Call for Extraordinary General Meeting of P/F Atlantic Petroleum
An Extraordinary General Meeting (EGM) of P/F Atlantic Petroleum is hereby called. The EGM will be held at the offices of Atlantic Petroleum located at 10 Arthur Street, London, Great Britain.
on the 7th day of February, 2018 at 10:00hrs (GMT)
with the following agenda:
- Election of Chairman of the meeting.
- Election of a new member of the Board of Directors.
The Board Member Ben Arabo resigns as member of the Board of Directors of P/f Atlantic Petroleum. A new member therefor has to be elected to replace him and the Board of Directors proposes to elect this candidate as members to the Board:
Yves Paletta, Stavangergade 4, 2100 Copenhagen, Denmark
The proposed candidate accepts to be elected.
More information on the proposed candidate can be found on the Company’s website www.petroleum.fo.
- The EGM’s approval to de-list the shares of the Company from a secondary listing on the OSLO BØRS.
Presently a portion of the Company’s shares is listed on the OSLO BØRS. These shares are secondary to the, primary listing of Company shares on the Copenhagen stock index (NASDAQ OMX Copenhagen).
As the trade in the secondary Company shares listed on the OSLO BØRS is small and the business activity of the Company has decreased radically over the last few years with the Company ceasing business in Norway the Board of Directors considers it not appropriate to have Company shares listed on OSLO BØRS. Therefore the Board of Directors proposes to de-list from the secondary listing on OSLO BØRS.
Consequently, the Board of Directors proposes to the EGM that
“The Extraordinary General Meeting of the Company approves the de-listing of the secondary listed shares of the Company from the OSLO BØRS and authorises the Board of Directors of the Company to take any and all steps and measures necessary in relation to this.”
4. AOB
Quorum.
Proposals on the agenda for the meeting can be adopted by majority vote.
Requisition of admission card, voting paper and the voting procedure.
The shareholder’s right to participate at the EGM and to vote according to his/her shares will be according to the number of shares which the shareholder owns at the register date. The register date is Wednesday the 31. January 2018.
A shareholder, his/her proxy and the press can participate at the EGM on the condition that he/she has given notice to the Company hereof at the latest by Monday 5. February 2018 via the website of the Company www.petroleum.fo or at the office of the Company, Yviri við Strond 4, Ground floor, 110 Tórshavn, or on telephone no. +44 7720 29 66 49 or on the email address graemef@petroleum.fo.
If a shareholder cannot participate in the EGM he/she can in writing give a written proxy to a third person to represent him/her at the meeting. Proxy – forms to be used for this purpose are available on the website of the Company www.petroleum.fo and at the office of the Company, Yviri við Strond 4, ground floor, 110 Tórshavn. Shareholders with access to the Investor Portal through the Company’s website can give their proxy instructions via this portal.
The voting – except the voting by letter ballot - will be executed at the EGM. The shareholder (or his/her proxy) who have in due time given notice that he/she wishes to attend the EGM, will meet at the EGM and cast their votes. Admission cards and voting papers will be handed out at EGM entrance.
Letter ballot.
The shareholders can vote by letter ballot – that is cast their votes in writing prior to the day of the EGM. On the Company’s website www.petroleum.fo shareholders can download a letter ballot form. Letter ballot must be received at the Company’s premises, Yviri við Strond 4, ground floor, 110 Tórshavn or on the email address graemef@petroleum.fo at the latest on the 6. February 2018.
The shareholder’s right to bring forward questions.
Shareholders can, prior to the EGM, bring forward to the Board/Management of the Company questions regarding matters that have relevance to evaluate the Company’s general position or the decisions that are to be made at the EGM. If a shareholder wishes to use this right he/she can send his question in a letter to P/F Atlantic Petroleum, Yviri við Strond 4, ground floor, 110 Tórshavn, or to the email address graemef@petroleum.fo.
At the EGM shareholders can also bring forward questions to the Board/Management of the Company regarding the matters mentioned.
Documents for the EGM, including the agenda with the complete proposals.
Documents relevant for the General Meeting, including (1) the agenda, (2) complete proposals for the General Meeting (3) information on the Company’s total number of shares and votes at the day of the summons and (4) proxy documents and letter ballot form are available at the Company’s office at the address, Yviri við Strond 4, ground floor, 110 Tórshavn (tel no. +44 7720 29 66 49 at the latest 3 weeks prior to the General Meeting and are available at the Company. The mentioned documents will also be available on the Company’s website www.petroleum.fo.
Share capital, voting rights and financial institute holding accounts on behalf of the Company.
The share capital of the Company is DKK 3,697,860 divided into shares of DKK 1,- or multipla hereof. According to § 5 sub clause 1 of the Articles of Association of the Company, each shareholder has one vote for each DKK 1,- they hold in share capital.
Number of shares is: 3,697,860 and number of votes is: 3,697,860.
The Company has appointed P/F Betri Banki as holder of accounts. Shareholders can contact this financial institute at Yviri við Strond 2, 100 Tórshavn or on the website www.betri.fo or on telephone no. +298 348 000 to exercise their financial rights in the Company.
Tórshavn 15. January 2018
P/F Atlantic Petroleum
The Board of Directors
Atlantic Petroleum in brief:
Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has an office in London, UK. Atlantic Petroleum’s existing shares are listed on NASDAQ OMX Copenhagen and on Oslo Stock Exchange.
Further Details:
Further details can be obtained from Graeme Fawcett, CEO, tel +44 7720 29 66 49 (graemef@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.
Announcement No.:
Issued 15 01 2018
P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +44 203 397 6353
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo