Board of Directors resolutions’ disclosure24 Apr 2018
Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 24 April 2018:
Approval of the unaudited quarterly financial statements for the 3-month period ended 31 March 2018 together with the Board of Directors’ Report.
Acceptance of the resignation of Mr. Neil Cave from his position as a member of the Board and Deputy Chairman with effective from 24 April 2018 due to personal related reasons.
Acceptance of the resignation of Mr. Tomoki Nishino from his position as a member of the Board as a representative of Axia Power Holdings B.V. with effective from 24 April 2018.
Acceptance of the resignation of Mr. Masamitsu Suda from his position as a member of the Board with effective from 24 April 2018 due to personal related reasons.
Acceptance of the appointment of Mr. Peter Jones, who has more than 35 years experiences in power sector, as a member of the Board, as a representative of Axia Power Holdings B.V in replacement of Mr. Tomoki Nishino with effect from 24 April 2018.
Appointment of Mr. Tomoki Nishino and Mr. Naoki Takahashi, who have more than 20 years experiences in power sector, as temporary members with effect from 24 April 2018.
Election of Mr. Peter Jones as Deputy Chairman of the Board.
Approval of the appointment of Mr. Peter Jones, Mr. Tomoki Nishino and Mr. Naoki Takahashi as the Audit Committee members with effect from 24 April 2018.
Approval of the appointment of Mr. Naoki Takahashi as the member of Nomination and Remuneration with effect from 24 April 2018.
Approval of the appointment of Mr. Ahmed Al Abri as Company Secretary with effect from 24 April 2018.
