The shareholders of Tethys Oil AB (publ) are hereby invited to attend the
Annual General Meeting on Wednesday May 16th 2012, at 3 p.m. at Van der Nootska
Palatset, St. Paulsgatan 21 in Stockholm.
Notification
To be entitled to participate at the Meeting, shareholders must:
First be included in the register of shareholders maintained by Euroclear
Sweden AB (the Swedish Central Securities Depository & Clearing Organisation)
as of Thursday May 10th, 2012,
Second notify Tethys Oil AB of their intention to attend no later than Thursday
May 10th, 2012; by mail to Tethys Oil AB, Hovslagargatan 5 B, SE-111 48
Stockholm, Sweden, by fax +46 (0)8 505 947 99 by telephone: +46 (0)8 505 947
00, or by e-mail agm@tethysoil.com. Notifications should state names, personal
or corporate identity numbers and registered shareholdings.
For entitlement to participate at the Meeting, shareholders with
nominee-registered holdings must temporarily re-register their shares in their
own names through their nominees in good time before May 10th 2012.
Agenda
1. Opening of the Meeting.
2. Election of Chairman of the Meeting.
3. Preparation and approval of the voting register.
4. Election of at least one person to approve the minutes.
5. Approval of the agenda.
6. Determination as to whether the Meeting has been duly convened.
7. Speech by the Managing Director and the management of the Company.
8. Presentation of the annual report and the auditors’ report, the
consolidated annual report and the auditors’ group report.
9. Resolution in respect of adoption of the profit and loss statement and the
balance sheet and the consolidated profit and loss statement and
consolidated balance sheet.
10. Resolution in respect of appropriation of the Company’s profit or loss
according to the adopted balance sheet.
11. Resolution in respect of discharge from liability of the members of the
Board and the Managing Director.
12. Election of members of the Board and Chairman of the Board.
13. Resolution in respect of the fees payable to the members of the Board and
the auditors.
14. Presentation of proposal for a Nomination Committee and nomination
procedure for the Annual General Meeting 2013.
15. Presentation of proposal to authorize the Board to resolve new issue of
shares.
16. Other matters.
17. Closing of the Meeting.
Proposals for resolutions
Resolution in respect of appropriation of the Company’s profit or loss (item
10)
The Board proposes that no dividend is declared for the financial year 2011.
Election of Board of Directors and Chairman of the Board (item 12)
The Nomination Committees complete proposal will be published on the Company’s
web page at the latest on May 2, 2012.
Resolution in respect of fees payable to the members of the Board and the
auditors (item 13)
The Nomination Committees complete proposal will be published on the Company’s
web page at the latest on May 2, 2012.
Presentation of proposal for a Nomination Committee and nomination procedure
for the Annual General Meeting 2013 (item 14)
The Board proposes that an independent member of the Board invites four of the
largest shareholders of the Company to form a Nomination Committee. The members
of the Nomination Committee shall be presented at the latest six months before
the Annual General Meeting 2013. If a member of the Committee resigns from the
Nomination Committee before the Annual General Meeting 2013, the remaining
members shall invite a new member.
The Nomination Committee shall prepare the following proposals for resolution
to the Annual General Meeting 2013: (i) proposal for Chairman of the meeting,
(ii) proposal for members of the Board of Directors, (iii) proposal for
Chairman of the Board of Directors, (iv) proposal for remuneration of the
members of the Board of Directors, distinguishing between the Chairman and
other members and remuneration for Board Committee work, (v) proposal for
remuneration of the Company’s auditor; and (vi) proposal for principles of the
nomination process for the Annual General Meeting 2014.
If the shareholding in the Company is significantly changed before the
nomination Committee’s work is completed, a change in the composition of the
Nomination Committee may take place. The Nomination Committee shall remain in
office until a new Nomination Committee has been appointed.
Presentation of proposal for authorization for the Board to resolve new issue
of shares (item 15)
The Boards complete proposal will be published on the Company’s web page at the
latest on May 2, 2012.
Documents for the Meeting
Documents for the Meeting will be available from the Company (address and
telephone number stated above) no later than May 2, 2012 at the Company’s web
page www.tethysoil.com and will be sent free of charge to shareholders upon
request.
Stockholm, April 2012
TETHYS OIL AB (publ)
The Board of Directors
——————————————————————————–
———————————
Tethys Oil AB (publ)
Tethys Oil is a Swedish energy company focused on identification and
development for production of oil and natural gas assets. Tethys’ core area is
the Sultanate of Oman, where the company is the second largest onshore oil and
gas concession-holder with licence interests in three onshore blocks. Tethys
also has licences onshore France, Lithuania and Sweden. Tethys’ strategy is to
invest in projects in areas with known oil and natural gas discoveries that
have not been properly appraised using modern technology. In this way, high
returns can be achieved with limited risk.
The shares are listed on First North (TETY) in Stockholm. Remium AB is
Certified Adviser.
Website: www.tethysoil.com