TIDMJUB
RNS Number : 6678X
Jubilant Energy N.V.
12 February 2013
12(th) February, 2013
Jubilant Energy N.V.
("Jubilant" or the "Company")
Proposed appointment of Mr Radhey Shyam Sharma as Non Executive
Non Independent Director and Notice of EGM
Jubilant is pleased to announce the proposed appointment of Mr
Radhey Shyam Sharma as a Non Executive Non Independent Director of
the Company for a period of three years. The appointment is subject
to approval by shareholders of the Company for which an
Extraordinary General Meeting has been convened on 21(st) March,
2013 (the "EGM"). Notice of the EGM will be sent to shareholders in
due course, which shall be announced and made available on the
Company's website www.jubilantenergy.com.
Mr Sharma, aged 62 years, is a Graduate from Delhi University.
He is also a Fellow Member of the Institute of Cost Accountants of
India and an Associate Member of the Indian Institute of Bankers.
Over the years, he attended various management programs in India
and overseas more specific to Oil and Gas Industry and Management
Strategies.
He has over 40 years' rich and varied business and management
experience. He worked with the Union Bank of India from April, 1972
to September, 1982, with experience in branch banking and
specialization in Credit Appraisal.
In October, 1982 he moved to middle level finance team of
another Public Sector Undertaking which was engaged in construction
of roads and bridges in countries outside India, including
functioning as Regional Head of Finance for Iraq region from
October 1982 to July 1986.
In July, 1988 he joined the Oil and Natural Gas Corporation
Limited (ONGC) working in areas of Financial Management, Financial
appraisal, Project appraisals, Treasury Management at middle and
senior level in various Projects of ONGC as well as its corporate
office.
In January, 2002, Mr Sharma was appointed as Director Finance -
ONGC Videsh Limited and in March, 2002 as Director Finance - ONGC
in addition to his existing responsibilities.
During May, 2006 to January, 2011 he served as Chairman and
Managing Director - ONGC. In addition he was also the chairman of
ONGC Videsh Limited, Mangalore Refinery and Petrochemicals Limited,
ONGC Petro-additions Limited, ONGC Tripura Power Company Limited,
ONGC Mangalore Petrochemicals Limited, Mangalore SEZ Limited and
ONGC Mittal Energy Limited.
Presently, Mr Sharma is on the Board of Corevalues Consulting
Pvt Limited as Chairman & Managing Director, as Independent
Director on the Board of IndusInd Bank Limited and Steag O&M
Company Pvt Limited and as part time Non Official Director with
Dedicated Freight Corridor Corporation of India Limited and the
Rail Vikas Nigam Limited. He is also on the Board of Avendus
Capital Pvt Limited.
In addition, he holds non Board positions as Chairman of Lloyd's
Register-South West Asia, Chairman of Hydrocarbon Committee, FICCI,
the Chairman of National Expert Committee on Public Policy, Indian
Chamber of Commerce, Chairperson of the Quality Review Board,
Institute of Cost Accountants of India and as a Member of National
Council, AIMA
Further details of Mr Sharma's current and previous
directorships / partnerships in the previous five years are
provided below.
Mr Sharma does not hold any beneficial interest in shares or
options in the capital of Jubilant.
The Board considers the appointment of Mr Radhey Shyam Sharma as
Non Executive Non Independent Director to be in the interest of
Jubilant and recommends the same for the appointment by the
shareholders.
As required by Dutch law, Jubilant will give notice of an EGM of
shareholders to approve the appointment of Mr Sharma. The EGM will
be held on Thursday, the 21(st) March, 2013 at 2.30 p.m. (Central
European Time) at the Sheraton Amsterdam Airport Hotel, Schiphol
Boulevard 101, 1118 BG Amsterdam, The Netherlands.
Enquiries:
Jubilant Energy Vipul Agarwal +91 120 4025700
Panmure Gordon Callum Stewart, Adam James +44 20 7886 2500
Deutsche Bank Rajat Katyal, Drew Price +44 20 7547 8000
Matthew Tyler, Alexandra
College Hill Roper +44 20 7457 2020
EGM notice and explanatory notes
The notice of EGM and the explanatory notes to the agenda will
be available in due course on Jubilant's website
www.jubilantenergy.com (the "Website"), and may also be obtained
free of charge, during office hours until the time of the EGM, by
the parties entitled to attend the EGM, from the office of Jubilant
at Orlyplein 10, 24th Floor, 1043 DP Amsterdam, the
Netherlands.
Holders of Depository Interests for shares in Jubilant's capital
("DI Holders") shall also have the notice of EGM and the
explanatory notes sent to them by Capita IRG Trustees Limited, as
depository for Jubilant (the "Depository").
Record Date and registration
The Board has determined that for parties that wish to (and are
entitled to) attend the EGM, their details must be recorded, as
indicated below, on the 28(th) day prior to that of the EGM, i.e.
on 21(st) February, 2013, following the processing of all
acquisitions, disposals and other mutations on that date (the
"Record Date").
As the register for recording DI Holders, the Board has
designated the DI Holders register kept by the Depository. Those
recorded in the DI Holders' register on the Record Date do not need
to take further action to have themselves registered, and are
considered to be entitled to attend and exercise their rights at
the EGM.
As the register for recording the details of parties entitled to
attend the EGM, not being DI Holders, the Board has designated
Jubilant's shareholders' register maintained at the office of
Jubilant at Orlyplein 10, 24(th) Floor, 1043 DP Amsterdam, the
Netherlands. Those recorded in Jubilant's shareholders' register on
the Record Date do not need to take further action to have
themselves registered, and are considered to be entitled to attend
and exercise their rights at the EGM.
Admission to the EGM with valid identification only
No separate receipt of registration will be issued for the EGM.
The parties entitled to attend the EGM, or their representatives,
are requested to present a valid means of identification at the
reception desk at the EGM entrance. Access to the EGM is permitted
only after verification of the personal identification.
Exercise of rights, proxy and form of direction
Parties entitled to attend the EGM may exercise their rights to
attend, speak and/or vote at the EGM in person or by a
representative.
Parties entitled to attend the EGM, not being DI Holders, may
authorise a representative in writing (by means of the template
referred to below in this paragraph) or by means of an
electronically recorded proxy (subject to the conditions referred
to below in this paragraph), provided that the (written or
electronic) proxy has been received by the Board no later than on
the 7(th) day prior to that of the EGM, i.e. no later than on
14(th) March, 2013. A template for a written proxy can be
downloaded from the Website and may also be obtained free of
charge, during office hours until the time of the EGM at Jubilant's
office. The written proxy must be completed and duly signed by the
party entitled to attend the EGM. Written proxies may be delivered
to the Board by sending a PDF-copy thereof to the following e-mail
address: CorporateCommunications@jubilantenergy.com. Electronic
proxies may only be provided by e-mail, using the above-mentioned
e-mail address; other means of electronically recorded proxies
shall only be allowed with the prior approval of the Board's
Chairman or Co-Chairman. All proxies (in writing or electronic)
must be accompanied by a notarised copy of the valid passport or
other official means of valid identification of the person granting
the proxy, and must have the same material content as prescribed by
the template for the written proxy (as referred to above). Where
the party granting the (written or electronic) proxy is a corporate
body, it shall be assumed that (i) all necessary internal approvals
have been obtained by that party in respect of granting the proxy
and exercising the rights at the EGM and (ii) the proxy has been
validly granted on the corporate body's behalf.
DI Holders entitled to attend the EGM may instruct the
Depository in writing or through the CREST Proxy Voting Service in
accordance with the procedures set out in the CREST Manual to
exercise their rights to attend, speak and/or vote at the EGM by
means of a form of direction, provided that the form of direction
and the power of attorney or other authority (if any) under which
it is signed, or a notarially or otherwise certified copy thereof,
has been deposited at the office of the Depository at Capita
Registrars, PXS, 34 Beckenham Road, Beckenham, Kent BR3 4TU,
England, no later than at 2.30 p.m. (Central European Time) on
11(th) March, 2013. A template form of direction can be obtained
from the Depository.
Mr Sharma 's present and previous directorships / partnerships
in the previous five years is provided below
Present Directorships / Partnerships
Name of the Company Nature of Interest
1. Corevalues Consulting Pvt Limited Chairman & Managing Director
2. IndusInd Bank Limited Director
3. Steag O&M Company Pvt Limited Director
4. Dedicated Freight Corridor Corporation Director
of India Limited
5. Rail Vikas Nigam Limited Director
6. Avendus Capital Pvt Limited Director
Past Directorships / Partnerships
Name of the Company Nature of Interest
1. Oil and Natural Gas Corporation Limited Chairman & Managing Director
2. ONGC Videsh Limited Chairman
3. Mangalore Refinery & Petrochemicals Chairman
Limited
4. ONGC Petro Additions Limited Chairman
5. ONGC Tripura Power Company Limited Chairman
6. ONGC Mangalore Petrochemicals Limited Chairman
7. Mangalore SEZ Limited Chairman
8. Mangalam Retail Services Limited Director
9. Kakinada SEZ Private Limited Director
10. Kakinada Refinery and Petrochemicals Director
Pvt Limited
There is no further information that is required to be disclosed
under paragraph (g) of Schedule 2 to the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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