The proposal is subject to shareholder approval at a meeting scheduled for June13 or June 14 if a quorum is not reached at the initial meeting.
Rompetrol Well Services on Thursday dismissed Adrian-Ion Stanescu from his position of chairman of the board. Stanescu, who serves as general manager of the company, was replaced as board chairman by Talgat Issayev, administrator of Rompetrol Well Services.
Stanescu retained his position as member of the board.
Rompetrol Well Services reported a net profit of 6.6 million lei (EUR1.52 million) in the first quarter, double on the year. Sales rose 38% to RON25.6 million, the company said in its financial report.
Rompetrol Well Services is 71.74%-owned by Dutch-based The Rompetrol Group, controlled by Kazahstan’s KazMunayGas.
At around 11:50 Friday morning, Rompetrol Well Services traded up 12.04% at RON0.4 a share in Bucharest, valuing the company at RON111.2 million. (EUR1=RON4.3429)