26.04.2011
Re AGM Agenda
THE BOARD OF DIRECTORS OF OAO LUKOIL APPROVES AGENDA OF OAO LUKOIL ANNUAL GENERAL MEETING
On April 26, 2011 the Board of Directors of OAO LUKOIL resolved to hold the Annual General Shareholders Meeting of OAO LUKOIL. The Annual General Shareholders Meeting will be held at 11:00 a.m. on June 23, 2011 at the Company's headquarters at the following location: 11, Sretensky Boulevard, Moscow. The registration of participants will start at 9:30 a.m.
The record date for the list of shareholders entitled to participate in the Annual General Shareholders Meeting will be May 06, 2011.
The shareholders should send completed voting ballots to the following address: OAO NIKoil Registrar, 8 ulitsa Ivana Franko, Moscow, 121108, Russian Federation. The deadline for receipt of ballots is June 20, 2011.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of OAO LUKOIL:
1. Approval of the 2010 Annual Report of OAO LUKOIL and the annual financial statements, including income statements (profit and loss accounts) of the Company, and also distribution of profits (including through the payment (declaration) of dividends) and losses of the Company on the basis of annual results. Determination of the size, date, form and procedure of payment of dividends.
2. Election of the members of the Board of Directors.
3. Appointment of the President of OAO LUKOIL.
4. Election of the members of the Audit Commission.
5. On the remuneration and reimbursement of expenses to the members of the Board of Directors of OAO LUKOIL.
6. On the remuneration to the members of the Audit Commission of OAO LUKOIL.
7. Approval of the Company's Auditor.
8. Approval of the new version of the Charter of OAO LUKOIL.
9. Approval of amendments to the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of OAO LUKOIL.
10. 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 recommended, in particular, that the Annual General Shareholders Meeting take the following resolutions:
- To approve the annual financial statements, including income statements (profit and loss accounts) of the Company, and also the distribution of profits:
The net profit of OAO LUKOIL* for distribution for 2010 was equal to 140,037,510 thousand roubles.
* Profits reflect unconsolidated profits of OAO LUKOIL in accordance with the Russian Accounting Standards.
To distribute 50,183,232 thousand roubles to the payment of dividends for 2010.
The rest of the net profit shall be left undistributed.
To pay dividends for the 2010 financial year in the amount of 59 roubles per ordinary share. Payment of dividends shall be made in cash from OAO LUKOIL's account within 60 days from the date when such decision is made.
The list of parties entitled to receive dividends shall be compiled on the date of preparation of the list of parties entitled to participate in the Annual General Shareholders Meeting of OAO LUKOIL, i.e. May 06, 2011.
- 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 February 04, 2011.
- To elect the Audit Commission from the list of candidates approved by the Board of Directors of OAO LUKOIL on February 04, 2011.
- To approve ZAO KPMG as the independent auditor of OAO LUKOIL.
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 dispatched to the shareholders during preparations for the Annual General Shareholders Meeting.