Vostok Nafta Investment Ltd
2014 Annual General Meeting in Vostok Nafta Investment Ltd

DGAP-News: Vostok Nafta Investment Ltd /

14.05.2014 / 12:31

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The 2014 Annual General Meeting in Vostok Nafta Investment Ltd (the 'Company')
was held on Wednesday, May 14, at 9 am in Kreugersalen at Tändstickspalatset,
Västra Trädgårdsgatan 15 in Stockholm, Sweden. 

Stockholm, 2014-05-14 12:31 CEST (GLOBE NEWSWIRE) -- 

At the meeting, the shareholders considered a number of items, some of which
were the following. 

-    The profit and loss account and the balance sheet as well as the
consolidated profit and loss account and the consolidated balance sheet were
adopted, showing total profit for the financial year January 1-December 31,
2013, in the amount of USD 364.63 mln. The directors' proposal that no
dividends be paid was approved. 

-    All directors were re-elected: Per Brilioth, Lars O Grönstedt, Josh
Blachman and Keith Richman. Lars O Grönstedt was appointed Chairman of the
Board. Furthermore it was resolved that remuneration for the Board shall be SEK
800,000 for the chairman of the Board and SEK 250,000 to each of the other
Directors who are not employed by the Company, and that, in line with recent
Swedish capital market practice, Directors who so wish shall be permitted to
invoice the Company for their Board fees in an amount that is cost neutral to
the Company, provided any Director who does so is solely liable for any tax
effects. 

-    The registered audit company PricewaterhouseCoopers AB were re-elected as
the Company's auditors. 

-    It was resolved that the same principles as for the previous year shall
apply for the nomination process for the 2015 annual general meeting. 

 -   It was resolved in accordance with the Board's proposal for principles for
remuneration to the senior management. 

-    The depository receipt holder Arne Svahn's proposal to change the name of
the Company was rejected. 





For further information please contact:
Björn von Sivers, Investor Relations, Tel +46 8 545 015 50
News Source: NASDAQ OMX


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Language:    English                      
Company:     Vostok Nafta Investment Ltd  
 
 
             Sweden                       
ISIN:        SE0002056721                 
 
 
End of News    DGAP News-Service  
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268394 14.05.2014