Notice to Annual General Meeting of shareholders in Petrosibir AB (publ)

General information
Due to the corona virus and the current travelling restrictions Petrosibir does not at this point know who or how many from the board of directors or management that will participate in person in the Annual General Meeting. The board will most likely participate via video link. The meeting will be held short and the customary presentation and Q&A session will be limited. Petrosibir encourage all shareholders to follow recommendations that have been issued by the authorities. Participants displaying symptoms of illness or are part of a risk group are asked not to participate in the meeting. No food or beverages will be served.

Notification and right to participate
The right to participate at the general meeting vests in a person who: is registered as a shareholder in the share register maintained by Euroclear Sweden AB regarding circumstances pertaining on 18 June 2020; and not later than 18 June 2020 notifies the Company of their intention to participate at the general meeting.

Notice of participation may be given by post to Petrosibir AB, P O Box 5216, 102 45 Stockholm or by e-mail to [email protected]. The notification should state the name, personal ID or registration number, address, daytime telephone number and shareholding of the shareholder. Authorization documents such as power of attorney and registration certificates should, where appropriate, be submitted to the Company prior to the general meeting. Shareholders who wish to be accompanied by one or two assistants may give notice thereof within the time and in the manner applicable to shareholders. A power of attorney form is available on www.petrosibir.com.

Shareholders with nominee-registered shares must, in order to be entitled to participate at the general meeting, request that the nominee effects a temporary re-registration (voting right registration) of the shares in ample time prior to 18 June 2020.

Proposed agenda

1. Opening of the meeting

2. Election of a chairman of the general meeting

3. Preparation and approval of the voting register

4. Election of one or two persons to attest the minutes

5. Determination of whether the general meeting has been duly convened

6. Approval of the agenda

7. Presentation of the annual report and auditor's report as well as consolidated financial statements and auditor's report for the group.

8. Resolutions regarding

a) adoption of the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet

b) allocation of the Company's profits or losses in accordance with the adopted balance sheet

c) discharge from liability of the directors and CEO

9. Determination of the numbers of directors and auditors and alternate auditors

10. Determination of fees for the Board of Directors and the auditors

11. Information regarding appointments held in other companies by candidates for election to the Board of Directors, election of directors and auditor and alternate auditor

12. Closure of the general meeting

Chairman of the annual general meeting (item 2)
It is proposed that the lawyer, Tor Dunér, be elected to chair the annual general meeting.

Allocation of the Company's earnings (item 8 b)
The Board proposes that no dividend is paid for the financial year 2019.

Election of directors, Chairman of the Board, auditor and fees (items 9-11)
Currently there is no proposal for the composition of the board and no proposal regarding remuneration to the board. Such proposals will be presented no later than at the AGM.

It is proposed that the company shall have one auditor and no alternate auditor. It is further proposed to appoint the authorized auditing firm WINTHERS Revisionsbyrå AB as auditor. If WINTHERS Revisionsbyrå AB is appointed the public authorized auditor Ragnar Santesson will serve as the auditor in charge.

It is proposed that the auditors are paid in accordance with approved invoices.

Miscellaneous
The Company currently has 29,773,862 shares registered with the Swedish Companies Registration Office (Sw Bolagsverket), of which 761,900 are shares of series A (10 votes/share) and 29,011,962 are shares of series B (1 vote/share). The number of voting rights amounts to 36,630,962.

The Company's annual report for 2019 has been published on 13 May 2020 and is available at the Company's office (address above) and website. The Board's complete proposals for resolutions, if any, and other documents pending the general meeting will be available at the Company's office at the latest from the 4 June 2020 and will be sent free-of-charge to shareholders who so request and provide their mailing address. During the same period the documents will also be available on www.petrosibir.com and will be presented at the general meeting.

If requested by a shareholder and provided that the Board deems that it can take place without causing material damage to the Company, the Board and the CEO shall provide information about circumstances that may affect the assessment of an item on the agenda, circumstances that may affect the assessment of the Company's or its subsidiaries' financial situation, and the Company's relationship with another company within the Group.

Stockholm, May 2020

Petrosibir AB (publ)

The Board of Directors

For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
www.petrosibir.com

The following documents can be retrieved from beQuoted
Petrosibir Notice to annual general meeting.pdf

About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licenses in the Russian republics of Bashkiria and Komi. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent. The Petrosibir share is traded on the OTC-list at beQuoted under the symbol PSIB-B.

If you want to open the text in your webbrowser click here
______________________________________________________
This information was sent by beQuoted
If you want more information, please go to www.beQuoted.com
To change your subscription, please inform [email protected]

beQuoted Press är en service till Dig som är intresserad av finansiell information. Med beQuoted Press underlättas företagens finansiella kommunikation till Dig och till nyhetsbyråer, aktieägare, placeringsrådgivare och andra intressenter på aktiemarknaden.

Vi hoppas att Du uppskattar denna service.