21 Apr 2021 14:15
THE BOARD OF DIRECTORS OF PJSC "LUKOIL" APPROVES AGENDA OF
THE ANNUAL GENERAL SHAREHOLDERS MEETING
A meeting of the Board of Directors of PJSC "LUKOIL" was held in Moscow on 21 April 2021 and made resolutions relating to recommendations on calling of the Annual General Shareholders Meeting of PJSC "LUKOIL". The Annual General Shareholders Meeting will be held on 24 June 2021 in the form of an absentee voting.
It was established that the date of determining (formalizing) the persons entitled to take part in the Annual General Shareholders Meeting shall be 31 May 2021.
The deadline for the receipt of ballots shall be 24 June 2021.
The postal address to which completed ballots must be sent: OOO "Registrator "Garant", Krasnopresnenskaya Naberezhnaya 8, Moscow, 123100, Russian Federation.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of PJSC "LUKOIL".
1. Approval of the 2020 Annual Report of PJSC "LUKOIL", the annual accounting (financial) statements, distribution of profits and adoption of a decision on payment (declaration) of dividends based on the 2020 annual results.
2. Election of the members of the Board of Directors of PJSC "LUKOIL".
3. Appointment of the President of PJSC "LUKOIL".
4. On the remuneration and reimbursement of expenses to members of the Board of Directors of PJSC "LUKOIL".
5. Approval of the Auditor of PJSC "LUKOIL".
6. Approval of Addenda to the Charter of Public Joint Stock Company "Oil company "LUKOIL".
7. Decision on consent to perform an interested-party transaction.
The full text of the position and the recommendations of the Board of Directors of PJSC "LUKOIL" on the Annual General Shareholders Meeting agenda will be included in the set of documents provided to persons entitled to participate in the Meeting. These documents will be available on the Company's websites at www.lukoil.ru (in Russian) and at www.lukoil.com (in English) not later than 3 June 2021.
The URL of the website where persons entitled to participate in the Meeting may complete their voting ballot electronically: https://evoting.reggarant.ru/Voting/Lk.
In particular it was recommended that the Annual General Shareholders Meeting adopt the following decisions:
- To approve the annual accounting (financial) statements and distribute the profits based on the 2020 annual results as follows:
The net profit of PJSC "LUKOIL" based on the 2020 annual results equalled 197,559,111,491 roubles 71 kopecks.
The net profit in the amount of 147,580,407,306 roubles based on the 2020 annual results (excluding the profit distributed as interim dividends of 31,871,825,052 roubles for the first nine months of 2020) be allocated for the payment of dividends. The remainder of the profits in the amount 18,106,879,133 roubles 71 kopecks shall be retained earnings.
To pay out dividends on ordinary shares of PJSC "LUKOIL" based on the 2020 annual results in the amount of 213 roubles per ordinary share (excluding the interim dividends of 46 roubles per ordinary share paid for the first nine months of 2020). The total amount of dividends payable for 2020 including the interim dividends already paid will be 259 roubles per ordinary share.
To pay out dividends in the amount of 213 roubles per ordinary share in cash from PJSC "LUKOIL" bank account to nominee shareholders and trust managers who are professional market participants whose names are on the shareholder register of PJSC "LUKOIL" not later than 14 July 2021, and to other shareholders whose names are on the shareholder register of PJSC "LUKOIL" not later than on 2 August 2021.
The costs on the transfer of dividends, regardless of the means, will be borne by PJSC "LUKOIL".
To propose that the Annual General Shareholders Meeting set 5 July 2021 as the date on which persons entitled to receive dividends based on the 2020 annual results will be determined.
- To elect the Board of Directors of PJSC "LUKOIL", consisting of 11 members, from the list of candidates approved by the Board of Directors of PJSC "LUKOIL" on 5 March 2021.
- To appoint Vagit Yusufovich Alekperov as the President of PJSC "LUKOIL".
- To approve the independent auditor of PJSC "LUKOIL" - Joint Stock Company KPMG.
- To approve Addenda to the Charter of Public Joint Stock Company "Oil company "LUKOIL".
- To give consent to an interested-party transaction - Contract (Policy) on Directors, Officers and Companies Liability Insurance between PJSC "LUKOIL" (Policyholder) and IPJSC "Ingosstrakh" (Insurer).