Current Report No. 28/2017Date: 2017-05-31Issuer's
trading name: SERINUS ENERGY INC.
Title: Appointment of the Directors for the Next Term
Legal basis: Article 56, Section 1, Item 2 Act on Public Offering -
current and periodical information
Content:Referring to the current report No. 27/2017 of May
31, 2017 concerning resolutions adopted by the Annual and Special
General Meeting (the "Meeting") of SERINUS ENERGY INC. ("Issuer", or
"Company", "SEN") shareholders, the Company's Management announces that
on May 31, 2017, the Company's Meeting adopted the resolution, pursuant
to which until the next annual meeting of shareholders the Board of
Directors of the Company will consist of nine elected members
("Directors"). The following persons have been elected by the Meeting as
the directors of the Company:
1. Jeffrey D. Auld,2. Sebastian T. Kulczyk,3. Helmut J. Langanger4.
Dominik G. Libicki5. Łukasz A. Rędziniak6. Evgenij
Iorich7. Eleanor Barker8. Duncan Nightingale
The directors have been elected to hold such office until the next
annual meeting of shareholders or until their successors are duly
elected or appointed.
Four of the Corporation's eight directors, being Mr. Iorich, Mr.
Langanger Mr. Nightingale and Mrs. Barker, are "independent" (as defined
in National Instrument 58-101 - Corporate Governance Disclosure). The
board has concluded that Mr. Auld, as Executive Officer of the
Corporation, and Mr. Kulczyk, Mr. Libicki and Mr. Rędziniak , as
executive officers of KI (which owns approximately 52.17% of the issued
and outstanding Shares of the Corporation), are not independent. The
number of independent directors (4) is equal to the number of
non-independent directors (4). To facilitate the exercise of independent
judgment in carrying out its responsibilities, the board has ensured
that all of its committees are comprised of independent directors or, in
the case of Mr. Rędziniak's membership on the Compensation & Corporate
Governance Committee and Mr. Libicki's membership on the Audit
Committee, that they are independent of management of the Corporation.
The Company encloses information about the appointed directors in
attachment to this report pursuant to art. 28 of the Ordinance of the
Ministry of Finance dated 19 February 2009 on current and periodical