Arrow Prospectus - PGS
Arrow Prospectus - PGS
Arrow Prospectus - PGS
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ARROW SEISMIC ASA – INITIAL PUBLIC OFFERING<br />
Executive Management Current directorships/partnerships Previous directorships/partnerships<br />
Hans Petter Amundsen<br />
Klohs<br />
GC Rieber Shipping AS<br />
Polar Explorer AS<br />
Polarus AS<br />
Polar Queen AS<br />
Polar Ship Invest AS<br />
Solheimsviken Shipping AS<br />
De Katri Tugs AS<br />
Polar Pevek Ltd<br />
<strong>Arrow</strong> Seismic Invest I Limited<br />
<strong>Arrow</strong> Seismic Invest II Limited<br />
<strong>Arrow</strong> Seismic Invest III Limited<br />
<strong>Arrow</strong> Seismic Invest IV Limited<br />
<strong>Arrow</strong> Seismic Invest V Limited<br />
<strong>Arrow</strong> Seismic Invest VI Limited<br />
Mark Ashton-Taylor<br />
<strong>Arrow</strong> Seismic Limited<br />
<strong>Arrow</strong> Seismic Invest I Limited<br />
<strong>Arrow</strong> Seismic Invest II Limited<br />
<strong>Arrow</strong> Seismic Invest III Limited<br />
<strong>Arrow</strong> Seismic Invest IV Limited<br />
<strong>Arrow</strong> Seismic Invest V Limited<br />
<strong>Arrow</strong> Seismic Invest VI Limited<br />
<strong>Arrow</strong> Seismic Limited<br />
GC Rieber Shipping Limited<br />
Altoriva Limited<br />
Altoriva (Southern) Limited<br />
Kradaq Limited<br />
Marine Crew Services Limited<br />
Vantage Partners Limited<br />
Ashton Ford Limited<br />
Fenwick Associates Limited<br />
Palmeiras Verde Limited<br />
There are no other potential conflicts of interest between any duties to the Company, of the persons referred to<br />
above and their private interest or other duties expect for the related party relations described in section 14.4<br />
below.<br />
10.4 REMUNERATION AND BENEFITS<br />
The remuneration of the members of the board is determined on a yearly basis by the Company in its annual<br />
general meeting. The directors may also be reimbursed for, inter alia, travelling, hotel and other expenses<br />
incurred by them in attending meetings of the directors or in connection with the business of the Company.<br />
As the Company was established in fourth quarter 2005, there are no comparable figures for the remuneration to<br />
the management or Board in 2005.<br />
The Company’s Board received a total remuneration of USD 47,000 in 2006.<br />
The Company has no employees. The CEO of <strong>Arrow</strong> has been hired under a service agreement with GC Rieber<br />
Shipping AS, currently an affiliate company of <strong>Arrow</strong>. The service agreement has an annual fee of USD<br />
400,000, starting 1st January 2006, and can be cancelled by both parties giving 6 months notice. See section 14.4<br />
for further description of the agreement.<br />
No agreements have been entered into with the CEO or any of the board directors with regard to special<br />
payments upon the termination or change of their employment or appointment. In addition, there are no<br />
agreements that entitle employees or representatives to subscribe for or purchase Shares in the Company.<br />
10.5 EMPLOYEES<br />
The Company has no employees. Management services are purchased under service agreements with GC Rieber<br />
Shipping AS and GC Rieber Shipping Ltd., currently affiliate companies of <strong>Arrow</strong>. Please refer to section 14.4.<br />
for further description of the agreements<br />
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