Vostok New Ventures Ltd.
Vostok Nafta announces receipt of supplemental proposal regarding extraordinary board remuneration to the Annual General Meeting from main shareholder Luxor Capital
Vostok Nafta Investment Ltd 18.05.2015 14:02 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stockholm, 2015-05-18 14:02 CEST (GLOBE NEWSWIRE) -- Vostok Nafta Investment Ltd. ('Vostok Nafta' or the 'Company') has received a supplemental proposal regarding extraordinary board remuneration from the Company's largest shareholder Luxor Capital for consideration under item 10 on the agenda of the Annual General Meeting to be held on May 20, 2015 in Stockholm. Luxor Capital's proposal is set out below: Supplemental proposal under agenda item 10 - Determination of remuneration to the Directors and the auditors. Luxor Capital proposes that the Company awards the current Board members who are not employed by the Company with an ex gratie payment in acknowledgment of their greatly increased workload during the past year in the total amount of USD 150,000, with USD 50,000 payable to each of Lars O Grönstedt, Josh Blachman and Keith Richman. Luxor Capital comments: 'During the past year, the Board has succeeded in navigating a number of new investments and closing a number of transactions which we believe will add significant value to the Company's portfolio. We believe this additional acknowledgement of achievement is strongly deserved and invite those of our fellow shareholders who agree with us to support this motion at the general meeting.' For further information please contact: Björn von Sivers, Investor Relations: +46 8 545 015 57 News Source: NASDAQ OMX 18.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vostok Nafta Investment Ltd Sweden Phone: Fax: E-mail: Internet: ISIN: SE0005191475 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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