FAIRSTAR HEAVY TRANSPORT N.V. 2011 Annual General Meeting of Shareholders approves all Resolutions
Fairstar Heavy Transport N.V. (FAIR) held its 2011 AGM in Rotterdam. Just over
eighty percent of the company's issued shares were voted either by proxy or in
the person of shareholders who attended the meeting. All of the resolutions on
the agenda were approved.
The Chairman of the Supervisory Board Frits van Riet, who was re-elected to
serve an additional four year term stated, "I would like to thank our
shareholders for their participation in the 2011 AGM. 80% of our total shares
were represented at the Meeting. Our shareholders are active, well informed and
supportive of Fairstar's clearly stated strategic agenda for the future. We
believe the Fairstar "Red Box Strategy", focussing on high value, multi voyage
energy infrastructure projects will generate significant and consistent returns
for our company in the next five years. 2011 is a critical year for our company
as we prepare ourselves for Gorgon and a host of other multi-billion dollar
energy projects now in the final stage of tender. Our Management Team has done
an outstanding job building the foundation for our future. Fairstar is well on
the way to establishing itself within the EPC community as the leading provider
of safe and secure marine heavy transport services for major onshore and
offshore energy projects. The endorsement and support of our shareholders as we
grow will be rewarded for many years to come."
For further information please contact:
Philip Adkins, CEO (philip.adkins@fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10-403 5333
***
Profile Fairstar Heavy Transport
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport
solutions, specializing in high-value cargoes for the offshore and onshore
energy and construction industries. Fairstar owns and operates two of the most
modern semi-submersible heavy transport ships in the global fleet, FJORD and
FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are
currently under construction with Guangzhou Shipbuilding International in China
and will be owned and operated by Fairstar when they are delivered in 2012.
Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker:
FAIR).
First Quarter Report 2011:
http://hugin.info/143837/R/1508421/443268.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1508421]
