Saga Tankers ASA : Summons to Extraordinary General Meeting
(Oslo, 21 December 2017) Saga Tankers ASA ("Saga", OSE: SAGA) summons to
Extraordinary General Meeting with proposal to elect Ernst & Young AS as new
Saga will hold an Extraordinary General Meeting on 17 of January 2018 at 10.00
CET in its premises at Sjølyst Plass 2 ,0278 Oslo, 6th floor.
Pursuant to the Company's increase in investment of SD Standard Drilling Plc,
combined with the Company's distribution of MNOK 391 to its shareholders - the
SD Standard Drilling Plc investment has become a substantial part of the
Company's total assets.
As the Company's current auditor, Deloitte, has a contract for delivering a
range of services to SD Standard Drilling Plc through its Cyprus office,
Deloitte will no longer be able to render audit services to the Company, and
will have to resign as auditor for Saga Tankers ASA.
The Company therefore summon to an Extraordinary General Meeting to vote over a
proposal to elect Ernst & Young AS as the new auditor of the Company.
Shareholders may submit their votes electronically in advance. Please see the
instructions in the enclosed notice.
Please find enclosed the notice for the extraordinary general meeting. The
notice and corresponding attachments will also be available at the Company's
website www.sagatankers.no under "Investor Relations".
For further information please contact:
CEO Espen Lundaas Tel +47 924 31417
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.