The 2011 AGM of Marine Harvest ASA was held Monday 9 May 2011. The proposals from the Board and the Nomination committee were adopted as proposed with two exceptions.
Under item 7, the Board revised its proposal for authority to increase the share capital. The original proposal for authority to increase the share capital by 10% was revised down to 5%. The revised proposal was resolved by the AGM.
Under item 8, the Board revised its proposal for authority to raise loans which give the creditors a right to demand the issue of shares as settlement. The original proposal was an authority with a limit for principal amount of NOK 3,500 million and a maximum number of shares in settlement of such loans of 700 million shares. In the revised proposal the amount was reduced to NOK 3,200 million and the maximum number of shares in settlement for such loans was reduced to 640 million. The revised proposal was resolved by the AGM.
The background for the two revisions was input provided to the Board from certain shareholder prior to the AGM on the overall level of authorisations with potential dilutive effects for shareholders.
The full minutes from the 2011 AMG will be made available Tuesday 10 May 2011.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.