PJSC LukOil Result of EGM (8474V)
December 05 2019 - 7:00AM
UK Regulatory
TIDMLKOD
RNS Number : 8474V
PJSC LukOil
05 December 2019
LUKOIL held an Extraordinary General Shareholders Meeting (the
'EGM') on December 3, 2019 in the form of absentee voting the
results of which were concluded today.
The Company's shareholders approved the payment of interim
dividends on PJSC "LUKOIL" ordinary shares in the amount of RUB 192
per one ordinary share, based on the results of the first nine
months of 2019. Dividend record date is December 20, 2019.
The dividends shall be paid in cash from a PJSC "LUKOIL" account
not later than January 10, 2020 to nominee shareholders and trust
managers who are recorded in the LUKOIL shareholder register, and
not later than January 31, 2020 to other persons registered in the
PJSC "LUKOIL" shareholder register.
The EGM also resolved to pay partially the remuneration to the
members of the Board of Directors of PJSC "LUKOIL" for performance
of their functions (Board fee) for the period from the date of
their election as Board members to the date of the current
decision. The amount of payment will constitute a half of the Board
fee, established by the decision of the Annual General Shareholders
Meeting on
June 20, 2019.
The EGM also approved a new version of the Charter of Public
Joint Stock Company "Oil company "LUKOIL".
Due to termination of the Audit Commission to exclude
overlapping of functions of the Audit Committee of the Board of
Directors, the Internal Audit Service and the Audit Commission
regarding the control of financial and operating activities in the
Company, the shareholders of the Company resolved on the early
termination of powers of members of the Audit Commission of PJSC
"LUKOIL", approved the relevant amendments to the Company's local
regulations: the Regulations on the Procedure for preparing and
holding the General Shareholders meeting of PJSC "LUKOIL", the
Regulations on the Board of Directors of PJSC "LUKOIL", the
Regulations on the Management Committee of PJSC "LUKOIL" and also
resolved on invalidating the Regulations on the Audit Commission of
OAO "LUKOIL".
The EGM resolved on reducing 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: 25,000,000 (twenty-five million) shares;
- purchase price: RUB 5,300 (five thousand three hundred) 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 27 December 2019 through 25 January
2020;
- payment due date for the shares to be acquired by PJSC
"LUKOIL": 07 February 2020 at the latest;
- method of payment for the shares to be acquired: in cash.
Acquisition of such a number of shares and their cancellation
will reduce the charter capital of PJSC "LUKOIL" to 690,000,000
ordinary shares.
The purchase of the ordinary shares by the Company will be
implemented via a public offer according to Clause 1, Article 72 of
the Federal Law "On Joint-Stock Companies"
The resolution was made 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.
LUKOIL Securities Limited will submit its PJSC "LUKOIL" shares
for sale. If more than 25,000,000 shares are submitted for sale,
the acquisition of shares will be implemented on a pro rata
basis.
In accordance with the UK FCA Listing Rule 14.3.6(2), the full
text of the EGM resolutions on items 5 (On the early termination of
powers of members of the Audit Commission of PJSC "LUKOIL"), 9 (On
invalidating the Regulations on the Audit Commission of OAO
"LUKOIL"), 10 (On reducing the Charter Capital of PJSC "LUKOIL"
through acquisition of a portion of issued shares in order to
reduce the total number thereof) of the agenda 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 EGM
resolution can also be viewed on LUKOIL's website.
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
ROMLLFVLFRLEIIA
(END) Dow Jones Newswires
December 05, 2019 07:00 ET (12:00 GMT)
Pjsc Lukoil (LSE:LKOH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pjsc Lukoil (LSE:LKOH)
Historical Stock Chart
From Apr 2023 to Apr 2024