Last checked at 26 Apr 2012 14:27
26 April 2012
On 26 April 2012, OAO Tatneft (the "Company") (LSE: ATAD) announced that the Board of Directors of the Company approved the following agenda of the annual shareholders meeting to be held on 29 June 2012:
1. Report of the Board of Directors on the results of Company's activities in 2011. Approval of the annual report of the Company for 2011.
2. Approval of the annual financial statements, including the profit and loss statement, of the Company, for 2011.
3. Approval of profit distribution on the basis of results of the financial year.
4. Payment of annual dividends on the basis of 2011 results. Approval of the amount of the dividends, form and timing of payment of dividends.
5. Election of the Board of Directors of the Company.
6. Election of the Revision Committee of the Company.
7. Approval of the Company's auditor.
8. Amendments to the Charter of the Company.*
The Board of Directors of the Company also resolved to recommend to the annual general shareholders meeting of the Company to be held on 29 June 2012 to approve payment of annual dividends for 2011. The dividends will be paid in cash within 60 days after the date of the annual shareholders meeting.
The amounts per share are the following:
preferred shares: 708% of the nominal (par) value, i.e., 7 Rubles 8 Kopecks per share;
common shares: 708% of the nominal (par) value, i.e., 7 Rubles 8 Kopecks per share.
The Board of the Company also approved the list of documents to be distributed to shareholders in connection with the annual general shareholders meeting of the Company, as well as the form and content of the ballots for voting at the annual general shareholders meeting of the Company.
At the same meeting, the Board approved certain changes in composition of the Management Board of the Company: Semyon A. Feldman, who is retiring, was replaced with Nikolay M. Glazkov.
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* The draft amendments to the Charter of the Company proposed for approval will be published on the Company's website (www.tatneft.ru) in due course.
Forward-looking statements: This announcement may contain certain forward-looking statements of OAO Tatneft. OAO Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.