Golar LNG Limited: 2020 AGM Results Notification

Rhea-AI Summary

Golar LNG Limited held its 2020 Annual General Meeting on September 24, 2020, in Hamilton, Bermuda, where key financial statements for FY 2019 were presented. The meeting resulted in the re-election of several directors, including Tor Olav Trøim and Daniel Rabun. Additionally, amendments were made to the Company’s Bye-law 58 regarding meeting quorum. Ernst & Young LLP was re-appointed as auditors, with directors authorized to determine their remuneration. The total remuneration for the Board of Directors was approved, capped at US$1,750,000 for 2020.

Positive

• Re-election of multiple directors ensures continuity in leadership.
• Approval of remuneration for the Board signals commitment to management.

Negative

• None.

Golar LNG Limited (the “Company”) advises that the 2020 Annual General Meeting of the Company was held on September 24, 2020 at 9:30 a.m. at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2019 were presented to the Meeting.

The following resolutions were passed:

1. To re-elect Tor Olav Trøim as a Director of the Company.
2. To re-elect Daniel Rabun as a Director of the Company.
3. To re-elect Thorleif Egeli as a Director of the Company.
4. To re-elect Carl Steen as a Director of the Company.
5. To re-elect Niels G. Stolt-Nielsen as a Director of the Company.
6. To re-elect Lori Wheeler Naess as a Director of the Company.
7. To re-elect Georgina Sousa as a Director of the Company.
8. To amend and re-state the Company’s Bye-law 58 relating to the quorum necessary for the transaction of Company business at a General Meeting
9. To re-appoint Ernst & Young LLP of London, England as auditors and to authorise the Directors to determine their remuneration.
10. To approve the remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$1,750,000 for the year ended December 31, 2020.

Hamilton, Bermuda
September 25, 2020

FAQ

What occurred at Golar LNG's 2020 Annual General Meeting?

The meeting involved the presentation of audited financial statements for 2019 and the re-election of several directors.

Who were re-elected as directors at Golar LNG's AGM?

Tor Olav Trøim, Daniel Rabun, Thorleif Egeli, Carl Steen, Niels G. Stolt-Nielsen, Lori Wheeler Naess, and Georgina Sousa were re-elected.

What was approved regarding the Board of Directors' remuneration?

The Board's remuneration was approved, with a total amount not exceeding US$1,750,000 for 2020.

Which auditing firm was re-appointed for Golar LNG?

Ernst & Young LLP was re-appointed as auditors at the AGM.

What amendments were made to Golar LNG's Bye-law during the AGM?

An amendment was made to Bye-law 58, relating to the quorum necessary for transactions at a General Meeting.