Last checked at 27 Apr 2023 12:20
27 April 2023
AGM Notice and Dividend Recommendation
The Board of Directors of PJSC Tatneft (the "Company") resolved to convene an annual general shareholders meeting (AGM) on 16 June 2023 and in case of lack of quorum a repeat AGM on 30 June 2023 with the following agenda:
1. Approval of the annual report of the Company for 2022.
2. Approval of the annual financial statements of the Company for 2022.
3. Approval of profit distribution (including payment (declaration) of dividends) based on the results of the reporting year.
4. Election of the Board of Directors of the Company.
5. Election of the Revision Committee of the Company.
6. Appointment of the Company's auditor.
7. Approval of the new version of the Charter of the Company.
8. Approval of the new version of to the Regulation of the Company on the Board of Directors.
In relation to the AGM the Board of Directors also resolved to:
- to hold the AGM by absentee voting with the ballots to be received by the Company by 11:59pm Moscow time on 15 June 2023 or, in case of the repeat AGM, by 11:59pm on 29 June 2023;
- to set 22 May 2023 as the record date on which the list of persons entitled to participate in the AGM (including the repeat meeting, if required) will be drawn up;
- to make materials relating to the AGM available to the shareholders in accordance with applicable law within 20 days prior to the AGM.
The Board of Directors of the Company resolved to recommend to the AGM to approve the dividends for 2022, taking into account previously paid dividends for the six and nine months of 2022, as follows:
preferred shares: 6728% of the nominal (par) value, i.e. 67 Rubles 28 Kopecks per share;
ordinary shares: 6728% of the nominal (par) value, i.e. 67 Rubles 28 Kopecks per share.
The 2022 final dividend (in addition to the interim dividends for the six and nine months of 2022 of 39 Rubles 57 Kopecks, or 3957% of the par value) of 27 Rubles 71 Kopecks (2771% of the par value) per each preferred and ordinary share to be paid in cash pursuant to the requirements of Russian law.
The Board of Directors recommended to the AGM to establish 4 July 2023 (if the dividend is approved at the AGM on 16 June 2023) and 11 July 2023 (if the dividend is approved at the repeat AGM on 30 June 2023) as the date for determining the persons entitled to receive the dividends based on the results of 2022.
The remaining net income of the Company, after the dividends payment, shall be accounted for as accumulated income.
This material contains inside information.
Forward-looking statements: This announcement may contain certain forward-looking statements of PJSC Tatneft. PJSC Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.