FRO - 2009 Annual General Meeting
Frontline Ltd. (the "Company") advises that the 2009 Annual General
Meeting of the Company was held on September 25, 2009 at 10:00 a.m.
at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.
The following resolutions were passed:
1) To set the maximum number of Directors to be not more than
eight.
2) That vacancies in the number of Directors be designated casual
vacancies and that the Board of Directors be authorized to fill such
casual vacancies as and when it deems fit.
3) To re-elect John Fredriksen as a Director of the Company.
4) To re-elect Kate Blankenship as a Director of the Company.
5) To re-elect Frixos Savvides as a Director of the Company.
6) To re-elect Kathrine Fredriksen as a Director of the Company.
7) To approve a share option plan (the "Share Option Plan"), the
rules of which allow the Company to offer eligible persons the right
(but not obligation) to subscribe for shares in the Company (an
"Option") at a price fixed at the date of granting the Option
although the Option could be exercised at some date in the future in
accordance with the terms of the Share Option Plan and the specific
terms applied at the date of grant.
8) To appoint PricewaterhouseCoopers AS of Oslo, Norway as
auditors and to authorise the Directors to determine their
remuneration
9) That the remuneration payable to the Company's Board of
Directors of a total amount of fees not to exceed US$400,000.00 be
approved for the year ended December 31, 2009.
In addition, the audited consolidated financial statements for
Frontline Ltd. for the year ended December 31, 2008 were presented to
the Meeting.
Hamilton, Bermuda
September 25, 2009
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
