Bogdan Tudorache

The shareholders of Oil Terminal decided, within the EGSM of May 28, to reject the plan to set up a dual management system within the company, it is shown in the decision of the meeting.

“With 78.0851% of the voting rights of the present/ represented shareholders, the proposal of the shareholder Dumitrescu Valentin Sebastian to change in the future the form of administration of the company from the unitary system to a dualist system is rejected,” the decision states, which also rejects the proposal to appoint a Supervisory Board consisting of 7 members.

”The proposal of the shareholder Dumitrescu Valentin Sebastian to empower the current Board of Directors of the company in order to start, support and complete the selection procedure for candidates for membership in the future Supervisory Board, within a maximum of 2 calendar months from the moment adoption of the decision is rejected,” as well as the ”proposal of the shareholder… to convene by the current Board of Directors of the company a new EGSM meeting within maximum 1 month from the finalization of the list of potential candidates for membership in the future Supervisory Board,” is also shown in the report presented to the Stock Exchange.