Notice to extra General Meetingin Gripen Oil & Gas AB (publ)
The shareholders of Gripen Oil & Gas AB (publ),
company registration no 556693-8014, are hereby given notice convening an Extra
General Meeting on April 8th 2016 at 10 am at the company’s office
at Engelbrektsgatan 7, 1st floor, 114 32 Stockholm.
Right to participate
Shareholders that wish to participate in the procedures at the Extra General Meeting must by no later than 2nd of April 2016 be recorded as shareholders in the share register kept by Euroclear Sweden AB as well as by no later than at 12.00 o’clock on April 4th 2016 give notice to the company of their intention to participate in the Extra General Meeting.
To be entitled to participate in the Extra General Meeting, owners of shares registered in the name of a trustee must have the shares registered in their own names. Shareholders who have trustee-registered shares should, well in time before April 2nd 2016, request owner-registration at the bank or broker holding the shares.
Notice of participation
Notice of intention to participate in the Extra General Meeting shall be given in writing by mail addressed to Gripen Oil & Gas AB (publ), Engelbrektsgatan 7, 1st floor, 114 32 Stockholm, Sweden or by e-mail to info@gripenab.com. In providing such notice the shareholder should state name, personal registration number or company registration number, telephone number, shareholdings as well as the number of any accompanying assistant(s) (maximum 2 assistants). Shareholders who are represented by proxy must issue a written, dated proxy for the representative. Such proxy forms are available at the company’s website www.gripenab.com and shall be submitted to the company together with the notice of participation. If the proxy is issued by a legal entity, a certified copy of the registration certificate or an equivalent certificate of authority must be submitted to the company and brought to the Extra General Meeting together with the original copy of the proxy.
Proposed agenda
- Election of Chairman of the meeting
- Verification of the voting list
- Approval of the agenda
- Election of one or two persons to verify the minutes
- Determination of whether the meeting has been duly convened
- Decision on delisting
- Conclusion of the meeting
Proposal under item 6; Decision on delisting
The board of directors proposes that the general meeting resolves that the company shall take all measures required for the company to be delisted as soon as it is practically possible.
The background to the proposed delisting is the existing marketplace’s aversion towards companies with operations or subsidiaries outside Sweden. Based on the current challenging market for exploration and exploitation of geo-resources and the difficulty of developing profitable oil and gas assets in Sweden, the board considers it to be of great importance to have flexibility to evaluate and acquire projects and companies outside Sweden.
The Board will evaluate alternative listings for Gripen Oil & Gas. The company will inform the market as soon as something has been decided with regard to a new marketplace for the shares.
The number of shares and votes
When this notice to attend the Extra General Meeting was issued, the total number of shares and votes in the company was 107,110,760. The company holds no own shares.
Miscellaneous
The shareholders are informed of their right to, at the Extra General Meeting, request information from the Board and the Managing Director in accordance with chapter 7 article 32 of the Swedish Companies Act.
Stockholm, march 2016
Gripen Oil & Gas AB (publ)
The Board of Directors