24 Apr 2018 13:00
THE BOARD OF DIRECTORS OF PJSC "LUKOIL" APPROVES AGENDA OF ANNUAL GENERAL SHAREHOLDERS MEETING
A meeting of the Board of Directors of PJSC "LUKOIL" was held in Moscow on 24 April 2018 and made resolutions relating to recommendations on distribution of profits and the amount of dividends based on the 2017 annual results and resolutions on calling of the Annual General Shareholders Meeting of PJSC "LUKOIL". The Annual General Shareholders Meeting will be held at 11:00 a.m. on 21 June 2018 at the following address: Moscow, Sretensky Bulvar 11, PJSC "LUKOIL", building Vega, Conference Hall (entrance from Kostyansky pereulok). Registration of persons participating in the meeting shall begin at 09:30 a.m.
It was determined that the date of determination (fixing) of persons entitled to participate in the Annual General Shareholders Meeting shall be 28 May 2018.
The postal address to which completed ballots may be sent: 123100, Russian Federation, Moscow, Krasnopresnenskaya Naberezhnaya 6, OOO "Registrator "Garant". The deadline for receipt of completed ballots shall be 18 June 2018.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of PJSC "LUKOIL".
1. Approval of the 2017 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 2017 annual results.
2. Election of the members of the Board of Directors of PJSC "LUKOIL".
3. Election of the members of the Audit Commission of PJSC "LUKOIL".
4. On the remuneration and reimbursement of expenses to members of the Board of Directors of PJSC "LUKOIL".
5. On the remuneration of members of the Audit Commission of PJSC "LUKOIL".
6. Approval of the Auditor of PJSC "LUKOIL".
7. Approval of Amendments to the Charter of Public Joint Stock Company "Oil company "LUKOIL".
8. Decision on consent to perform an interested-party transaction.
The Board of Directors has approved the list of materials to be provided to shareholders while preparing for the Annual General Shareholders Meeting and specified the address of the website through which the holders of shares could cast their votes electronically.
The full text of the position and the recommendations of the Board of Directors on the Annual General Shareholders Meeting agenda will be included in the set of documents provided to the shareholders in preparation for the Annual General Shareholders 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 18 May 2018.
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 2017 annual results as follows:
The net profit of PJSC "LUKOIL" based on the 2017 annual results equalled 204,363,705,986 roubles.
The net profit in the amount of 110,573,223,150 roubles based on the 2017 annual results (excluding the profit distributed as interim dividends of 72,297,876,675 roubles for the first nine months of 2017) be allocated for the payment of dividends.
The remainder of the profits shall be retained earnings.
To pay dividends on ordinary shares of PJSC "LUKOIL" based on the 2017 annual results in an amount of 130 roubles per ordinary share (excluding the interim dividends of 85 roubles per ordinary share paid for the first nine months of 2017). The total amount of dividends payable for 2017 including the earlier paid interim dividends will be 215 roubles per ordinary share. The dividends of 130 roubles per ordinary share be paid using monetary funds from the account of PJSC "LUKOIL" as follows: payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of PJSC "LUKOIL" to be made not later than 23 July 2018, payments to other persons registered in the shareholder register of PJSC "LUKOIL" to be made not later than 13 August 2018.
The costs on the transfer of dividends, regardless of the means, will be paid by PJSC "LUKOIL".
To propose that the Annual General Shareholders Meeting set 11 July 2018 as the date on which persons entitled to receive dividends based on the 2017 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 2018.
- To elect the Audit Commission of PJSC "LUKOIL" from the list of candidates approved by the Board of Directors of PJSC "LUKOIL" on 5 March 2018.
- To approve the independent auditor of PJSC "LUKOIL" - Joint stock company KPMG.
- To approve Amendments to the Charter of Public Joint Stock Company "Oil company "LUKOIL";
- To give consent to an interested-party transaction - Contract (Policy) on insuring the liability of directors, officers and companies between PJSC "LUKOIL" (Policyholder) and OAO «Kapital Insurance» (Insurer).