Hafnia investors have voted to give directors the power for huge stock buybacks and issues after the BW Group-backed tanker owner moves domicile.
The shift from Bermuda to Singapore was revealed in the agenda for Hafnia’s annual general meeting on Wednesday.
Shareholders approved potential buybacks of up to 10% of Hafnia’s shares, equating to $400m of its $4bn market capitalisation in New York and Oslo.
