The restrictions imposed in Switzerland due to the COVID-19 outbreak have eased in recent days and weeks. Events with up to 300 people are now permitted. These include annual general meetings of shareholders (AGMs) in Switzerland.
Terraoil Swiss AG already held an extraordinary shareholders' meeting in 2020 with a restricted number of attendees. Terraoil also hosted its first multimedia conference for shareholders on 27 March 2020 in order to provide shareholders an update and communicate the decisions made at the shareholders' meeting.
Further timeline: Lockdowns in both Switzerland and Albania have necessitated the postponement of the AGM regarding financial year 2019 to the 2nd half of 2020. The Board and management of Terraoil consider an in-person meeting with shareholders and the traditional opportunity to have individual discussions important in communicating the recent progress of the Company. The date of the meeting will be communicated to all shareholders in due course.