Petrogrand AB: Calls for Shelton EGM – The Worm Turns

The Board of Petrogrand AB, as a shareholder with approximately 11,0 percent of the voting rights and approximately 12.3 percent of the capital in Shelton Petroleum AB, has decided to call for an Extraordinary General Meeting in Shelton.

Petrogrand’s purpose with the request of Extraordinary General Meeting is for the meeting to decide whether to appoint a minority auditor and whether to change the Board of Directors in Shelton.

The Board of Petrogrand has in writing, on 18 March, 2014 requested that Shelton calls for Extraordinary General Meeting. In accordance with the Swedish Companies Act (2005:551), this means that Shelton is to call for an Extraordinary General Meeting no later than 1 April, 2014.