TEO : Nominees to the Board of TEO LT, AB

TEO LT, AB (hereinafter ‘the Company’ or ‘TEO’) from the largest shareholder of the Company, TeliaSonera AB, which holds 88.15 per cent of the Company’s shares and votes, received a letter with the list of nominees to the Company’s Board for the current term of the Board instead of members of the Board Malin Frenning, Jens Lööw and Mats Lillienberg who are resigning from the Board as of 28 April 2014. The resigning members of the Company’s Board from April 2014 took new positions at TeliaSonera AB, which are not be directly related to TEO.
Robert Andersson (born in 1960) is Executive Vice President and Head of Region Europe at TeliaSonera AB, Sweden. Education: Master of Business Administration, International Business, George Washington University, Washington DC; Master of Science, Accounting/Finance, Swedish School of Economics and Business Administration, Helsinki. Current Board assignments: member of the Board of Enea AB, Sweden. He holds 10,000 shares in TeliaSonera AB and has no direct interest in the share capital of TEO LT, AB.
Stefan Block (born in 1967) is Chief Financial Officer of Region Europe at TeliaSonera AB, Sweden. Education: Bachelor of Science in Business and Administration, University of Stockholm, Sweden. He is not involved in activities of other companies and has no direct interest in the share capital of TEO LT, AB.
Claes Nycander (born in 1963) is Chief Technology Officer of Region Europe at TeliaSonera AB, Sweden. Education: Master of Business and Administration, Uppsala University, Sweden; Master of Science in Electrical Engineering, Stanford University Palo Alto (U.S.A.); Master of Science in Electrical Engineering, Technical University of Linköping, Sweden; Bachelor of Science in Mathematics, University of Linköping, Sweden. Current Board assignments: member of the Board of Systecon AB, Sweden. He has no direct interest in the share capital of TEO LT, AB.
Following provisions of The Governance Code for the Companies Listed on the NASDAQ OMX Vilnius stock exchange nominees upon election would be regarded as non-executive member of the Board.
The documents possessed by the Company related to the agenda of the Meeting, including draft resolutions, are available at the headquarters of TEO LT, AB, Lvovo str. 25, Vilnius, Lithuania, or at the Company’s internet website www.teo.lt.
This news release was distributed by GlobeNewswire, www.globenewswire.
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1 Kommentar 11.4.14 15:54, kommentieren


UN renews call for rights monitoring in W Sahara

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Explore how the UN strengthens peace and security was this concise text.
Vienna – The UN Secretary General Ban Ki-moon on Thursday renewed his appeals for sustained human rights monitoring in the disputed territory of northern Africa's Western Sahara and warned against unfair exploitation of the region's natural resources.
The comments were included in Ban's latest report on Western Sahara to the 15-nation UN Security Council, an advance copy of which was obtained by Reuters.
Morocco took control of most of the territory in 1975 when colonial power Spain withdrew, prompting a guerrilla war for independence that lasted until 1991 when the United Nations brokered a cease-fire and sent in a peacekeeping mission known as MINURSO.
Ban said he welcomed Morocco's willingness to allow special investigators from the UN Human Rights Council to visit the territory and the Polisario Front independence movement's willingness to work with United Nations rights bodies.
"The end goal nevertheless remains a sustained, independent and impartial human rights monitoring," Ban said.
While Ban did not say it directly, UN officials and diplomats say that he would like the UN mission in Western Sahara to take on monitoring human rights violations in the territory, but Morocco, backed by France, has vigorously resisted the idea.
The renewal of the mandate of the peacekeeping mission marks an annual battle in the Security Council between France, which defends Morocco's position, and African nations supporting Polisario.
After sending the report to the council on Thursday, the United Nations issued at least two revised versions of it over the course of several hours. The latest version removes the term "monitoring mechanism" and only refers to "monitoring.
Ahmed Boukhari, the Polisario's UN representative, told Reuters he was disappointed Ban's report didn't go further, adding that Rabat and Paris were putting pressure on the world body.
"Morocco with the help of France are placing the UN in a very uncomfortable situation," he said.
Western Sahara, which is slightly bigger than Britain, has under half a million people known as Sahrawis.
African countries, Britain, the United States and other Western nations have repeatedly called for the UN peacekeepers to be given the task of monitoring alleged human rights abuses.
Ban recommends renewing the mandate of MINURSO for another year, while calling for adding 15 additional UN observers to the 225 already there.
The report also touches on the sensitive issue of the exploitation of Western Sahara's natural resources. It is rich in phosphates - used in fertilizer - and, potentially, offshore oil and gas.
"In light of increased interest in the natural resources of Western Sahara, it is timely to call upon all relevant actors to 'recognise the principle that the interests of the inhabitants of these territories are paramount'," Ban said, citing the United Nations Charter.
French energy giant Total and US oil explorer Kosmos have joined in the hunt for oil off the coast of Western Sahara.
Morocco, Total and Kosmos have all pledged to abide by international standards and pledged that the local population would benefit from discoveries.
Total did not have an immediate response to Ban's report when contacted by Reuters.
Kosmos said in a statement: "Our activities are currently focused solely on exploration... If we were to make a commercially viable discovery, then we would only proceed with development in accordance with international law and best practices," it said.
Rabat wants Western Sahara to be an autonomous part of Morocco. Polisario instead proposes a referendum among ethnic Sahrawis that includes an option of independence, but there is no agreement between Morocco and Polisario on who should participate in any referendum.
Attempts to reach a lasting deal through the UN-mediated talks have floundered. In the report, Ban renewed his call for a revival of the Western Sahara talks aimed at securing a political deal and some form of self-determination for the region.
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11.4.14 15:52, kommentieren