The board of Latvijas Gaze natural gas utility has convened a foundation meeting for gas distribution system operator Gaso on November 22, according to the company’s statement to the Nasdaq Riga stock exchange. Latvijas Gaze will be the sole founder and shareholder in the new company.
According to the draft Articles of Association, Gaso supervisory board will consist of 11 members, elected by shareholders for a term of three years. The executive board will consist of five members elected by the supervisory board for a term of three years.
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