Published 13 March 2000
Circular No. 1/2000 March 2000
TO THE MEMBERS
Dear Sirs,
JOINT VENTURE WITH IF SKADEFÖRSÄKRING AB (PUBL) - EXTRAORDINARY GENERAL MEETING TO BE HELD ON 31 MARCH 2000
We refer to Circular No. 14/99, in which we reported that your Committee had authorised the Executive Committee of the Association with the assistance of the Administration to start negotiations with If Skadeförsäkring AB (publ) ("IF") with a view to examine the possibilities of forming a jointly owned management company through which to manage the operations of IF's marine and energy division and of Gard.
At its meeting in London on 7 March 2000, your Committee reviewed the draft agreements and financial terms of the joint venture as recommended by the Executive Committee. The draft agreements and financial terms presented were the result of the Administration's negotiations with IF on the basis of the mandate given by the Committee in October last year. The draft agreements and financial details have already been approved by IF's Board of Directors.
Your Committee resolved unanimously to recommend to the Membership of the Association that the joint venture with IF should proceed and that an Extraordinary General Meeting should be called for final determination. Please find attached Notice of Extraordinary General Meeting (in English) to be held in the Association's head office in Arendal on 31 March 2000 at 11.00 a.m.
Members are kindly requested to notify the Association within close of business on 28 March 2000 whether they will be present at the Extraordinary General Meeting on 31 March 2000. Notice can be given to:
Assuranceforeningen GARD -gjensidig- Servicebox 600 4809 Arendal Norway
Attn.: Mrs Anne Ommundsen Telephone + 47 37 01 91 00 Telefax + 47 37 02 48 10/ + 47 37 02 21 87 E-mail: companymail@gard.no or E-mail: anne.ommundsen@gard.no
Yours faithfully, ASSURANCEFORENINGEN GARD -gjensidig-
John G. Bernander Managing Director
Gard is a member of
