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UASC’s shareholders’ meeting approves amendments to the company’s Articles of Association

02-06-2016

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.