I'm interested in

The page will reload with new widgets as you request.

28.04.2015 Re AGM Agenda

28.04.2015 
Re AGM Agenda  

THE BOARD OF DIRECTORS OF OAO LUKOIL APPROVES AGENDA OF OAO LUKOIL ANNUAL GENERAL MEETING
 
A meeting of the Board of Directors of OAO “LUKOIL” that resolved to hold the Annual General Shareholders Meeting of OAO “LUKOIL” was held in Volgograd on 28 April 2015. The Annual General Shareholders Meeting will be held at 02:00 p.m. on 25 June 2015 at the following address: Tsaritsyn Conference and Event Centre, ulitsa Sorokoletiya VLKSM 31, Volgograd. Registration of persons participating in the meeting shall begin at 12:00 p.m.
It was determined that the date of preparation of the list of persons entitled to participate in the Annual General Shareholders Meeting shall be 12 May 2015.
The postal address to which completed ballots may be sent: ZAO “Computershare Registrar”, PO Box 3, 109440, Moscow. The deadline for receipt of ballots is 22 June 2015.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of OAO “LUKOIL”.
1.       Approval of the 2014 Annual Report of OAO “LUKOIL” and the annual financial statements, including the income statement of the Company, and also distribution of profits and adoption of a decision on payment (declaration) of dividends based on the results of the financial year.
2.       Election of the members of the Board of Directors of OAO “LUKOIL”.
3.       Election of the members of the Audit Commission of OAO “LUKOIL”.
4.       On the remuneration and reimbursement of expenses to members of the Board of Directors of OAO “LUKOIL”.
5.       On the remuneration of members of the Audit Commission of OAO “LUKOIL”.
6.       Approval of the Auditor of OAO “LUKOIL”.
7.       Approval of Amendments and addenda to the Charter of Open Joint Stock Company “Oil company “LUKOIL”.
8.       On the approval of an interested-party transaction.
The Board of Directors has approved the list of materials to be provided to shareholders while preparing for the Annual General Shareholders Meeting.
The Board of Directors also approved recommendations on voting all items on the agenda.
The full text of recommendations of the Board of Directors 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) from 15 May 2015.
In particular it was recommended:
-         To approve the annual financial statements, including the income statement of the Company, and also the distribution of profits for the 2014 financial year as follows:
 
The net profit of OAO “LUKOIL”* based on the results of the 2014 financial year was 371,881,105,000 roubles.
* Profits reflect unconsolidated profits of OAO “LUKOIL” in accordance with the Russian Accounting Standards.
The net profit in the amount of 79,952,945,970 roubles based on the results of the 2014 financial year (excluding the profit distributed as dividends of 51,033,795,300 roubles for the first nine months of 2014) be distributed for the payment of dividends.
The rest of the profit shall be left undistributed.
To pay dividends on ordinary shares of OAO “LUKOIL” based on the results for the 2014 financial year in the amount of 94 roubles per ordinary share (excluding the interim dividends of 60 roubles per ordinary share paid for the first nine months of 2014).
The total amount of dividends payable for the 2014 financial year including the earlier paid interim dividends will be 154 roubles per ordinary share.
The dividends of 94 roubles per ordinary share be paid using monetary funds from the account of OAO “LUKOIL”:
-          Dividend payments to nominee shareholders and trust managers who are professional market participants registered in the shareholder register of OAO “LUKOIL” to be made not later than 27 July 2015,
-          Dividend payments to other persons registered in the shareholder register of OAO “LUKOIL” to be made not later than 17 August 2015.
The costs on the transfer of dividends, regardless of the means, will be paid by OAO “LUKOIL”.
To propose that the Annual General Shareholders Meeting set 14 July 2015 as the date on which persons entitled to receive dividends based on the results of the 2014 financial year will be determined.
-         To elect the Board of Directors of OAO “LUKOIL”, consisting of 11 members, from the list of candidates approved by the Board of Directors of OAO “LUKOIL” on 4 February 2015.
-         To elect the Audit Commission of OAO “LUKOIL” from the list of candidates approved by the Board of Directors of OAO “LUKOIL” on 4 February 2015.
-         To approve the independent auditor of OAO “LUKOIL” – Joint stock company KPMG.