On February 28, 2011, at the Vung Tau City Petroleum Hotel Hall, Phuoc An Port Investment and Exploitation Petroleum Joint Stock Company successfully held the 2011 Annual Shareholders’ Meeting of the Company. Attending the Meeting were representatives of 212 Shareholders holding 43,801,620 shares, accounting for 99.55% of the shares entitled to vote. The Meeting voted to approve the following contents:
1. Report on the activities of the Board of Directors in 2010 and the 2011 operation plan.
2. Report on the activities of the Supervisory Board.
3. Audited financial statements for 2010.
4. Report on the production and business situation in 2010 and the 2011 implementation plan of the Company’s General Director.
5. Remuneration of the Board of Directors and Board of Supervisors in 2011.
6. Amendment of the Company Charter (first time):
6.1 Amend Clause 5, Article 20 as follows: Shareholders who arrive at the General Meeting of Shareholders more than 15 minutes later than the meeting time stated on the meeting invitation shall not be allowed to attend the General Meeting of Shareholders.
6.2 Amend Clause 6, Article 21 as follows: Decisions passed in the form of sending a written document as prescribed in Clause 5 of this Article shall have the same value as decisions passed at the General Meeting of Shareholders. Issues to be consulted by shareholders in the form of written opinions shall be sent to the registered address of the shareholders. After the time specified in the written opinion document, if the Company does not receive any response from the shareholders, it shall be deemed that the shareholders have agreed to approve, unconditionally comply with and do not complain about the issue for which the Company has requested opinions.
7. Plan and roadmap to increase the Company’s charter capital from VND 500 billion to VND 1,000 billion.
8. Selection of an auditor for 2011.
9. Authorization for the Company’s Board of Directors to: (i) approve the Phuoc An Port Construction Investment Project, and (ii) approve the next steps of the Phuoc An Port Project.
For more information, please contact:
Mr. Pham Kim Hao – Secretary of the Company’s Board of Directors
Phone: 0913 441 357
Email: haopham@pap.vn