Last checked at 4 Mar 2016 15:22
IG Seismic Services PLC
IG SEISMIC SERVICES ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING
Moscow, March 4, 2016
IG Seismic Services PLC ("IGSS" or the "Company", LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announced results of Extraordinary General Meeting of the Company, held on Wednesday, March 2, 2016, at the Сompany's office at Arch. Makariou, III, 2-4 Capital Business center, 9 floor, 1065 Nicosia, Cyprus.
A quorum of the shareholders was present at the EGM.
Resolutions passed:
1. To approve the delisting of all Rule 144A and Reg S Global Depositary Receipts each representing 2 ordinary shares of the Company, currently listed on the London Stock Exchange and termination of the Deposit Agreement dated 05.12.2012 between the Company and JPMORGAN CHASE BANK, N.A.;
2. To approve the Company to hold on trust the shares represented by the delisted GDRs for and on behalf of the beneficial owners of the Global Depositary Receipts which remain outstanding after the date of the Deposit Agreement termination unless and until the relevant share certificates have been issued to and in the name of such owners whereby the Company will proceed to (i) make the necessary entries in the register of members of the Company, (ii) issue share certificates in the name of the beneficial owners of the GDRs, (iii) update the public records at the Cyprus registrar of companies;
3. To approve resignation of all members of the Board of Directors;
4. To elect new members of the Board of Directors and approve new composition of the Board of Directors, consisting of 7 Directors:
1) Arutyunov Nikolay as an Independent Director of the Company;
2) Gasparyan Vagan as Non-executive Director of the Company;
3) Generalov Sergey as Non-executive Director of the Company;
4) Gilev Sergey as Non-executive Director of the Company;
5) Levitskiy Nikolay as an Executive Director, CEO of the Company;
6) Martin Olivier as Non-executive Director of the Company;
7) Rohan Gerald as an Independent Director of the Company.
Contacts
For further information please visit www.igseis.com or contact:
IGSS Board of Directors Secretary (Nicosia, Cyprus)
Anna Zaytseva
+ 357 96 23 6111
azayceva@igseis.com
IGSS Investor Relations (Moscow, Russia)
+ 7 495 580 7882
query@igseis.com
This document may contain "forward-looking statements" which include all statements other than statements of historical fact. Such forward-looking statements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the IG Seismic Services plc's (the "Company") control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The information and opinions contained in this document are provided as at the date of this document or as otherwise specified herein and are subject to change without notice.