Navigator Holdings Ltd. Announces Results of 2021 Annual General Meeting of Shareholders

Rhea-AI Summary

Navigator Holdings Ltd. (NYSE: NVGS) conducted its 2021 Annual General Meeting on December 14, 2021. At this meeting, the election of eight board members was approved, including Dag von Appen and Andreas Beroutsos. The meeting did not address any other proposals. Navigator is recognized as the operator of the largest handysize liquefied gas carrier fleet, now enhanced by a merger with Ultragas ApS, adding 18 vessels, bringing the fleet total to 55. The company plays a crucial role in liquefied gas transport, facilitating connections in the supply chain.

Positive

• Approval of the election of eight experienced board members.
• Strengthened fleet after merging with Ultragas ApS, now totaling 55 vessels.

Negative

• None.

LONDON and NEW YORK, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, advises that its 2021 Annual General Meeting of Shareholders (the “Annual Meeting”) was held on December 14, 2021 at 9 a.m. local time, at the office of Watson, Farley & Williams L.L.P., 28 Avenue Victor Hugo, 75116, Paris, France.

The following proposal was approved:

1. To elect Dag von Appen, Andreas Beroutsos, Dr. Heiko Fischer, David Kenwright, Alexander Oetker, Andreas Sohmen-Pao, Peter Stokes and Florian Weidinger to serve as members of the Board of Directors of the Company until the 2022 Annual General Meeting of Shareholders.
   

No other proposals were voted on at the Annual Meeting.

About Us
Navigator Holdings Ltd. is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. On August 4, 2021, Navigator announced that it merged the fleet and business activities of Ultragas ApS with its own, adding an additional 18 vessels to the fleet. The transaction unites two leading gas shipping companies. Navigator’s combined fleet now consists of 55 semi- or fully-refrigerated liquefied gas carriers, 22 of which are ethylene and ethane capable. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties, connecting the world today, creating a sustainable tomorrow.

Our latest CSR Report can be found in Annual Reports under the Company website at www.navigatorgas.com.

Navigator Gas
Attention:		Investor Relations investorrelations@navigatorgas.com
London:		10 Bressenden Place, London, SW1E 5DH.
Tel:		+44 (0)20 7340 4850

Investor Relations / Media Advisors
Nicolas Bornozis / Paul Lampoutis
Capital Link - New York
Tel: +1-212-661-7566
Email: navigatorgas@capitallink.com

FAQ

What happened at the 2021 Annual General Meeting of Navigator Holdings Ltd.?

The 2021 Annual General Meeting approved the election of eight board members.

Who were elected to the Board of Directors at Navigator Holdings Ltd.?

Dag von Appen, Andreas Beroutsos, Dr. Heiko Fischer, David Kenwright, Alexander Oetker, Andreas Sohmen-Pao, Peter Stokes, and Florian Weidinger were elected.

How many vessels are in Navigator Holdings Ltd.'s fleet after the merger?

Navigator's fleet consists of 55 vessels following the merger with Ultragas ApS.

What is the significance of the merger between Navigator Holdings Ltd. and Ultragas ApS?

The merger enhances Navigator's operational capacity, expanding its fleet to strengthen its market position.

When was the Annual General Meeting of Navigator Holdings Ltd. held?

The Annual General Meeting was held on December 14, 2021.