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Report from Extraordinary General Meeting of EOS Russia

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At the extraordinary general meeting of EnergyO Solutions Russia AB (publ) on 22 August 2012 the following resolutions were adopted:

  • The extraordinary general meeting adopted the board of directors’ proposal to authorize the Board of Directors to resolve on synthetic buybacks of own shares. According to the authorization, the Board of Directors, on one or several occasions prior to the next annual general, may resolve on synthetic buybacks of own shares to a maximum of 29.9 per cent of all shares in the company.
  • The extraordinary general meeting also adopted the Board of Directors’ proposal to authorize certain changes in the company’s corporate governance structure. The purpose of the changes is to achieve a greater transparency in the company’s governance structure by completely removing the preference share structure in the company’s subsidiary EnergyO Solutions Russia (Cyprus) Limited and thereby increasing shareholder value.

To enable the Board of Directors to utilize the buyback authorization, a so-called swap agreement will be entered into with a bank. Such bank will not vote for any shares purchased in connection with the swap agreement otherwise than with respect to issues related to resolutions for redemption of shares.

Stockholm, 22 August 2012

EnergyO Solutions Russia AB (publ)

For further information, please contact: ir@eos-russia.com

EOS Russia is an investment company headquartered in Stockholm. The overall objective of the company is to offer attractive returns via investments in the Russian electricity industry. EOS Russia's shares have been listed on First North, a marketplace operated by the Stockholm Stock Exchange, since 25 June 2007. Remium Nordic AB is the Certified Adviser.

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