16 Oct 2019 11:30
LUKOIL BOARD OF DIRECTORS CONVENES
EXTRAORDINARY GENERAL SHAREHOLDERS MEETING
AND RECOMMENDS INTERIM DIVIDEND AMOUNT
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At the Board of Directors meeting of PJSC "LUKOIL" held today, the decision was taken to convene the Extraordinary General Shareholders' Meeting (hereinafter, the Meeting) in the form of absentee voting on December 3, 2019.
The agenda of the Meeting comprises ten items, including:
- On payment (declaration) of dividends based on the results of the first nine months of 2019.
- On reducing the charter capital of PJSC "LUKOIL" through acquisition of a portion of issued shares in order to reduce the total number thereof.
The Board of Directors recommended that the Extraordinary General Shareholders' Meeting resolve to pay dividends for the first nine months of 2019 in the amount of 192 rubles per ordinary share, and that the Meeting select December 20, 2019 as the record date for the persons entitled to receive dividends. The dividends are recommended to be paid in cash not later than January 10, 2020 to nominee shareholders and trust managers who are recorded in the PJSC "LUKOIL" shareholder register, and not later than January 31, 2020 to other persons registered in the PJSC "LUKOIL" shareholder register.
The Board of Directors also recommended that the Extraordinary General Shareholders' Meeting resolve to reduce the charter capital of PJSC "LUKOIL" through acquisition of a portion of issued shares in order to reduce the total number thereof. The item has been submitted to the Meeting for the purpose of cancellation of shares acquired by LUKOIL Securities Limited (a 100% subsidiary of
PJSC "LUKOIL") as part of the buy-back programme completed on August 20, 2019.