Following the recommendation of the Executive Board and the Supervisory Board, the shareholders of Marenave Schiffahrts AG, a joint stock corporation under German law, resolved at the Annual General Meeting on June 15, 2011 to carry forward the net retained profits of EUR 9.8 million as of December 31, 2010 to new account. Moreover, the Executive Board was authorized to issue participation certificates ("Genussrechte") within the next five years.
The Annual General Meeting of Marenave Schiffahrts AG (the "AG") held on June 15, 2011 adopted resolutions of significance for the Company aimed at improving future use of the capital markets
The Annual General Meeting of Marenave Schiffahrts AG (the "AG") held on June 15, 2011 adopted resolutions of significance for the Company aimed at improving future use of the capital markets
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