Vostok New Ventures Ltd.
Bulletin from Special General Meeting

DGAP-News: Vostok Nafta Investment Ltd

2015-06-09 / 17:12

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The Special General Meeting in Vostok Nafta Investment Ltd (pending
registration of change of name to Vostok New Ventures Ltd) (the 'Company') was
held on Tuesday, June 9, 2015 at 3 pm CEST at Setterwalls Advokatbyrå,
Arsenalsgatan 6 in Stockholm, Sweden. 

Stockholm, 2015-06-09 17:12 CEST (GLOBE NEWSWIRE) -- 

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

-    It was resolved to effect a share split and a mandatory redemption
programme for all shareholders. The share split is effected by a subdivision of
each outstanding common share in the Company, of par value USD 0.35 per share,
into two shares, one common share of par value USD 0.32 and one Redemption
Share of par value USD 0.03. The redemption programme is effected by a transfer
of assets of the Company, having a value of approximately USD 27 million, to
the shareholders by way of redemption of all issued and outstanding redemption
shares. 

-    It was resolved to approve of the sale of 2,700,000 Global Depository
Receipts ('GDRs') in TCS Group Holding PLC to Luxor Capital Group L.P. in an
amount of USD 2.98 per GDR. 

-    It was resolved to approve the adoption of an incentive plan in Vostok
Emerging Finance Ltd entitling present and future employees to be allocated
call options to acquire shares represented by Swedish Depositary Receipts in
the Company. The proposal is available in its entirety on the Company's
website, www.vostoknafta.com. 

-    It was resolved to ratify the resolution passed at the Annual General
Meeting regarding extraordinary board remuneration, in a total amount of USD
150,000, with USD 50,000 to each of Lars O Grönstedt, Josh Blachman and Keith
Richman for their greatly increased workload during the past year. 



For further information please contact:
Björn von Sivers, Investor Relations, Tel +46 8 545 015 57
News Source: NASDAQ OMX



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Language:    English                      
Company:     Vostok Nafta Investment Ltd  
 
 
             Sweden                       
ISIN:        SE0005191475                 
 
 
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366793 2015-06-09