2 Oct 2017 07:26
Rosneft Holds Extraordinary General Meeting of Shareholders
On September 29, Rosneft's Extraordinary General Shareholders' Meeting was held in St. Petersburg. Holders of 91.78% of the Company's shares took part in the meeting.
The Meeting approved the amendments to the Charter, increasing the number of the Board members from 9 to 11. The following members were elected to the new Board of Directors:
• Faisal M. Alsuwaidi - President of Research and Development at Qatar Foundation;
• Andrey Belousov - Aide to the President of the Russian Federation;
• Matthias Warnig, Executive Director of Nord Stream 2 AG (Switzerland), independent director;
• Oleg Viyugin - Professor of the Department of the Federal State Educational Institution of Higher Professional Education "National Research University "High School of Economics", independent director;
• Ivan Glasenberg - Chief Executive Officer of Glencore International AG and Glencore plc.;
• Robert Dudley - President of BP Group;
• Guillermo Quintero - Member of Rosneft Board of Directors;
• Alexander Novak - Minister of Energy of the Russian Federation;
• Igor Sechin - Chief Executive Officer, Chairman of the Management Board of Rosneft;
• Donald Humphreys - Member of Rosneft Board of Directors, independent director;
• Gerhard Schröder - Chairman of the Shareholders' Committee of Nord Stream AG, independent director.
The Meeting also resolved to pay interim dividends, based on H1 2017 results, in the amount of 40.6 billion rubles (3 rubles 83 kopecks per share), which is 50% of Rosneft's IFRS net profit related to the Company's shareholders. Such decision was taken pursuant to the new dividend policy of Rosneft providing for the target level of dividend payment of no less than 50% of Rosneft's IFRS profit, and the target frequency of Rosneft dividend payment at least twice a year.
The book closing date for dividend payment is set on October 10, 2017. The dividends will be paid to the nominal shareholders and trustees no later than October 24, 2017, and to other shareholders registered in the Shareholders Register no later than November 15, 2017.
Following the results of the Board of Directors meeting that took place on September 29, 2017, Gerhard Schröder was elected as the Chairman of the Board of Directors.
Rosneft Information Division
Tel.: + 7 (499) 517-88-97
September 29, 2017
These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.