Oil Patch Bits: Calista Corp. begins shareholder outreach tour

Calista Corp. is set to begin an outreach effort to provide information to shareholders regarding an important resolution. Shareholders will decide whether to enroll descendants as shareholders in a binding resolution vote at the 2015 annual meeting. This effort was authorized by shareholders through an advisory vote at the 2013 annual meeting of shareholders.

“The decision whether to enroll descendants as shareholders is a major turning point for Calista Corporation,” said board Chairman Willie Kasayulie. “There are many factors for shareholders to consider before making a decision to vote yes or no. Calista will provide many options for shareholders to get the information they need for an informed vote.”

Calista’s outreach includes a tour of more than 20 communities. The tour will include videos in English and Yup’ik, and a presentation by Calista’s shareholder relations committee followed by a question and answer period. By late November, www.CalistaVote.com will feature the videos, committee presentation, a detailed list of frequently asked questions, and a list of tour dates and locations. By early 2015, a DVD with the videos will be sent to each tribal council and ANCSA village corporation in the Calista region.

If more than 50 percent of all shares voted on this resolution vote yes, the resolution will pass. Should the resolution pass, Calista estimates it will issue the new classes of shares in the first half of 2017.