RusForest Announces Results of Extraordinary Gener

Stockholm, 2016-12-21 18:05 CET (GLOBE NEWSWIRE) -- RusForest AB (publ) (“RusForest” or the “Company”) (Nasdaq: RUSF), a Swedish forestry company with operations in Russia, announces that the Company’s extraordinary general meeting of shareholders today resolved on the following matters:

Board of directors

The extraordinary general meeting resolved, in accordance with the proposal of the Company’s largest shareholder Dimesilia Holdings Ltd., that the fees to each board member that does not draw any salary from the Company shall amount to SEK 180,000. The fee to the chairman of the board of directors shall however amount to SEK 340,000. Additional annual fees to the chairman of the audit committee and the chairman of the operational committee established by the board of directors will amount to SEK 120,000.

The extraordinary general meeting resolved, in accordance with the proposal of Dimesilia Holdings Ltd., that the number of board members shall be three (3) without any deputy members. It was further resolved to re-elect Peter Nilsson as board member and to elect Michalis Avraam and Niklas Bergman as new board members. Niklas Bergman was elected as chairman of the board of directors. The extraordinary general meeting further resolved, in accordance with the proposal of Dimesilia Holdings Ltd., that the chairman of the audit committee shall be Michalis Avraam and that the chairman of the operational committee shall be Peter Nilsson.

About RusForest AB

RusForest is a Swedish forestry company operating in Eastern Siberia. The Company controls long-term timber leases and utilizes these resources to produce a wide range of sawnwood products. RusForest is listed on Nasdaq Stockholm First North (ticker “RUSF”).

RusForest AB's Certified Adviser on First North is Pareto Öhman AB.

For additional information, please visit the Company’s website at www.rusforest.com or contact:

Gustav Wetterling, Group CFO, telephone: +46 8 771 85 00

The information was submitted for publication by Group CFO on 2016-12-21 at 18:05 CET.