24.04.2014
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 Burgas (Bulgaria) on 24 April 2014. The Annual General Shareholders Meeting will be held at 11:00 a.m. on 26 June 2014 at the Company’s headquarters at the following location: 11, Sretensky bulvar, Moscow. Registration of participants will start at 9:30 a.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 2014.
The postal address to which completed ballots may be sent: OAO Registrator NIKoil, ulitsa Ivana Franko 8, Moscow, 121108 Russian Federation. The deadline for receipt of ballots is 23 June 2014.
The Board of Directors approved the following agenda for the Annual General Shareholders Meeting of OAO “LUKOIL”.
1. Approval of the 2013 Annual Report of Open Joint Stock Company “Oil company “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. Approval of Amendments and addenda to the Regulations on the Procedure for Preparing and Holding the General Shareholders Meeting of OAO “LUKOIL”.
9. On the approval of interested-party transactions.
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 website at www.lukoil.com from 16 May 2014.
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 2013 financial year as follows:
The net profit of OAO “LUKOIL”* based on the results of the 2013 financial year was 209,870,651 thousand roubles.
* Profits reflect unconsolidated profits of OAO “LUKOIL” in accordance with the Russian Accounting Standards.
To distribute the net profit in the amount of 51,033,795,300 roubles based on the results of the 2013 financial year (excluding the profit distributed as dividends of 42,528,162,750 roubles for the first six months of 2013) for the payment of dividends.
The rest of the net profit shall be left undistributed.
To pay dividends on ordinary shares of OAO “LUKOIL” based on the results for the 2013 financial year (the total amount of which payable for the 2013 financial year may be 110 roubles per ordinary share) in the amount of 60 roubles per ordinary share (the interim dividends of 50 roubles per ordinary share were earlier paid for the first six months of 2013 financial year).
The dividends in the amount of 60 roubles per ordinary share to 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 within 10 business days after the date on which persons entitled to receive dividends are determined;
- Dividend payments to other persons registered in the shareholder register of OAO “LUKOIL” to be made within 25 business days after the date on which persons entitled to receive dividends are determined.
To set 15 July 2014 as the date on which persons entitled to receive dividends based on the results of the 2013 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 2014.
- 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 2014.
- To approve the independent auditor of OAO “LUKOIL” – ZAO KPMG.