18 May 2020 13:49
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 18 May 2020 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 23 June 2020 in the form of an absentee voting.
It was determined that the date of determining (formalizing) the persons entitled to take part in the Annual General Shareholders Meeting shall be 29 May 2020.
The postal address to which completed ballots must be sent: OOO "Registrator "Garant", Krasnopresnenskaya Naberezhnaya 6, Moscow, 123100, Russian Federation. The deadline for the receipt of completed ballots shall be 23 June 2020.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of PJSC "LUKOIL".
1. Approval of the 2019 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 2019 annual results.
2. Election of the members of the Board of Directors of PJSC "LUKOIL".
3. On the remuneration and reimbursement of expenses to members of the Board of Directors of PJSC "LUKOIL".
4. Approval of the Auditor of PJSC "LUKOIL".
5. 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 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 2 June 2020.
The shareholders entitled to participate in the Meeting may complete their voting ballots electronically through the electronic voting service on the website https://evoting.reggarant.ru/Voting/Lk.
Access for completing electronic voting ballots shall be granted from 30 May 2020 to the shareholders who register their title to shares in the Company's shareholder register, while shareholders who are clients of nominee holders shall be granted access after the said nominee holders provide OOO «Registrator «Garant», the Company's Registrar, with information on persons entitled to participate in the Annual General Shareholders Meeting of PJSC "LUKOIL".
In particular it was recommended that the Annual General Shareholders Meeting adopt the following decisions:
- To approve the Annual Report of PJSC "LUKOIL" for 2019, the annual accounting (financial) statements and distribute the profits based on the 2019 annual results as follows:
The net profit of PJSC "LUKOIL" based on the 2019 annual results equalled 405,759,769,370 roubles 50 kopecks.
The net profit in the amount of 242,503,016,700 roubles based on the 2019 annual results (excluding the profit distributed as interim dividends of 137,280,000,000 roubles for the first nine months of 2019) be allocated for the payment of dividends. The remainder of the profits in the amount 25,976,752,670 roubles 50 kopecks shall be retained earnings.
To pay dividends on ordinary shares of PJSC "LUKOIL" based on the 2019 annual results in an amount of 350 roubles per ordinary share (excluding the interim dividends of 192 roubles per ordinary share paid for the first nine months of 2019). The total amount of dividends payable for 2019 including the earlier paid interim dividends will be 542 roubles per ordinary share.
The dividends of 350 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 22 July 2020,
- payments to other shareholders whose names are on the shareholder register of PJSC "LUKOIL" to be made not later than 12 August 2020.
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 10 July 2020 as the date on which persons entitled to receive dividends based on the 2019 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 2020.
- To approve the independent auditor of PJSC "LUKOIL" - Joint stock company KPMG.
- To give consent to an interested-party transaction - Contract (Policy) on Directors, Officers and Companies Liability Insurance between PJSC "LUKOIL" (Policyholder) and Ingosstrakh Insurance Company (Insurer).