Stockholm, 2013-09-27 08:00 CEST (GLOBE NEWSWIRE) --
Notice is hereby given to the holders of depository receipts in respect of shares in Vostok Nafta Investment Ltd (the “Company”) that a Special General Meeting (“SGM”) in accordance with section 3 of the Company’s Bye-Laws shall be held on Thursday, October 17, 2013 at 10:00 am in Kreugersalen at Tändstickspalatset, Västra Trädgårdsgatan 15, in Stockholm, Sweden.
Notice to attend etc.
Holders of depository receipts wishing to attend the General Meeting shall:
(1) be listed in the register of holders of depository receipts kept by Euroclear Sweden AB on Friday, October 11, 2013; and
(2) notify the Company of the intention to attend the General Meeting not later than Tuesday, October 15, 2013 by mail at the address General Meeting, Vostok Nafta Sverige AB, Hovslagargatan 5, 3rd floor, SE-111 48 Stockholm, Sweden, by telephone +46 8 545 015 50, by fax +46 8 545 015 54 or by e-mail to sgm2013@vostoknafta.com. The holder of depository receipts shall state name, personal or company identification number, address as well as telephone number. If a holder of depository receipts intends to be represented by proxy, the name of the proxy holder shall be stated.
Holders of depository receipts who hold their receipts through nominees (Sw. förvaltare) must request a temporary registration of the voting rights in order to be able to participate at the General Meeting. Holders of depository receipts who wish to obtain such registration must contact the nominee regarding this well in advance of Friday, October 11, 2013. Proposed agenda
1. Election of Chairman for the Meeting.
2. Preparation and approval of voting list.
3. Approval of the agenda.
4. Election of one or two persons to check and sign the minutes.
5. Resolution that the Meeting has been duly convened.
6. Determination of the number of Directors.
7. Determination of remuneration to the Directors.
8. Election of Directors.
9. Closing of the Meeting.
Election of Directors etc. (Items 6-8):
The Nomination Committee proposes that the Board of Directors shall consist of four Directors.
The Nomination Committee proposes, for the period until the next Annual General Meeting, the re-election of Per Brilioth and Lars O Grönstedt and the new election of Josh Blachman and Keith Richman. The Nomination Committee proposes that the Meeting appoint Lars O Grönstedt as Chairman of the Board.
The Nomination Committee proposes a total Board remuneration of SEK 1,300,000, of which SEK 800,000 shall be allocated to the Chairman of the Board and SEK 250,000 to each of the other Directors who are not employed by the Company. The Nomination Committee does not envisage Board Committees. The Nomination Committee proposes that Directors who so wish be permitted to invoice the Company for their Board fees in an amount that is cost neutral to the Company, provided any Director who does so is solely liable for any tax effects.
A brief description of the proposed new Directors is set out below:
Josh Blachman, US citizen, born 1974. Professional and educational background: Josh Blachman has worked at the intersection of technology, finance and investing in a variety of capacities since 1998. He is co-founder and Managing Director of Atlas Peak Capital and has been a Vice President at Saints Capital where he completed a variety of investments in private technology companies. Previously, Josh Blachman worked in the Corporate Development groups at Microsoft and then Oracle where he evaluated and executed both acquisitions and investments. Josh Blachman holds Bachelor and Master of Science degrees in Industrial Engineering from Stanford University and an MBA from the Stanford Graduate School of Business.
Keith Richman, US citizen, born 1973. Professional and educational background: Keith Richman is Founder and Chief Executive Officer of Break Media, an Internet entertainment community for men. Prior to co-founding Break Media, Keith Richman was the Co-Founder and Vice-President of OnePage (acquired by Sybase 2002) and Co-Founder and Director of Business Development for Billpoint Inc. (acquired by eBay in 1999). Previous posts include Director of Corporate Planning at the Walt Disney Company, where he focused on consumer products, cable and emerging media. Keith Richman holds Bachelor and Master of Arts degrees in International Policy Studies from Stanford University.
Stockholm, September 27, 2013
PARETO SECURITIES AB
THE BOARD OF DIRECTORS OF VOSTOK NAFTA INVESTMENT LTD
