JSC Latvijas kuģniecība (Latvian Shipping company-LASCO) is publishing the announcement about the shareholder meeting of JSC Ventspils nafta, the LASCO managing company. The announcement in question is a significant development for the shareholders of LASCO: 

“The joint stock company “Ventspils nafta”, reg. No. 50003003091, legal address: Vaļņu Street 3-18, Riga, LV-1050, Latvia, announces that repeated annual shareholders’ meeting of joint stock company “Ventspils nafta” will take place on June 01, 2010 at 10.00 a.m. at the “Hotel de Rome”, at Kaļķu Street 28, Riga.

Agenda:

8. Approval of annual reports for 2009.

9. Utilization of profit of 2009.

10. Election of auditor for audit of annual reports for 2010.

11. Amendments to the Articles of Association.

12. Election of Audit Committee.

13. Dismissal of members of the Supervisory Council of joint stock company “Ventspils nafta”: Aleksejs Ovods, Mārtiņš Kvēps, Valērijs Godunovs, Oļegs Stepanovs and Gatis Grāvītis.

14. Election of new members of the Supervisory Council of joint stock company “Ventspils nafta”.

Shareholders’ registration will be open from 09.45 a.m. until 10.00 a.m. on the day of the meeting – June 01, 2010 – at the venue of the meeting.

The record date for participation at shareholders’ meeting is May 24, 2010. Only those persons who are shareholders on the record date with the amount of the shares they own on the record date have rights to participate at the repeated annual shareholders’ meeting of joint stock company “Ventspils nafta” on June 1, 2010.

Shareholders have rights to participate in the meeting in person or by mediation of their legal representatives or authorized persons:

• upon registration, shareholders shall present a passport or other personal identification document;

• upon registration, representatives and authorized persons of shareholders shall present a passport or other personal identification document, and shall submit written power of attorney of the represented shareholder (form of a written power of attorney is also available on website of joint stock company “NASDAQ OMX Riga” www.nasdaqomxbaltic.com), or legal representatives shall present a document certifying the authorisation.

Information on the shareholders’ rights and the meeting is available on website of joint stock company “NASDAQ OMX Riga” www.nasdaqomxbaltic.com.

Shareholders of joint stock company “Ventspils nafta” can now familiarize with draft resolutions of issues to be addressed at the shareholders’ meeting on the website of joint stock company “NASDAQ OMX Riga” www.nasdaqomxbaltic.com.

The total amount of shares with voting rights of joint stock company “Ventspils nafta” is 104 479 519.

Joint stock company “Ventspils nafta””