Press Releases

Reverse split of shares and Invitation to EGM


The Board of Directors of Emitor Holding AB (publ) (subject to change of name to Selena Oil & Gas Holding AB (publ); the “Company”) yesterday decided the following:

(1) The extraordinary general meeting of the Company held on 6 may 2011 resolved on a reverse share split 1:100. The new number of shares will be 41,347,500. It was resolved pursuant to the authorisation by the extraordinary general meeting that the record date for the reverse share split shall be 7 June 2011, or, in the event the registration of the reversed share split with the Swedish Companies Registrations Office has not be completed at the latest 26 May 2011, 6 banking days after such registration has been completed. As soon as the Swedish Companies Registration Office has registered the reverse share split, the Company will announce the last day of trading with the old number of shares and the first day of trading with the new number of shares.

(2) To convene an extraordinary general meeting on 9 June 2011 with the purpose of authorising the Board of the Company to issue up to 25 million new shares. New issue of shares may be made with or without preferential right for the shareholders and with or without provisions regarding non-cash consideration, set-off or other provisions specified in Chapter 13 Section 5, first paragraph, 6, of the Swedish Companies Act. The new issues supported by the authorisation shall be made at the estimated market value with deduction for the discount which may be required to obtain interest for the subscription. The purpose of the authorisation and the deviation from the shareholders’ preferential rights is to is to provide the Board with flexibility in its work to secure that the Company, in a suitable way, can be provided with capital for the financing of the business or acquisitions of companies as well as to enable a broadening of the ownership base of the Company. This authorization shall replace previously existing authorisations for the Board of Directors to resolve on new issues of shares.

The complete notice of the extraordinary general meeting can be found on the web site:, and is also enclosed.

Mangold Fondkommission acts as the Company´s Certified Adviser and Liquidity Provider, contact number: +46 8-503 015 50.

For further information, please contact:
Indrek Rahumaa
Member of the Board of Directors
Tel +372 509 2080 or +7 (916) 180 31 62
Address: Sjöviksbacken 14, SE-117 43 Stockholm, Sweden

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Click here for Emitor Holding AB (publ) Press releases 2008 – 2011