PA Resources’ Nomination Committee for the AGM 2013
According to previous communication and final completion of the rights issue, the compo-sition of PA Resources’ Nomination Committee for the AGM 2013 is hereby notified.
PA Resources AB’s Nomination Committee for the AGM 2013 consists of the following members:
- Sven A. Olsson, appointed by the shareholder Gunvor Group Ltd (Capital/votes 6.4%)
- Bengt Stillström, appointed by the shareholder AB Traction and group (Capital/votes 3.0%)
- Göran Ågerup, appointed by the shareholder Ågerup Fastigheter AB (Capital/votes 2.7%)
- Hans Kristian Rød, Chairman of the Board, appointed by the AGM 2012
PA Resources AB’s Nomination Committee shall consist of four members. Of these, one shall be the Chairman of the Board and the other three shall be appointed by the three largest shareholders in the company.
According to press release published on 14 November 2012, the company decided to await the final completion of the rights issue and final registration of shares in the beginning of February before appointing the Nomination Committee based on an updated ownership structure. With this background, the Board has contacted the largest shareholders in PA Resources based on the ownership conditions as per 8 February 2013 and asked if they wish to appoint representatives of the Nomination Committee. If a shareholder has not appointed a representative, the question has been passed on to the next shareholder in size, etc. One of the three owner representatives will be appointed Chairman of the Nomination Committee.
PA Resources’ ownership structure covering the ten largest owners as per 8 February 2013 may be found at www.paresources.se/en/Investor_Relations/The-share/Shareholder-structure/
The Nomination Committee is expected to give their proposal as regards, inter alia, the number of Board members, the composition of the Board, Chairman of the Board, Board members’ and auditor’s fees and the Chairman for the AGM. The shareholders may at any time leave suggestions to the Nomination Committee by e-mail to valberedningen@paresources.se. For the Nomination Committee to consider a suggestion, it must be submitted in good time before the AGM 2013, which will take place on 14 May 2013.
Stockholm, 27 February 2013
PA Resources AB (publ)
For queries, please contact:
Hans Kristian Rød, Chairman of the Board
Tel: +47 90 11 86 12, E-mail: hansk.rod@fortum.com
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 2.30 pm CET on 27 February, 2013.
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