Press Releases

Resignation Application from a Director

10.09.2012

Resignation Application from a Director

Selena Oil & Gas Holding AB (hereinafter SOGH) hereby informs that a member of the Board of Directors of SOGH Mr. Viacheslav Pershukov has presented an application for his resignation from the position of the Director in SOGH, effective as of immediately.

Mr. Viacheslav Pershukov, who currently holds a management position in Russian state owned company Rosatom, reasoned his resignation application subsequently: “Necessity for resignation from the position of a director in SOGH is due to changes in the legislation in Russian Federation whereby a person holding a position in a state company’s management cannot simultaneously hold a position in a private or public company. I will, however, continue to support the management of SOGH in the execution of the company’s strategy in future.”

The Russian Parliament passed the new act the 21 of August 2012.

SOGH is grateful for the contribution that Mr. Viacheslav Pershukov as a Director of SOGH has made to the development of SOGH. He will continue to be an advisor to the company.



For further information, please contact:
Indrek Rahumaa, Chairman of the Board,
phone +372 509 2080 or +7 (916) 180 31 62,
e-mail: indrek.rahumaa@selenaoil.com

Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the production and transportation of oil and gas in the Volga-Ural region in the Russian Federation, including Perm and Udmurtia. The company is listed on NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold Fondkommission is the company´s Certified Adviser and liquidity provider, telephone +46 8-503 015 50.

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