Misen Energy postpones extra general meeting

The Board of Directors of Misen Energy AB (publ) ("Misen" or the "Company") today announces that they have resolved to cancel the extra general meeting on 28 May 2024.

As a result of several major shareholders not being able to register their shares for Misen's extra general meeting on 28 May 2024, the Board of Directors of the Company has resolved to cancel the extra general meeting and convene a new extra general meeting in order to give more shareholders the opportunity to consider the approval of sale of all shares in the Company's subsidiary Misen Enterprises AB.

A new extraordinary general meeting will be held on 12 June 2024 in accordance with a separate notice.

For further information, please contact:

Göran Wolff, MD

Direct line:  +46 31 759 50 72

Mobile:        +46 709 45 48 48

E-mail:        goran@misenenergy.se

                   info@misenenergy.se

The company was founded in 2004 and its shares have been traded on Nasdaq First North Growth Market since June 2007. In 2011, Misen Energy AB (publ) acquired Misen Enterprises AB and its Ukrainian subsidiary, LLC Karpatygaz, including the rights to 50.01% of the revenue and profit from a gas production project in Ukraine. Misen Energy AB (publ) acquired the rights to produce hydrocarbons under Joint Activity Agreement No.3 ("JAA No.3") between Misen Enterprises AB and LLC Karpatygaz (together 50.01%) and JSC Ukrgasvydobuvannya (49.99%), a subsidiary of the NJSC Naftogaz of Ukraine. The purpose of the JAA No.3 was to significantly increase production of hydrocarbons by providing modern technologies via a large-scale investment program for the purposes of attainment of profits.

The JAA No.3 (as amended and restated) was terminated in June 2018. As a result, Misen Energy AB (publ) received compensation that reflected its share of the replacement costs of the equipment subject to the joint ownership under the JAA No.3. In March 2021, Misen Energy AB (publ) and Misen Enterprises AB initiated an investment arbitration against Ukraine (ICSID Case No. ARB/21/15) concerning Ukraine`s breaches of the investor`s rights resulting from the imposition of a 70% subsoil use charge.

The registered office of Misen Energy AB (publ) is in Stockholm. Misen Energy AB (publ) is listed on Nasdaq First North Growth Market and the Company adheres to the rules and regulations for First North. The Company's Certified Adviser is Carnegie Investment Bank AB (publ).

For further information, please visit our website www.misenenergy.se.

https://news.cision.com/misen-energy-ab/r/misen-energy-postpones-extra-general-meeting%2Cc3988789

Misen Energy postpones extra general meeting