RIGA, LATVIA, 2011-12-07 17:53 CET (GLOBE NEWSWIRE) -- There were 93.47% of the shares with voting rights represented in the extraordinary shareholders’ meeting of JSC “Latvijas kuģniecība” (NASDAQ OMX RIGA: LSC1R) that was held on December 7.
The shareholders’ meeting dismissed all members of the Supervisory Council of JSC “Latvijas kuģniecība” (LK) and took notice of the fact that Olga Pētersone herself has left the position of member of the LK Supervisory Council.
The extraordinary shareholders’ meeting elected a new Supervisory Council consisting of 12 members. Out of the elected members of the company’s Supervisory Council, Serguei Choutov and ivars Girgensons were not in the composition of the previous Supervisory Council.
The following persons were elected in the new Supervisory Council – Simon Boddy, Mikhail Dvorak, Christophe Theophanis Matsacos, Rubil Yilmaz, Vladimir Egger, Javed Ahmed, Mark Morrel Ware, Oļegs Stepanovs, Mārtiņš Kvēps, Serguei Choutov, Jaakko Sakari Mikael Salmelin and Ivars Girgensons.
The extraordinary shareholders’ meeting assigned Simon Boddy, member of the newly elected Supervisory Council, to convene the first meeting of the newly elected Supervisory Council of joint stock company “Latvijas kuģniecība”, as well as to take other necessary actions in this regard.
The shareholders’ meeting adopted a resolution that the new Supervisory Council – the same as the previous – will work without any remuneration. The Supervisory Council is elected for 5 years.
At the moment, out of 12 members elected into the LK Supervisory Council:
- Seven were nominated for election by the shareholder JSC “Ventspils nafta”, which owns 49.94% of the company’s shares – Simon Boddy, Mikhail Dvorak, Christophe Theophanis Matsacos, Rubil Yilmaz, Vladimir Egger, Javed Ahmed and Mark Morrel Ware.
- Three were nominated by the shareholder JSC “International Baltic Investments”, which owns 27.55% of LK’s shares, and they are Mārtiņš Kvēps, Oļegs Stepanovs, Sergejs Šutovs.
- One Supervisory Council member – Ivars Girgensons – was nominated by the shareholder State Social Insurance Agency, which holds 10% of the state-owned shares of the company.
- One Supervisory Council member – Jaakko Sakari Mikael Salmelin – was nominated by a number of investment funds that own LK shares.
Ivars Girgensons, who was nominated for work in the LK Supervisory Council by the State Social Insurance Agency, is a lawyer in the corporate finance company “Confide”. His main area of specialization is civil law and commercial law. Previously he has managed “Creative Consultation Centre” Ltd, has worked for “Baltijas Ofiss” Ltd, “Akvašips” Ltd, has been a manager of a branch of JSC “SEB banka”.
About JSC “Latvijas kuģniecība”
In the medium-sized or handy tankers category JSC „Latvijas kuģniecība” is among the leading ship owners in the world, and in terms of transport volumes of petroleum products it is also in a leading position among similar companies in Northern Europe. It owns 20 modern ships, employing more than 700 professional and highly qualified seamen from Latvia. The total carrying capacity of the LK fleet is nearly one million DWT and the average age of the fleet does not exceed 4 or 5 years. All ships have received ISM (International Safety Management) certificates.
Ilze Nagla
Public Relations Manager
JSC “Latvijas kuģniecība”
Tel.: 29267454, 67715914
E-mail: ilze.nagla@vnafta.lv