PA Resources Nomination Committee for the AGM 2011 appointed
The three largest shareholders in the oil- and gas Group PA Resources AB have appointed their representatives in the Nomination Committee for the Annual General Meeting 2011 that will be held on 17 May 2011.
PA Resources AB's Nomination Committee for the Annual General Meeting 2011 consists of the following representatives:
- Sven Rasmusson, Chairman of the Board, appointed at the Annual General Meeting 2010
- Jesper Bonnivier, appointed by the shareholder Länsförsäkringar fonder
- Henrik Strömbom ,appointed by the shareholder Case Asset Management
- Mathias Berggren, appointed by the shareholder Bertil Lindqvist
PA Resources AB's guiding principles for the Nomination Committee were decided upon at the Annual General Meeting on 18 May 2010, and are based on the principles in the Swedish Code of Corporate Governance. PA Resources Nomination Committee shall consist of four representatives. One of the representatives shall be the Chairman of the Board and the rest of the representatives are to be appointed by the three largest shareholders in the company as of 30 September 2010. In the event that the shareholder asked does not appoint any representative to the Nomination Committee, the next shareholder in terms of holding in the company will be asked, and so on. One of the three shareholder representatives is to be appointed Chairman of the Nomination Committee.
The Nomination Committee is expected to among other things give their proposal as regards the number of Board members, the composition of the Board, the Chairman of the Board, Board Members' and auditor's fees and the Chairman at the Annual General Meeting.
Those who want to leave suggestions or point of views to the Nomination Committee can do this in writing by sending a letter to:
PA Resources AB
Attention: Nomination Committee
Kungsgatan 44, level 3
SE-111 35 Stockholm, SWEDEN
or by e-mail to: valberedningen@paresources.se
Stockholm, 12 November 2010
PA Resources AB (publ)
For further information, please contact
Sven Rasmusson
Chairman of the Board
Phone: +46 8 440 54 30
E-mail: info@paresources.se
PA Resources AB (publ) is an international oil and gas group with the business strategy to acquire, develop, exploit and divest oil and gas reserves, as well as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial Guinea and the Republic of Congo (Brazzaville). PA Resources is one of the largest oil producers in Tunisia and is also producing oil in the Republic of Congo. The parent company is located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,113 million during 2009. The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway (segment OB Match). 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 10.30 CET on 12 November, 2010.