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Annual General Meeting & Article of Association

Annual General Meeting

The Annual General Meeting, consisting of the Company owner’s representatives, is Containerships plc’s highest decision-making body and decides matters defined in the Finnish Limited Liability Companies Act and the Company’s Articles of Association. The Annual General Meeting decides on the adoption of the financial statements and disposal of profit, the discharge of the Board of Directors and the CEO from liability, as well as the election of Board members and the auditor and their fees. Also amendments to the Articles of Association, decisions to buy the Company’s own shares, share issues and option schemes, and the Board’s authorisation to decide these also fall within the remit of the General Meeting.

Containerships plc’s General Meetings are held in the Company’s domicile in Helsinki and are convened by the Board of Directors. The Annual General Meeting is held annually within six months of the close of the financial year. If the Board deems it necessary or if otherwise required by law, an Extraordinary General Meeting may be convened to consider a specific matter.

Under the Finnish Limited Liability Companies Act, a shareholder has the right to have a matter falling within the competence of the General Meeting considered at the General Meeting, if the shareholder so requests in writing from the Board of Directors in good time prior to the meeting to allow the matter to be included in the notice of the meeting concerned. A request will be deemed to have been made in time if the Board of Directors has been notified of the request by no later than two weeks before the notice of the meeting is given.

Notices of a General Meeting must be sent to shareholders in writing no earlier than four weeks and no later than one week before the General Meeting to the shareholder’s address stated in the share register or by some other verifiable means of delivery.

A shareholder is eligible to attend a General Meeting if he or she has been registered as a shareholder in the shareholder register eight working days before a General Meeting and if he or she has notified the Company that he or she intends to attend the meeting in the notice of the General Meeting. A shareholder may attend a General Meeting either in person or by proxy. All shareholders have right to ask questions and make decision proposals about matters being considered. Bond holders do not have a right to attend General Meetings.

Owners of Containerships plc consist of Container Finance Ltd Oy, which owns 98% Containerships plc’s shares, and Kari-Pekka Laaksonen, CEO of Containerships plc, who owns 2% of the Company’s shares.

Decisions of the Annual General Meeting:

Annual General Meeting 7th June 2017 (Translation of the original transcript)

Article of Association

Click on the link for Containerships’ Article of Association

Article of Association