor, foreslår styret at generalforsamlingen beslutter å endre § 4 første ledd i Selskapets vedtekter til å lyde som følger:
"Selskapets aksjekapital er EUR 439 934 950 fordelt på 8 798 699 aksjer hver pålydende EUR 50."
Styrets forslag til oppdaterte vedtekter som reflekterer ovennevnte, fremgår av Vedlegg 1 til denne
As a consequence of a challenging financial situation, the Prosafe group, has performed a significant deleveraging and balance sheet restructuring ("Restructuring").
The restructuring has required the issuance of a large number of shares with a dilution effect that has led to a significant reduction in the share price in the market.
According to continuing obligations for listed issuers of shares the market value of the issuer's shares shall not be lower than NOK 1. The market value Prosafe SE's shares is currently lower than the minimum requirement.
The board suggest implementing measures to satisfy the minimum requirement to market value of the issuer's shares for listed companies. A reverse stock split will reduce the number of outstanding shares in the market. Existing shares are consolidated into fewer, proportionally more valuable, shares, resulting in a boost to the company's stock price
Against this background, the board has resolved to propose that the general meeting passes the following resolution:
Further to the board's proposal referred to in item 5 above, the board proposes that the general meeting resolve to amend the first paragraph of Article 4 of the Company's articles of association to read as follows:
"The company's share capital is EUR 439,934,950 divided into 8,798,699 shares each with a nominal value of EUR 50."
The board's proposed new articles of association reflecting the abovementioned proposal are set out in
innkallingen. Dersom gjennomføringen av aksjespleisen krever mindre justeringer, skal Selskapets vedtekter justeres tilsvarende.
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På grunn av den ekstraordinære situasjonen forårsaket av Covid-19-pandemien, og tatt i betraktning gjeldende reise- og møte-anbefalinger og restriksjoner, oppfordrer styret aksjonærer til å stemme elektronisk på forhånd eller å inngi fullmaktsskjemaer, og til å unngå å møte personlig. Selskapet vil forsøke å gjøre møtet tilgjengelig via videokonferanse. Ytterligere detaljer vil gjøres tilgjengelig på www.prosafe.com forut for møtet.
En aksjonær som ønsker å delta på møtet må meddele Selskapet om at de ønsker å delta senest kl 09.00 den 24. januar 2022 ved å returnere vedlagte skjema.
En aksjonær som er berettiget til å delta og stemme på den ekstraordinære generalforsamlingen, enten personlig eller ved fullmakt, forespørres å fullføre deltakerskjemaet eller fullmaktsskjemaet (hvis uten stemmeinstruksjoner) vedlagt som Vedlegg 2, eller, hvis fullmakten skal gis med stemmeinstruksjoner, til å fullføre skjemaet vedlagt som Vedlegg 3. Vennligst returner deltaker- eller fullmaktsskjemaet, med eller uten stemmeinstruksjoner (sammen med underlagsdokumentasjon) innen kl 09.00 den 24. januar 2022, i samsvar med instruksjonene angitt i Vedlegg 2 eller 3. Fullmakt kan, hvis ønskelig, gis til Glen Ole Rødland (styreleder). En fullmektig trenger ikke å være aksjonær i Selskapet.
Aksjonærer som ikke er til stede på generalforsamlingen, personlig eller ved fullmakt, kan forut for generalforsamlingen også stemme på hvert agendapunkt via Selskapets nettside – www.prosafe.com eller via "VPS Investortjenester". (PIN-kode og referansenummer fra deltakerskjemaet er påkrevd). Fristen for forhåndsstemming er kl 09.00 den 24. januar 2022. Frem til fristen kan avgitte stemmer endres eller trekkes tilbake. Stemmer gitt forut for generalforsamlingen skal anses tilbaketrukket hvis en aksjonær deltar på generalforsamlingen, enten personlig eller ved fullmakt.
Appendix 1 to this notice. If the implementation of the reverse share split requires minor adjustments, the Articles of Association shall be adjusted accordingly.
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Due to the extraordinary situation caused by the Covid-19 pandemic, and in light of the travel and meeting recommendations and restrictions currently in place, the Board urges shareholders to submit proxy forms prior to the meeting, and to avoid attending the meeting in person. The Company will seek to make the proceedings available via video conference. Further details in this respect will be made available on www.prosafe.com prior to the meeting.
Shareholders who wish to attend the meeting must notify the Company of their intention to attend by 09.00 a.m. CET on 24 January 2022 by returning the enclosed form.
A shareholder entitled to attend and vote at the extraordinary general meeting either in person or by proxy is requested to complete the notice of attendance or proxy form (if without voting instructions) attached in Appendix 2, or if the proxy shall be given with voting instructions, then to complete the form attached in Appendix 3. Please return the notice of attendance or proxy form, with or without voting instructions (together with any supporting documents) by 09.00 a.m. CET on 24 January 2022, in accordance with the instructions set out in Appendix 2 or 3. Proxy may, if desirable, be given to Mr. Glen Ole Rødland (Chair). A proxy does not need be a shareholder of the Company.
Shareholders not present at the general meeting in person or by proxy may prior to the general meeting also cast votes on each agenda item via the Company's website - www.prosafe.com or via "VPS Investortjenester" (VPS Investor services). (PIN-code and reference number from the notice of attendance is required). The deadline for prior voting is 09.00 a.m. CET on 24 January 2022. Until the deadline, votes already cast may be changed or withdrawn. Votes already cast prior to the general meeting will be considered withdrawn in the event a shareholder attends the general meeting in person or by proxy.
En aksjonær kan ikke kreve nye punkter lagt til agendaen når fristen for slike forespørsler er utløpt, jf. allmennaksjeloven § 5-11. En aksjonær kan imidlertid foreslå et vedtak vedrørende punktene som skal vurderes av generalforsamlingen. En aksjonær kan i samsvar med allmennaksjeloven § 5-15 også kreve at styremedlemmer eller daglig leder gir nødvendig informasjon til generalforsamlingen som kan påvirke for eksempel godkjenningen av kapitalforhøyelsen, punktene som har blitt presentert for aksjonærene for avgjørelse og Selskapets finansielle posisjon.
_ _ _
Selskapet har for øyeblikket utstedt 8 798 699 789 ordinære aksjer, og hver aksje gir rett til å avgi en stemme på generalforsamlingen. For å være berettiget til å stemme på den ekstraordinære generalforsamlingen, må aksjonæren være registrert som eieren av aksjene i Selskapets aksjeeierbok i Verdipapirsentralen per 24. januar 2022.
Denne innkallingen, dens vedlegg og Selskapets vedtekter, er tilgjengelige på Selskapets internettside, www.prosafe.com fra datoen for denne innkallingen.
A shareholder cannot demand new items to be added to the agenda when the deadline for such request has expired, cf. section 5-11 of the Norwegian Public Limited Companies Act. A shareholder may, however, make proposals for a resolution regarding the items which will be considered by the general meeting. A shareholder may in accordance with section 5-15 of the Norwegian Public Limited Companies Act also require board members and the CEO to provide necessary information to the general meeting that may influence e.g. the approval of the share capital increase, the items which have been presented to the shareholders for decision and the Company's financial position.
_ _ _
The Company currently has 8,798,699,789 ordinary shares issued and outstanding, and each share confers the right to one vote at the general meeting. In order to be entitled to vote at the extraordinary general meeting, a shareholder must be registered as the legal owner of the shares in the register of shareholders of the Company with the Norwegian Central Securities Depositary (VPS) as of 24 January 2022
This notice, its appendices and the Company's Articles of Association, are available on the Company's website at www.prosafe.com from the date of this notice.
| VEDLEGG: Vedlegg 1: |
Forslag til nye vedtekter | APPENDICES: Appendix 1: |
Proposal for new articles of association |
|---|---|---|---|
| Vedlegg 2: | Registrerings- og fullmaktsskjema uten stemmeinstruksjoner |
Appendix 2: | Registration and proxy form without voting instructions |
| Vedlegg 3: | Registrerings- og fullmaktsskjema med stemmeinstruksjoner |
Appendix 3: | Registration and proxy form with voting instructions |
_ _ _
Stavanger, 4. januar 2022 / Stavanger, 4 January 2022
For og på vegne av styret i / For and on behalf of the board of
Prosafe SE
(org.nr. 823 139 772)
(25. januar 2022)
Selskapets forretningskontor er i Stavanger kommune i Norge. The registered office of the company is located in the
Prosafe SE skal eie og operere fartøy og annen offshore tonnage relatert til olje og gassvirksomhet, og kan utføre enhver aktivitet knyttet til eierskap og drift i denne forbindelse. Prosafe SE kan investere i selskaper innen samme eller andre sektorer.
Selskapets aksjekapital er EUR 439 934 950 fordelt på 8 798 699 aksjer, hver pålydende EUR 50.
Selskapets aksjer skal være registrert i Verdipapirsentralen.
Når to eller flere personer eier en aksje i fellesskap, skal den aksjeeieren med lengst ansiennitet basert på rekkefølgen aksjeeierne er ført opp i aksjeeierregistret, opptre som aksjeeier overfor selskapet på vegne av alle sameierne.
Selskapet er organisert i henhold til ettnivåsystemet etter SEforordningen artikkel 43 til 45.
Selskapets styre skal bestå av fra tre til syv medlemmer som er valgt for inntil to år av gangen.
Styresammensetningen skal være i samsvar med reglene i allmennaksjeloven og SE-loven med tilhørende forskrifter.
UNOFFICIAL OFFICE TRANSLATION – IN CASE OF DISCREPANCIES THE NORWEGIAN VERSION SHALL PREVAIL:
(reg. no. 823 139 772)
(25 January 2022)
§ 1 – Navn Article 1 – Name
Selskapets foretaksnavn er Prosafe SE. The business name of the company is Prosafe SE.
municipality of Stavanger in Norway.
Prosafe SE shall own and operate vessels and other offshore tonnage, related to oil and gas activities, as well as conduct any activity related to ownership and operation related to this. Prosafe SE may invest in companies within the same or other sectors.
The company's share capital is EUR 439,934,950 divided into 8,798,699 shares each with a nominal value of EUR 50.
The company's shares shall be registered with the Central Securities Depository.
When two or more persons hold the same share jointly, the more senior shareholder, based on the order in which the name of the shareholders stands in the register of shareholders, shall act as shareholder towards the company on behalf of all coowners.
The company is organised in accordance with the one-tier system in the SE Regulation art. 43 to 45.
The company's board of directors shall consist of between three and seven members who are elected for a term of up to two years.
The composition of the board shall be in accordance with the rules of the Public Limited Liability Companies Act and the SE
Selskapets firma tegnes av styret i fellesskap eller av styrets leder og daglig leder i fellesskap. Styret kan meddele prokura.
Dokumenter som gjelder saker som skal behandles i selskapets generalforsamling, herunder dokumenter som etter lov skal inntas i eller vedlegges innkallingen til generalforsamlingen, trenger ikke sendes til aksjeeierne dersom dokumentene er tilgjengelige på selskapets internettside. En aksjeeier kan likevel kreve å få tilsendt dokumenter som gjelder saker som skal behandles på generalforsamlingen.
Styret kan fastsette at aksjonærer skal kunne avgi sin stemme skriftlig, herunder ved bruk av elektronisk kommunikasjon, i en periode før generalforsamlingen. Styret kan fastsette nærmere retningslinjer for slik forhåndsstemming
Den ordinære generalforsamlingen skal behandle og avgjøre følgende:
Selskapet skal ha en valgkomité som består av to til tre medlemmer. Flertallet av medlemmene skal være uavhengige av styret og den daglige ledelse. Generalforsamlingen velger valgkomiteenes medlemmer, herunder valgkomiteens leder, for inntil to år av gangen.
Valgkomiteen skal avgi innstiling til valg av styreleder og andre medlemmer av styret, samt godtgjørelse til styrets medlemmer som kompensasjon for arbeid relatert til styrevervet.
Generalforsamlingen fastsetter godtgjørelse til medlemmene av valgkomiteen. Generalforsamlingen kan vedta instruks for valgkomiteen.
Selskapets regnskapsvaluta er USD.
For øvrig vises det til SE-loven og SE-forordningen. Reglene i allmennaksjeloven gjelder tilsvarende bare så langt de passer, og såfremt ikke noe annet følger av SE-forordningen, vedtekter gitt i medhold av SE-forordningen, eller SE-loven.
Act with corresponding administrative regulations.
The Board of Directors jointly or the Chairman of the Board and the CEO jointly are authorized to sign on behalf of the company. The Board of Directors may assign procuration.
Documents relating to matters to be dealt with by the company's general meeting, including documents which by law shall be included in or attached to the notice of the general meeting, do not need to be sent to the shareholders if such documents have been made available on the company's website. A shareholder may nevertheless request that documents that relates to matters to be dealt with at the general meeting, shall be sent to him/her.
The board may determine that shareholders shall be entitled to cast votes in writing, including by use of electronic means, in a period before the meeting. The board may set further guidelines for such advance voting
The annual general meeting shall discuss and decide upon the following:
The company shall have a nomination committee consisting of two to three members. The majority of the members shall be independent in relation to the board members and the company management. The general meeting will elect the members of the nomination committee, including the chairperson, for a term of up to two years.
The nomination committee shall give a proposal for chairperson and other members of the board of directors as well as remuneration to the board members related to the work as board member.
The general meeting determines the remuneration to the members of the nomination committee. The general meeting may adopt instructions for the nomination committee.
The company's accounting currency is USD.
The Norwegian SE Act and the SE Regulation apply to any other matters. The rules of the Norwegian Public Limited Liability Companies Act apply correspondingly only to the extent that they are appropriate, and unless otherwise provided by the SE Regulation, the Articles of Association issued pursuant to the SE Regulation, or the SE Act.
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Ref no: PIN code:
An Extraordinary General Meeting of PROSAFE SE will be held on 25 January 2022 at at 09.00 a.m. CET at Advokatfirmaet Schjødt AS' offices, Ruseløkkveien 14, 0201 Oslo, Norway
If the above-mentioned shareholder is an enterprise, it will be represented by:
_____________________________________________ Name of enterprise's representative (To grant a proxy, use the proxy form below)
The undersigned will attend the Extraordinary General Meeting on 25 january 2022 and vote for:
A total of ________________ Own shares ________________ Other shares in accordance with enclosed Power of Attorney ________________ Shares
This notice of attendance must be received by DNB Bank ASA no later than 09.00 a.m. CET on 24 January 2022.
Notice of attendance may be sent electronically through the Company's website www.prosafe.com or through VPS Investor Services. Advance votes may only be cast electronically, through the Company's website www.prosafe.com or through VPS Investor Services no later than 09.00 a.m. CET on 24 January 2022. To access the electronic system for notification of attendance and advance voting through the Company's website, the above-mentioned reference number and PIN code must be stated.
Notice of attendance may also be sent by e-mail: [email protected], or by regular mail to DNB Bank ASA, Registrar's Department, P.O.Box 1600 Sentrum, 0021 Oslo, Norway.
______________________________ ___________ ___________________________________________
Place Date Shareholder's signature (If attending personally. To grant a proxy, use the proxy form)
Ref no: PIN code:
This proxy form is to be used for a proxy without voting instructions. To grant a proxy with voting instructions, please complete Appendix 3.
If you are unable to attend the Extraordinary General Meeting in person, this proxy may be used by a person authorised by you, or you may send the proxy without naming the proxy holder, in such case, the proxy will be deemed to be given to the Chair of the Board of Directors or a person authorised by him.
The proxy form should be received by DNB Bank ASA, Registrar's Department no later than 09.00 a.m. CET on 24 January 2022.
The proxy may be sent electronically through Prosafe SE's website www.prosafe.com, or through VPS Investor Services. It may also be sent by e-mail to [email protected] or by regular mail to DNB Bank ASA, Registrar's Department, P.O.Box 1600 Sentrum, 0021 Oslo, Norway.
The undersigned: ___________________________________________________
A total of ________________ Own shares ________________ Other shares in accordance with enclosed Power of Attorney ________________ Shares
hereby grants (tick one of the two):
the Chair of the Board of Directors (or a person authorised by him), or
_____________________________________________
(Name of proxy holder in capital letters)
a proxy to attend and vote for my/our shares at the Extraordinary General Meeting of Prosafe SE on 25 January 2022.
______________________________ ___________ __________________________________________ Place Date Shareholder's signature (Signature only when granting a proxy)
Ref no: PIN code:
An Extraordinary General Meeting of PROSAFE SE will be held on 25 January 2022 at 09.00 a.m. CET at Advokatfirmaet Schjødt AS' offices, Ruseløkkveien 14, 0201 Oslo, Norway
If the above-mentioned shareholder is an enterprise, it will be represented by:
_____________________________________________ Name of enterprise's representative (To grant a proxy, use the proxy form below)
The undersigned will attend the Extraordinary General Meeting on 25 January 2022 and vote for:
A total of ________________ Own shares ________________ Other shares in accordance with enclosed Power of Attorney ________________ Shares
This notice of attendance must be received by DNB Bank ASA no later than 09.00 a.m. CET on 24 January 2022.
Notice of attendance may be sent electronically through the Company's website www.prosafe.com or through VPS Investor Services. Advance votes may only be cast electronically, through the Company's website www.prosafe.com or through VPS Investor Services no later than 09.00 a.m. CET on 24 January 2022. To access the electronic system for notification of attendance and advance voting through the Company's website, the above-mentioned reference number and PIN code must be stated.
Notice of attendance may also be sent by e-mail: [email protected], or by regular mail to DNB Bank ASA, Registrar's Department, P.O.Box 1600 Sentrum, 0021 Oslo, Norway.
______________________________ ___________ ___________________________________________
Place Date Shareholder's signature (If attending personally. To grant a proxy, use the proxy form)
Ref no: PIN code:
This proxy form is to be used for a proxy with voting instructions. To grant a proxy without voting instructions, please complete Appendix 2.
If you are unable to attend the Extraordinary General Meeting in person, this proxy may be used by a person authorised by you, or you may send the proxy without naming the proxy holder, in such case, the proxy will be deemed to be given to the Chair of the Board of Directors or a person authorised by him.
The proxy form must be received by DNB Bank ASA, Registrar's Department, no later than 09.00 a.m. CET on 24 January 2022. It may be sent by e-mail to [email protected] or by regular mail to DNB Bank ASA, Registrar's Department, P.O.Box 1600 Sentrum, 0021 Oslo, Norway.
The undersigned:__________________________________________________
| ____ | Own shares | |
|---|---|---|
| ____ | Other shares in accordance with enclosed Power of Attorney | |
| A total of | ____ | Shares |
hereby grants (tick one of the two):
the Chair of the Board of Directors (or a person authorised by him), or
____________________________________ Name of proxy holder (in capital letters)
a proxy to attend and vote for my/our shares at the Extraordinary General Meeting of Prosafe SE on 25 January 2022.
The votes shall be exercised in accordance with the instructions below. Please note that if any items below are not voted on (not ticked off); this will be deemed to be an instruction to vote "for" the proposals in the notice. However, if any motions are made from the floor in addition to or in replacement of the proposals in the notice, the proxy holder may vote or abstain from voting at his discretion. In such case, the proxy holder will vote on the basis of his reasonable understanding of the motion. The same applies if there is any doubt as to how the instructions should be understood. Where no such reasonable interpretation is possible, the proxy holder may abstain from voting.
| Resolution | For | Against | Abstain | ||
|---|---|---|---|---|---|
| 1. | Opening of the general meeting | No voting | |||
| 2. | Registration of attending shareholders and proxies | No voting | |||
| 3. | Approval of the notice and the agenda of the meeting | | | | |
| 4. | Appointment of the Chairperson of the Extraordinary General Meeting and one person to co-sign the minutes |
| | | |
| 5. | Approval of reverse share split, including approval of share capital decrease – adjustment according to changed nominal value of the shares and approval of authorisation to the Board of Directors to organize the practical follow-up of the reverse share split and facilitate implementation. |
| | | |
| 6. | Amendment of the Articles of Association | | | |
______________________________ __________ ______________________________________________
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