The joint stock company Ventspils nafta has received draft resolutions of the extraordinary shareholders' meeting of JSC Ventspils nafta to be held on July 20, 2007 sent by fax from the law office Heidelberga on behalf of JSC Latvijas naftas tranzīts as an initiator of the meeting. Having regard of regulations of the Riga Stock Exchange (RSE) in terms of disclosure of information, as well as basic principles of good practice for public joint stock companies defined by it, the Management Board for JSC Ventspils nafta previously sent a written invitation to JSC Latvijas naftas tranzīts asking to submit in due time the drafts resolutions of the meeting and a list of its nominees to the Supervisory Board for JSC Ventspils nafta. Under rules of RSE information about last three year's professional experience of nominees to a supervisory board shall be obligatory disclosed. Draft resolutions sent by JSC Latvijas naftas tranzīts from Heidelberga office contain just a text of two items of the agenda. One of them provides for recall of the Supervisory Board for JSC Ventspils nafta, but another one - election of 11 new members of the Supervisory Board, and no names of concrete nominees for members of the Supervisory Board are mentioned there. In his letter, Dzintars Kašs, the representative of JSC Latvijas naftas tranzīts, states that information about candidates for members of the Supervisory Board nominated by JSC Latvijas naftas tranzīts will be submitted to shareholders of JSC Ventspils nafta at the shareholders' meeting as stated by the Commercial Law. The extraordinary shareholders' meeting of JSC Ventspils nafta will be held on July 20, 2007 at 10.00 am in the Ventspils nafta Business Centre at Ostas St. 23 in Ventspils. The following two items are on the agenda of the meeting taking into consideration the claim of JSC Latvijas naftas tranzīts defined as a necessity to reelect the Supervisory Board of JSC Ventspils nafta: recall of the Supervisory Board for JSC Ventspils nafta and election of members of the Supervisory Board for JSC Ventspils nafta. Shareholders' registration on the day of this meeting, 20 July 2007, is planned from 9 am to 9.45 am at the venue of the meeting. The shareholders have rights to participate in the meeting individually or by their authorized representatives or attorneys. Shareholders having a financial instruments account (securities account) with a credit institution or an investment brokerage company shall present, upon registration, a passport or other personal identification document and a receipt confirming blocking of shares on the account issued by the holder of the financial instruments account (securities account). Shareholders having their securities deposited at the initial register shall present, upon registration, a passport or other personal identification document. Representatives and attorneys shall present, upon registration, a personal identification document and a written power of attorney (the form of power of attorney is available on the website of JSC Ventspils nafta www.vnafta.lv) or authorized representatives shall present a document certifying the authority, but if a shareholder has a financial instruments account (securities account) with a credit institution or an investment brokerage company, a receipt issued by the holder of financial instruments account (securities account) certifying blocking of shares shall be presented. Shareholders of JSC Ventspils nafta shall apply for blocking shares on their financial instruments accounts (securities accounts) not later than by July 10, 2007 (by the end of a business day). Draft resolutions on the agenda of the meeting are available upon a request of shareholders of JSC Ventspils nafta starting from July 6, 2007 till July 19, 2007 at premises of JSC Ventspils nafta, 23 Ostas St., Ventspils, Latvia on all business days from 2.00 pm till 5.00 pm and on the meeting day - at the venue of registration, 23 Ostas St., Ventspils. The total number of JSC Ventspils nafta voting shares is 104, 479, 519. JSC Ventspils nafta For further information, please contact Gundega Vārpa Telephone: 7229793 E-mail: gundega.varpa@vnafta.lv
JSC Latvijas naftas tranzīts does not reveal its nominees to the Supervisory Board for JSC Ventspils nafta
| Source: Ventspils nafta