Alliance Oil Company Ltd's shareholders gathered in Stockholm yesterday for the
Annual General Meeting (AGM).
The AGM adopted the income statements and balance sheets for the company and the
group and the board of directors and the managing director were discharged from
liability for the financial year 2009.
The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov,
Mr. Raymond Liefooghe, Mr Claes Levin, Mr Isa Bazhaev, Mr Fernando
Martinez-Fresneda and Mr Eric Forss. Mr. Eric Forss was re-elected as chairman
of the board.
As auditor until the next AGM, the AGM elected Deloitte AB with Mr. Svante
Forsberg as responsible and ZAO Deloitte & Touche CIS with Ms. Natalia Golovkina
as responsible.
The AGM also approved the nominating committee's other proposals.
The AGM resolved that the principles for the nominating process shall continue
to apply.
The AGM also resolved to increase the authorized share capital to MUSD 220, and
on an extension of the board's authorization to issue shares and other financial
instruments. Finally the AGM resolved to make some minor changes to the
company's bye-laws.
Alliance Oil Company's managing director Mr Arsen Idrisov addressed the AGM and
updated shareholders on the company's progress and future plans.
For further information:
Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18
08
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 613 00 85
Also visit www.allianceoilco.com
Alliance Oil Company Ltd is a leading independent oil company with vertically
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and
probable oil reserves of 526 million barrels, refining capacity of 70,000
barrels per day and a network of gas stations and wholesale oil products
terminals. Alliance Oil's depository receipts are traded on the Nasdaq OMX
Nordic under the symbol AOIL.
