FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of April 2006
A/S STEAMSHIP COMPANY TORM
(Translation of registrant's name into English)
Tuborg Havnevej 18
DK-2900 Hellerup
Denmark
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Set forth herein as Exhibit 1 is a copy of Announcement No. 4 - 2006 issued
by A/S STEAMSHIP COMPANY TORM to the Copenhagen Stock Exchange on April 19,
2006.
ANNOUNCEMENT NO. 4 -2006
19 April 2006
Annual General Meeting
in A/S Dampskibsselskabet TORM 19 April 2006
At the Annual General Meeting the following took place:
o Annual Report 2005 was approved.
o A dividend of DKK 23 per DKK 10 share (230%) as recommended by the Board of
Directors was approved.
o Mr. Rex Harrington, England, retired and Mr. Nicos Zouvelos, director of
Beltest Shipping Company Ltd., Cyprus, was elected to the Board of
Directors for a period of 4 years.
o Deloitte Statsautoriseret Revisionsaktieselskab was re-elected. Ernst &
Young was not re-elected.
o Authorisation to increase the share capital with up to DKK 182,000,000
corresponding to 50% was renewed until 1 April 2011.
o Authorisation to purchase the Company's own shares was renewed.
The Chairman, Mr. N. E. Nielsen, stated in his report that the Company's share
price has risen 42% during 2005 including payment of the dividend of DKK 15 per
share approved at the Annual General Meeting in April 2005.
The expectations for the 2006 result of USD 140-160 million (DKK 840-960
million) including any dividends received and gains or losses from sales of
vessels were maintained.
At the Board of Directors meeting immediately following the Annual General
Meeting, the Board of Directors then elected Mr. N. E. Nielsen as Chairman and
Mr. Christian Frigast as Deputy Chairman.
Accordingly, the Board of Directors is made up of the following persons:
N. E. Nielsen (Chairman)
Christian Frigast (Deputy Chairman)
Ditlev Engel
Gabriel Panayotides
Nicos Zouvelos
Lennart Arnold Johan Arrias (elected by the employees).
Peder Mouridsen (elected by the employees)
Contact A/S Dampskibsselskabet TORM Telephone +45 39 17 92 00
Tuborg Havnevej 18 Klaus Kjaerulff, CEO
DK-2900 Hellerup - Denmark Klaus Nyborg, CFO
About TORM TORM is one of the World's leading carriers of refined oil
products and has significant activities in the bulk market. The
Company operates close to 100 modern and secure vessels, most of
them in pool co-operation with other respected shipping companies,
sharing TORM's commitment to safety, environmental responsibility
and customer service.
TORM was founded in 1889 and has constantly adapted itself and
benefited from the significant changes characterizing shipping. The
Company conducts business all over the World and is headquartered in
Copenhagen, Denmark. TORM's shares are listed in Copenhagen (ticker
TORM) as well as on NASDAQ (ticker TRMD). For more information,
visit www.torm.com.
SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS
Matters discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to future
events and financial performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts.
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical operating
trends, data contained in our records and other data available from third
parties. Although TORM believes that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, TORM cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, changes in charter hire rates and
vessel values, changes in demand for "tonne miles" of crude oil carried by oil
tankers, the effect of changes in OPEC's petroleum production levels and
worldwide oil consumption and storage, changes in demand that may affect
attitudes of time charterers to scheduled and unscheduled dry-docking, changes
in TORM's operating expenses, including bunker prices, dry-docking and insurance
costs, changes in governmental rules and regulations including requirements for
double hull tankers or actions taken by regulatory authorities, potential
liability from pending or future litigation, domestic and international
political conditions, potential disruption of shipping routes due to accidents
and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by TORM with the
US Securities and Exchange Commission, including the TORM Annual Report on Form
20-F and its reports on Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
A/S STEAMSHIP COMPANY TORM
(registrant)
Dated: April 19, 2006
By: /s/ Klaus Nyborg
--------------------------
Klaus Nyborg
Chief Financial Officer
SK 03810 0001 662833