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Regulatory press release

Atlantic Petroleum AGM Results

Atlantic Petroleum

Tórshavn, Faroe Islands, 2019-05-01 11.30 GMT (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK)

The Company’s Annual General Meeting (AGM) was concluded on April 30th, 2019, with the following conclusions based upon the previously announced agenda:

  • Petur-Even Djurhuus was elected Chairman of the Meeting.
  • Audited Annual Accounts were approved.
  • The remuneration level for the Board in 2018 and the proposed amount for 2019 was approved.
  • The existing board members were confirmed as elected to the Board of Directors for the next period. 
  • P/F Januar løggilt grannskoðaravirki was confirmed as auditor for the next period and will sit until the next Annual General Meeting in 2020. 
  • Under Any Other Business the Company’s approach to re-financing was presented. Further agreement will be subject to the necessary shareholder approval before confirmation.

Atlantic Petroleum in brief:

Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has subsidiaries and offices in the UK and Norway. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen and on the Oslo Stock Exchange.

Further Details:

Further details can be obtained from Graeme FAWCETT, CEO, (graemef@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.

Announcement no.: 8/2019

Issued: 01-05-2019

P/F Atlantic Petroleum
Yviri vio Strond 4
P.O.Box 1228
FO-110 Torshavn
Faroe Islands

Website: www.petroleum.fo

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