Regulatory News:
Petroplus Holdings AG (SWX:PPHN) today announced that at its Annual
General Meeting, shareholders approved a reduction of share capital by
repayment of CHF 1 par value per share to shareholders payable on July
29, 2008. The shareholders also approved additional authorized share
capital in the amount of CHF 86,751,000. Ms. Maria Livanos Cattaui, Dr.
Walter Grüebler and Mr. Patrick Power were
re-elected by the shareholders to the Board of Directors of the Company
for tenures of three years. The shareholders approved the Annual Report
the Annual Financial Statements of the Company and the Consolidated
Financial Statements for 2007, granted discharge to the members of the
Board of Directors and the Senior Management of the Company, and
re-elected Ernst and Young Ltd., Zurich, as auditors.
Petroplus Holdings AG is the largest independent refiner and wholesaler
of petroleum products in Europe. Petroplus focuses on refining and
currently owns and operates seven refineries across Europe: the Coryton
refinery on the Thames Estuary in the United Kingdom, the Ingolstadt
refinery in Ingolstadt, Germany, the Belgium Refining Company refinery
in Antwerp, Belgium, the Petit Couronne refinery in Petit Couronne
France, the Cressier refinery in the canton of Neuchâtel
Switzerland, the Reichstett refinery in Alsace, France and the Teesside
refinery in Teesside, United Kingdom. The refineries have a combined
throughput capacity of approximately 864,000 bpd.
