JSC Ventspils nafta management informs that during the extraordinary shareholders’ meeting of VN associated company JSC Latvijas Kuģniecība (LK) held today, December 17, with 78.2% of shareholders with voting rights being present, a new LK Supervisory Council was elected, as well as other issues on the agenda were reviewed and respective resolutions adopted.

The following persons are elected into the LK Supervisory Council: Simon Digby Boddy, Vladimir Egger, Mikhail Dvorak, Javed Ahmed, Rubil Yilmaz, Mark Morrell Ware and Christophe Theophanis Matsacos. The extraordinary shareholders’ meeting decided to assign the representative of the newly elected LK Supervisory Council Simon Digby Boddy to convene its first meeting. The Supervisory Council is elected in incomplete composition.

As of December 17, 2010, the following persons are dismissed from the position of LK Supervisory Council member: Uldis Pumpurs, Olga Pētersone, Vladimirs Solomatins, Andris Vilcmeiers, Ansis Sormulis, Svens Zālītis, Guntis Ločmelis, Māris Gailis, Miks Ekbaums, Normunds Staņēvičs, Volodymyr Koshkul and Kārlis Boldiševics. Shareholders expressed distrust in members of the LK Management Board Andris Linužs, Edvīns Bērziņš, Imants Sarmulis and Pavel Semenyuta.

Shareholders also decided to pursue a claim against the former and present members of the Management Board of LK Imants Sarmulis, Andris Linužs, Raivis Veckāgans and Edvīns Bērziņš, as well as to pursue a claim against all of the former members of the Supervisory Council of LK who were elected by the extraordinary shareholders’ meeting of LK on February 15, 2008.

The shareholders’ meeting decided to assign Simon D.Boddy to convene the first meeting of the newly elected Supervisory Council of LK, to notify Supervisory Council members on the time and venue of the Supervisory Council meeting, to fix the agenda of the first meeting of the newly elected Supervisory Council of LK, as well as to take other necessary actions in relation to convening and holding the first meeting of the newly elected Supervisory Council of LK.

The present shareholders unanimously voted for postponing approval of the financial statements of LK for 2009. The meeting elected a new audit committee consisting of Lahsen Idiken, Mikhail Dvorak, Jozef Hubertus Johannes Baardemans, and fixed its remuneration fund of not more than equivalent of EUR 28,000.- (twenty eight thousand euro) in lats.

Shareholders representing 78.2% of shares with voting rights participated in the meeting. Member of the LK Management Board Paul Thomas participated in the LK’s extraordinary shareholders’ meeting.
 

Ventspils nafta

Zane Bojāre
JSC „Ventspils nafta” PR Manager
E-mail: zane.bojare@vnafta.lv
Phone.: 67821691; 29706733