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The firm said in a statement on Wednesday that its board of directors has called for the annual general meeting to be held on June 3. The AGM will be held as a digital meeting.
The agenda for the AGM includes an amendment to the articles of association to change the company’s name from Awilco LNG ASA to ALNG ASA.
It also includes the approval of the financial statements and the report from the board of directors for the financial year 2025, and the election of board members, where the nomination committee inter alia intends to propose that Anders Onarheim is elected as a new member and chairman.
In March, Awilco LNG announced the establishment of a trading and structuring platform as it transforms from a pure LNG shipping company into a more integrated participant in the LNG value chain.
In addition to the company’s vessels WilForce and WilPride, the trading unit may also use third-party vessels.
Awilco LNG’s CEO Jon Skule Storheill has stepped down from the position as the company enters the new phase of development.
The company reported a net loss of $6.4 million in the first quarter of this year, while it is searching for longer-term employment for its two TFDE vessels.
The net loss compares to a net loss of $3.2 million in the first quarter of 2025 and a net loss of $4.4 million in the prior quarter.