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COPENHAGEN, Denmark, March 15, 2013 (GLOBE NEWSWIRE) --
Attention: Shareholders in TORM A/S
Hellerup, 15 March 2013 Annual General Meeting in TORM A/S - 11 April 2013
Shareholders in TORM A/S are hereby invited to the Annual General Meeting (AGM) on Thursday, 11 April 2013 at 10:00 am CET at Radisson Blu Falconer Hotel, Falkoner Alle 9, DK-2000 Frederiksberg.
Agenda and complete proposals
The agenda and complete proposals from the Board of Directors are enclosed.
The Board of Directors would like to highlight proposal 7.b. regarding an authorization to terminate the Company's American Depositary Receipt ("ADR") program and in this connection allow the Company to acquire own shares as well as delist the Company's American Depository Shares ("ADS") from Nasdaq Capital Market, USA, and deregister the Company's securities under the U.S. Securities Exchange Act of 1934, as amended. The Board of Directors finds that it would be in the interest of the Company due to the limited size of the ADR program and the costs involved with a listing on Nasdaq and the reporting and filing obligations under the U.S. Exchange Act. The ADR program represents approximately 0.5% of the Company's total share capital, following the capital increase carried out in connection with the Company's restructuring in November 2012.
Introduction of electronic communication
The Board of Directors has decided to exercise the authorization to introduce electronic communication with effect from 12 April 2013. TORM has enclosed a separate form on this matter and will also make information available about the procedures for the use of electronic communication on the Company's website
The Board of Directors hopes that you as a shareholder will support TORM by participating in the AGM or by submitting your vote either by proxy or postal vote.