SFL Corporation Ltd. Annual General Meeting and Share Capital Amendments

SFL Corporation Ltd. announced its 2026 Annual General Meeting (AGM) scheduled for May 11, 2026. The company will present its 2025 financial statements and address several key proposals. These include setting the maximum number of directors at eight, authorizing the board to fill director vacancies, and re-electing seven current directors: Gary Vogel, Keesjan Cordia, James O'Shaughnessy, Ole Hjertaker, Kathrine Fredriksen, Will Homan-Russell, and Jan Erik Klepsland. Shareholders will also vote on re-appointing Ernst & Young AS as auditors and approving directors' fees not exceeding US$800,000 for 2026. A significant proposal involves amending the company's bye-laws to allow the redesignation of 25 million authorized but unissued common shares into preference shares. This aims to enhance capital management flexibility by providing access to diverse funding sources. The board will be empowered to determine the terms and issuance of these preference shares, with 275 million common shares and 25 million preference shares proposed under the new structure. The company also noted that its 2025 Annual Report on Form 20-F is available on its website.