The Board of Skeljungur hf. received today a letter from 365 miðlar hf., which controls 10,01% of Skeljungur´s shares, requesting that a shareholders´ meeting will be called where a new Board of Directors will be elected. As there have been considerable changes in the shareholder group recently, 365 miðlar hf. finds it prudent that the Board renews its mandate.
In Article 85 of the Act respecting Public Limited Companies No. 2/1995 and Article 14 of Skeljungur´s Articles of Association it is stated that a shareholders´ meeting shall be held if shareholders, holding minimum 5% of the Company´s shares, request such a meeting in writing and explain their reasons. According to these Articles such a meeting shall be called within 14 days.
Skeljungur´s Board of Directors now prepares to call for a shareholders´ meeting.
For further information please contact Hendrik Egholm, CEO, investors@skeljungur.is, tel: +354-444-3000 / +354-840-3002.
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Skeljungur is an energy company with operations in Iceland and in the Faroe Islands. Skeljungur sells fuel and oil to consumers and businesses in fisheries, agriculture, transportation, aviation and construction under the brands Skeljungur, Orkan and OrkanX. The company also sells fertilizer and other chemical products. In Iceland the Company runs 65 gas stations and 4 oil depots. Magn P/F, Skeljungur´s subsidiary in the Faroe Islands, runs 11 retail and gas-stations and 2 oil depots. Magn also serves and sells oils for house heating to individuals and companies in the Faroe Islands. Skeljungur´s goal is to serve the energy needs of consumers and businesses in an efficient and safe way and in harmony with the environment.
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