PJSC LukOil AGM Statement (9334C)

TIDMLKOD

RNS Number : 9334C

PJSC LukOil

20 June 2019

LUKOIL HOLDS ANNUAL GENERAL SHAREHOLDERS MEETING

PJSC "LUKOIL" today held its Annual General Shareholders Meeting (AGM) in Moscow where the 2018 Annual Report of the Company and the 2018 financial statements were approved, as well as decision on distribution of profit for 2018 was made.

The shareholders approved the final dividend distribution based on the results of 2018 in the amount of RUB 155 per ordinary share. The total amount of dividends payable for 2018, including the earlier paid interim dividend, will be RUB 250 per ordinary share, which is 16% higher than last year's level.

The dividend record date was set July 9, 2019.

The shareholders elected the following directors to the Board of Directors of

PJSC "LUKOIL":

 
 1.    Vagit Yu. Alekperov   President of PJSC "LUKOIL". 
 2.    Victor V. Blazheev    Rector of the O.E. Kutafin Moscow State Law 
                              University. 
      --------------------  ---------------------------------------------------- 
 3.    Toby T. Gati          Board Member of the U.S.-Russia Business 
                              Council (USRBC). Participant of the Valdai 
                              Discussion Club. President of TTG Global 
                              LLC. 
      --------------------  ---------------------------------------------------- 
 4.    Valery I. Grayfer     Chairman of the Board of Directors of LLC 
                              "Russian innovative fuel and energy company" 
                              (LLC "RITEK"). 
      --------------------  ---------------------------------------------------- 
 5.    Ravil U. Maganov      First Executive Vice President of PJSC "LUKOIL" 
                              (Exploration and Production). 
      --------------------  ---------------------------------------------------- 
 6.    Roger Munnings        Chairman of the Russo British Chamber of 
                              Commerce, a Fellow of the Institute of Chartered 
                              Accountants in England and Wales, a member 
                              of the Russian National Council on Corporate 
                              Governance. 
      --------------------  ---------------------------------------------------- 
 7.    Pavel M. Teplukhin    President of OOO "Matrix Advisors". Member 
                              of the Board of Directors of Rusnano. Former 
                              Chief Country Officer for Russia and CIS, 
                              Deutsche Bank. 
      --------------------  ---------------------------------------------------- 
 8.    Leonid A. Fedun       Vice President for Strategic Development 
                              of PJSC "LUKOIL". 
      --------------------  ---------------------------------------------------- 
 9.    Lyubov N. Khoba       Member of the Supervisory Board of LUKOIL 
                              INTERNATIONAL GmbH. Chairperson of the Supervisory 
                              Board of LUKOIL Accounting and Finance Europe 
                              s.r.o. Former Vice President, Chief Accountant 
                              of PJSC "LUKOIL". 
      --------------------  ---------------------------------------------------- 
 10.   Sergei D. Shatalov    Non-staff Fiscal Policy Advisor to Russia's 
                              Ministry of Finance. Former Deputy Minister 
                              of Finance of Russia. 
      --------------------  ---------------------------------------------------- 
 11.   Wolfgang Schussel     Member of the Supervisory Board of RWE AG. 
                              Chairman of the Board of Trustees of Konrad 
                              Adenauer Stiftung. Member of the Board of 
                              Directors of MTS PJSC. 
                              Former Federal Chancellor of Austria. 
      --------------------  ---------------------------------------------------- 
 

The Company shareholders also elected the Audit Commission, decided on remuneration and reimbursement of expenses to the members of the Board of Directors and on remuneration to the members of the Audit Commission.

The Joint-Stock Company KPMG was approved as the Company's independent auditor.

The Meeting approved new edition of the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of PJSC "LUKOIL" and gave consent to perform the interested party transaction (directors, officers and companies liability insurance contract).

The shareholders also decided to reduce 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: 35,000,000 (thirty-five million) shares*;

   -          purchase price: RUB 5,450 (five thousand four hundred and fifty) 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 16 July 2019 through 14 August 2019;

- payment due date for the shares to be acquired by PJSC "LUKOIL": 28 August 2019 at the latest;

   -          method of payment for the shares to be acquired: using monetary funds. 

In accordance with Listing Rule 14.3.6(2), the full text of the AGM resolution 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 AGM resolution can also be viewed on LUKOIL's website.

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June 20, 2019 09:31 ET (13:31 GMT)