The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLKOD.L Regulatory News (LKOD)

  • There is currently no data for LKOD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Result of BoD Meeting

12 Dec 2019 12:00

RNS Number : 6972W
PJSC LukOil
12 December 2019
 

LUKOIL BOARD OF DIRECTORS APPROVES AMENDMENTS TO REGULATIONS ON THE DIVIDEND POLICY

 

 

At today's meeting of the Board of Directors of PJSC "LUKOIL" (hereinafter, the Company), the decision was taken to amend the Regulations on the Dividend Policy of PJSC "LUKOIL", setting it out as a new version. The amendments are based on the main principles of the dividend policy approved by the decision of the Board of Directors on October 16, 2019 as follows:

·; the total amount of dividends on the Company's issued shares, excluding the shares held by LUKOIL Group entities, equals at least 100% of the Company's adjusted free cash flow;

·; the adjusted free cash flow is calculated on the basis of PJSC "LUKOIL" consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and is determined as net cash provided by operating activities less capital expenditures, interest paid, repayment of lease obligations, and expenses for purchase of Company's stock;

·; dividend per share is rounded to a whole Russian rouble;

·; dividends are paid twice a year with the amount of interim dividends calculated based on the consolidated financial statements for the six-month period.

The Board of Directors also reviewed other items on the agenda. As part of them, the decision was taken to terminate early the powers of S. G. Nikitin as member of the Management Committee of PJSC "LUKOIL" and to approve the number of the Management Committee members as 14.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ROMCKBDQDBDDBBD
Date   Source Headline
11th Sep 20182:17 pmRNSDirector/PDMR Shareholding
10th Sep 20182:15 pmRNSDirector/PDMR Shareholding
7th Sep 20181:32 pmRNSDirector/PDMR Shareholding
4th Sep 20182:46 pmRNSDirector/PDMR Shareholding
30th Aug 201810:00 amRNSLUKOIL ANNOUNCES START OF BUY-BACK PROGRAMME
29th Aug 20181:10 pmRNSHalf-year Report
28th Aug 20187:00 amRNSResult of EGM
24th Aug 20182:24 pmRNSDirector/PDMR Shareholding
20th Aug 20181:38 pmRNSDirector/PDMR Shareholding
20th Aug 20181:38 pmRNSDirector/PDMR Shareholding
20th Aug 20181:37 pmRNSDirector/PDMR Shareholding
20th Aug 20181:35 pmRNSDirector/PDMR Shareholding
16th Aug 20182:52 pmRNSDirector/PDMR Shareholding
15th Aug 201810:09 amRNSDirector/PDMR Shareholding
15th Aug 201810:00 amRNSLUKOIL Reports 1H2018 Preliminary Operating Data
10th Aug 201811:37 amRNSDirector/PDMR Shareholding
31st Jul 20188:59 amRNSFACILITIES INSTALLATION LAUNCH AT FILANOVSKY FIELD
25th Jul 20182:03 pmRNSDirector/PDMR Shareholding
25th Jul 20182:00 pmRNSDirector/PDMR Shareholding
25th Jul 20181:57 pmRNSDirector/PDMR Shareholding
25th Jul 20181:55 pmRNSDirector/PDMR Shareholding
24th Jul 20181:59 pmRNSDrilling in Eastern Part of Yu. Korchagin Field
20th Jul 20184:44 pmRNSDoc re. EGM Materials
20th Jul 20181:20 pmRNSDirector/PDMR Shareholding
20th Jul 20181:19 pmRNSDirector/PDMR Shareholding
19th Jul 20181:45 pmRNSResult of BoD Meeting
19th Jul 20181:45 pmRNSLUKOIL Reports on Strategic Initiatives
19th Jul 20181:45 pmRNSStatement re EGM Agenda
19th Jul 20187:40 amRNSHolding(s) in Company
19th Jul 20187:40 amRNSHolding(s) in Company
17th Jul 20183:38 pmRNSDirector/PDMR Shareholding
17th Jul 20183:36 pmRNSDirector/PDMR Shareholding
17th Jul 20183:34 pmRNSDirector/PDMR Shareholding
17th Jul 20183:28 pmRNSDirector/PDMR Shareholding
12th Jul 20187:30 amRNSBoD Meeting Agenda
9th Jul 20182:48 pmRNSDirector/PDMR Shareholding
3rd Jul 20182:33 pmRNSDirector/PDMR Shareholding
3rd Jul 20182:30 pmRNSDirector/PDMR Shareholding
29th Jun 201811:54 amRNSDirector/PDMR Shareholding
29th Jun 201811:49 amRNSDirector/PDMR Shareholding
27th Jun 20182:33 pmRNSDirector/PDMR Shareholding
27th Jun 20182:29 pmRNSDirector/PDMR Shareholding
27th Jun 201811:29 amRNSReport on Payments to Govts
22nd Jun 201812:23 pmRNSDirector/PDMR Shareholding
21st Jun 20183:51 pmRNSResult of BoD meeting
21st Jun 20183:41 pmRNSAGM Statement
20th Jun 20182:28 pmRNSDirector/PDMR Shareholding
20th Jun 20182:27 pmRNSDirector/PDMR Shareholding
18th Jun 20183:50 pmRNSDirector/PDMR Shareholding
18th Jun 20183:45 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.