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PIEP decides not to exercise its double voting rights

Sep 3, 2020

 

More than 99% of the shares held by the majority shareholder PT Pertamina International Eksplorasi Dan Produksi (“PIEP”) should have been eligible for double voting rights (at the end of August 2020 and at the end of February 2021) under a holding period of registered shares of more than four years in accordance with the provisions of the French Commercial Code and the Articles of Association of Maurel & Prom S.A. (“M&P”).

PIEP decides not to exercise its double voting rights