Frontline sets December 2025 date for annual general meeting

Frontline plc's 2025 annual general meeting will take place on December 8, 2025, at its Limassol, Cyprus business office. Shareholders will be asked to approve the annual report and audited consolidated financial statements for the year ended December 31, 2024.

The agenda includes re-electing six current directors: John Fredriksen, James O'Shaughnessy, Ola Lorentzon, Cato Stonex, Orjan Svanevik, and Maria Papakokkinou, as well as electing Richard C. Prince as a new director. Shareholders will also vote on re-appointing PricewaterhouseCoopers as auditors and approving up to $600,000 in director remuneration for 2025.

A significant proposal seeks shareholder approval to exclude pre-emption rights for twelve months from December 8, 2025. This would allow the company to issue up to 377,377,111 ordinary shares and/or convertible securities at a subscription price not lower than $1 per share, against cash consideration. This exclusion is vital for maintaining financial flexibility and swiftly executing opportunistic investments, such as mergers, acquisitions, and fleet expansions, according to the board of directors.

The company's annual report on Form 20-F for 2024, detailing these proposals and the company's performance, is available on Frontline's website. As of December 31, 2024, Frontline's fleet comprised 81 vessels, and its profit after tax was $495.6 million.