20 Jun 2019 14:31
LUKOIL HOLDS ANNUAL GENERAL SHAREHOLDERS MEETING
PJSC "LUKOIL" today held its Annual General Shareholders Meeting (AGM) in Moscow where the 2018 Annual Report of the Company and the 2018 financial statements were approved, as well as decision on distribution of profit for 2018 was made.
The shareholders approved the final dividend distribution based on the results of 2018 in the amount of RUB 155 per ordinary share. The total amount of dividends payable for 2018, including the earlier paid interim dividend, will be RUB 250 per ordinary share, which is 16% higher than last year's level.
The dividend record date was set July 9, 2019.
The shareholders elected the following directors to the Board of Directors ofPJSC "LUKOIL":
1. | Vagit Yu. Alekperov | President of PJSC "LUKOIL". |
2. | Victor V. Blazheev | Rector of the O.E. Kutafin Moscow State Law University. |
3. | Toby T. Gati | Board Member of the U.S.-Russia Business Council (USRBC). Participant of the Valdai Discussion Club. President of TTG Global LLC. |
4. | Valery I. Grayfer | Chairman of the Board of Directors of LLC "Russian innovative fuel and energy company" (LLC "RITEK"). |
5. | Ravil U. Maganov | First Executive Vice President of PJSC "LUKOIL" (Exploration and Production). |
6. | Roger Munnings | Chairman of the Russo British Chamber of Commerce, a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Russian National Council on Corporate Governance. |
7. | Pavel M. Teplukhin | President of OOO "Matrix Advisors". Member of the Board of Directors of Rusnano. Former Chief Country Officer for Russia and CIS, Deutsche Bank. |
8. | Leonid A. Fedun | Vice President for Strategic Development of PJSC "LUKOIL". |
9. | Lyubov N. Khoba | Member of the Supervisory Board of LUKOIL INTERNATIONAL GmbH. Chairperson of the Supervisory Board of LUKOIL Accounting and Finance Europe s.r.o. Former Vice President, Chief Accountant of PJSC "LUKOIL". |
10. | Sergei D. Shatalov | Non-staff Fiscal Policy Advisor to Russia's Ministry of Finance. Former Deputy Minister of Finance of Russia. |
11. | Wolfgang Schussel | Member of the Supervisory Board of RWE AG. Chairman of the Board of Trustees of Konrad Adenauer Stiftung. Member of the Board of Directors of MTS PJSC. Former Federal Chancellor of Austria. |
The Company shareholders also elected the Audit Commission, decided on remuneration and reimbursement of expenses to the members of the Board of Directors and on remuneration to the members of the Audit Commission.
The Joint-Stock Company KPMG was approved as the Company's independent auditor.
The Meeting approved new edition of the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of PJSC "LUKOIL" and gave consent to perform the interested party transaction (directors, officers and companies liability insurance contract).
The shareholders also decided to reduce the Charter Capital of PJSC "LUKOIL" through acquisition of a portion of issued shares of PJSC "LUKOIL" in order to reduce the total number thereof, on the following terms:
- class (type) of shares to be acquired: uncertified registered ordinary shares;
- number of shares of PJSC "LUKOIL" of the said class (type) to be acquired: 35,000,000 (thirty-five million) shares*;
- purchase price: RUB 5,450 (five thousand four hundred and fifty) per share;
- period during which shareholders are authorized to file or recall respective applications to sell shares of PJSC "LUKOIL" owned by them, namely: from 16 July 2019 through 14 August 2019;
- payment due date for the shares to be acquired by PJSC "LUKOIL": 28 August 2019 at the latest;
- method of payment for the shares to be acquired: using monetary funds.
In accordance with Listing Rule 14.3.6(2), the full text of the AGM resolution will be uploaded to the National Storage Mechanism as soon as possible and will be available for viewing at www.morningstar.co.uk/uk/NSM. The AGM resolution can also be viewed on LUKOIL's website.