Notice of the AGM of PA Resources AB on 14 May 2013
Notice is hereby given of the annual general meeting (AGM) of PA Resources AB (publ), 556488-2180, on Tuesday 14 May 2013 at 16.00 hours. The AGM will be held at Polstjärnan at the address Sveavägen 77 in Stockholm. Registration for the meeting will commence at 15.15.
Right to participate in the AGM
Shareholder wishing to participate in the AGM must
- be entered in the share register kept by Euroclear Sweden AB on Tuesday 7 May 2013, and
- have notified the company of his attendance not later than at 16.00 Tuesday 7 May 2013
Notice of attendance etc.
Notice of attendance can be given by either filling in a form on the company’s web site www.paresources.se (only
applicable to individuals) or by post to PA Resources AB, Kungsgatan 44 (3 tr.), 111 35 Stockholm, Sweden or by e-mail to bolagsstamma@paresources.se or by telephone +46 8 545 211 50. The notice shall include information on name, personal identity number/registration number, telephone number, address, shareholding and, if applicable, details of any representatives and assistants.
Shareholder shall further bring to the AGM the admission card, which will be sent out about four days before the meeting to those shareholders who have notified the company. Admission cards are to be brought and presented at the entrance to the premises of the meeting. If such admission card has not been received by the shareholder prior to the meeting, a new admission card can be obtained provided an ID card is presented.
Shareholder whose shares are nominee-registered must also, in order to be entitled to participate in the AGM, request a temporary entry under his own name in the share register kept by Euroclear Sweden AB. Shareholders must notify the nominee of this well before Tuesday 7 May 2013, by which time the entry must have been effected, in order to be included in the transcript of the share register prepared by Euroclear Sweden AB on this day.
Representatives, power of attorney etc.
A shareholder’s right at the AGM may be exercised by an authorised representative. The power of attorney must be dated and signed by the shareholder. The validity period of the power of attorney may be a maximum of five years, if explicitly stated. If no validity period is specified the power of attorney is valid for a maximum of one year. The original power of attorney should, to facilitate registration for the AGM, be submitted to the company no later than on Wednesday 8 May 2013 at the address mentioned above. An example power of attorney is available at the company and on the company’s website www.paresources.se. Representatives for legal entities must also bring with them and present an original certificate of incorporation or a certified copy thereof, together with, if applicable, a power of attorney or corresponding authorisation documents.
Proposed agenda
- Opening of the meeting
- Election of the chairman of the general meeting
- Preparation and approval of the voting list
- Approval of the board of directors’ proposed agenda
- Election of person(s) to verify the minutes
- Determining whether the general meeting has been duly convened
- a) Presentation by the company CEO Bo Askvik
b) Presentation of the annual report for the company and the group and the auditor’s report - a) Resolution on adoption of income statement and balance sheet for the company and the group
b) Resolution on appropriation of the company’s profit according to the adopted balance sheet
c) Resolution on discharge from liability for the board members and the managing director - Proposal and work report from the nomination committee etc.
- Determination of the number of board members and deputies and the number of auditors
- Determination of fees to the board members and the auditors
- Election of board members and chairman of the board and deputies, if any, and election of auditor
- Decision on principles for election of nomination committee
- Decision on guidelines for remuneration to senior management
- Other items
- Closing of the meeting
Proposals by the board of directors
Item 8.b); Dividend
The board proposes that no dividend is paid out for the fiscal year 2012.
Item 14; Decision on guidelines for remuneration to senior management
The board proposes in principle the same guidelines for remuneration to senior management that were approved at the AGM 2012 are approved by the AGM 2013 until the end of the AGM 2014. The board’s proposal is available at the company (address above) and at the web site www.paresources.se. Copies of the documentation will be sent by post to shareholders requesting it and stating their postal address
Proposal and work report from the nomination committee etc.
The nomination committee consists of Sven A Olsson (chairman), Bengt Stillström, Göran Ågerup and Hans Kristian Rød (chairman of the board). The complete proposal from the nomination committee regarding items 2 and 10-13 of the agenda, along with the committee’s work report and their motivated statement regarding suggested board of directors, will be available at the company (address above) and at the web site www.paresources.se in good time before the AGM. Copies of the said documents will be sent by post to shareholders requesting them and stating their postal address.
Documents, etc.
The annual accounts with the auditors’ report will be available at the company (see address above) as well as on the company’s website www.paresources.se. Copies of the said documentation will be sent by post to shareholders requesting it and stating their postal address.
According to chapter 7, section 32, of the Swedish Companies Act, the board and the managing director, if a shareholder requests it and the board deems it may be done without harming the company, will inform the meeting regarding circumstances that may affect the evaluation of an item on the agenda, circumstances that may affect the financial situation of the company’s or a subsidiary’s financial situation, as well as the company’s relation to another company in the group. A question may be put in advance in the same manner as notice of participation above.
The number of outstanding shares and votes in the company at the time of this notice amounts to 14,145,998,972.
Stockholm, 12 April 2013
PA Resources AB (publ)
The Board of Directors
PA Resources AB (publ) conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,184 million in 2012. The company is listed on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se.
The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 8.30 am CET on 12 April, 2013.
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