Philly Shipyard ASA: Distribution of extraordinary dividend; Minutes of extraordinary general meeting

9/12/2016, 5:15 PM (Source: GlobeNewswire)

Philly Shipyard ASA (the "Company") has today held an extraordinary general meeting regarding the Board of Directors' proposal to pay an extraordinary dividend of USD 3.00 per share. The extraordinary general meeting approved the Board of Directors' proposal. The minutes from the general meeting are attached in Norwegian and English.

For key information about the extraordinary dividend, please see the Company's stock exchange release of August 19, 2016.

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Philly Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market.  It possesses a state-of-the-art shipbuilding facility and has earned a reputation as the preferred provider of oceangoing merchant vessels with a track record of delivering quality ships. Philly Shipyard is listed on the Oslo Stock Exchange and is majority-owned by Aker Capital II AS, which in turn is owned by Aker ASA. Aker is a Norwegian industrial investment company that creates value through active ownership. Aker's investment portfolio is concentrated on key Norwegian industries that are international in scope: oil and gas, fisheries and biotechnology, and marine assets. Aker's industrial holdings comprise ownership interests in Aker Solutions, Kvaerner, Det norske oljeselskap, Aker BioMarine, Ocean Yield and Akastor.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




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Source: Philly Shipyard ASA via Globenewswire

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