Atlantic Petroleum P/F - AGM Information 2020

Atlantic Petroleum - Result of the Annual General Meeting 30th April 2020

Tórshavn, Faroe Islands, 2020-04-30 (GLOBE NEWSWIRE) -- Today P/F Atlantic

Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) held the

Annual General Meeting in Tórshavn, Faroe Islands.

* Petur Even Djurhuus was elected Chairman of the Meeting.

* The Chairman presented the Board of Director's and management's statement of

the Company's activity during 2019.

* The audited Annual Accounts were presented and approved by the General

Meeting.

* The General Meeting approved the remuneration to the Board in A: 2019 and B:

* It was decided to carry forward the result from 2019 to the next year.

* According to the Articles of Association all Members of the Board are up for

election for a period of one year, namely: Ben Arabo, Kaj Johannessen and

Mourits Joensen. The Board proposed re-election. The General Meeting elected

the board members proposed by the Board.

* As proposed it was decided to elect P/F Januar løggilt grannskoðaravirki,

Óðinshædd 13, 100 Tórshavn, as auditors, for the period until the next

Annual General Meeting.

* The General Meeting of the Company unanmously approved the de-listing of the

secondary listed shares of the Company from the Oslo Bors and to authorise

the Board of Directors of the Company to take any and all steps and measures

necessary in reation to this decision.

The Board constituted itself with Ben Arabo as Chairman and Kaj Johannesen as

Deputy Chairman.

Further Details:

Further details can be obtained from Mark T. Højgaard, ([email protected]

(mailto:[email protected])). This announcement will be available, together with

other information about Atlantic Petroleum, on the Company's website:

www.petroleum.fo. (http://www.petroleum.fo./)

Announcement no.: 5/2020

Issued: 30-04-2020

P/F Atlantic Petroleum

Lucas Debesargøta 8

P.O.Box 1228

FO-110 Torshavn

Faroe Islands

Website: www.petroleum.fo (http://www.petroleum.fo/)

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