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UASC¡¯S SHAREHOLDERS¡¯ MEETING APPROVES AMENDMENTS TO THE COMPANY¡¯S ARTICLES OF ASSOCIATION

An Extraordinary General Meeting (EGM) of UASC¡¯s shareholders was held today in the company¡¯s corporate office in Dubai. The shareholders discussed and approved the proposed amendments to the company¡¯s Articles of Association.

While the shareholders¡¯ representatives at the EGM were generally supportive of the ongoing discussions with Hapag-Lloyd and recognized the strategic value of a potential combination of both businesses, no formal vote was held today on this topic since the full agreement has not been finalized. UASC and Hapag-Lloyd are continuing their discussions to reach an agreement on the envisaged combination, in which case, another EGM of the UASC shareholders will then be convened.


 

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