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Annual & Special Corporate Meetings/Confirmation of Supervisory Board
Annual General Meeting of C.A.T. oil AG confirms Supervisory Board
o Principal shareholder Dijols together with two independent members will form
controlling body until annual statement 2016
o Former Management and Supervisory Board members not discharged from their
liability for the business year 2014
Vienna, 29 June 2015
The 10th Annual General Meeting of C.A.T. oil AG today in Vienna confirmed the
Members of the Supervisory Board of the Company, initially elected by an
extraordinary meeting last February. Until the end of the shareholders' meeting,
which resolves the discharge of its liability for the business year 2016, the
controlling body of the oil- and gas-service company with headquarters in
Vienna, will consist of the French oil manager and principal shareholder Maurice
Dijols, the German lawyer Dr. Ralf Wojtek and the Russian based businessman Remi
Paul.
C.A.T. oil AG currently employs about 3.300 employees mainly in Russia. The
company, engaged in drilling and well services, in 2014 produced revenues
amounting to MEUR 411.5 with a net profit amounting to MEUR 56.4. Amongst the
major customers of the company there are large Russian oil-concerns like
Rosneft, Lukoil or Slavneft. Rating agency Moody's only in June confirmed C.A.T.
oil AG's Ba3 rating with stable outlook.
Following the resolution proposals the general meeting furthermore decided not
to discharge the members of the former management board and the former
supervisory board from their liability for the business year 2014. It was also
decided not to grant former members of the supervisory board any remuneration
for 2014 for now. Regarding the reasons for the proposal the company refers to
open legal procedures and ongoing internal investigations linked to former board
members.
The detailed results of the AGM can be seen at www.catoilag.com
Further inquiry note:
Bernhard Grabmayr
SCHOLDAN&Comp.
office@scholdan.com
+43-1-513 23 88-0
end of announcement euro adhoc
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company: C.A.T. oil AG
Kärntner Ring 11-13
A-1010 Wien
phone: +43(0) 1 535 23 20 - 0
FAX: +43(0) 1 535 23 20 - 20
mail: ir@catoilag.com
WWW: http://www.catoilag.com
sector: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English
