LUKOIL BoD recommends interim dividend amount
At the Board of Directors meeting of PJSC "LUKOIL" held in Moscow on 19 October, the decision was taken to convene the Extraordinary General Shareholders' Meeting in the form of absentee voting on December 3, 2018:
The Board of Directors recommended that the Extraordinary General Shareholders' Meeting resolve to pay dividends for the first nine months of 2018 in the amount of 95 rubles per ordinary share, and that the meeting select December 21, 2018 as the list compilation date for the persons entitled to receive dividends. The dividends are recommended to be paid in cash.
The list compilation date for the persons entitled to participate in the Extraordinary General Shareholders' Meeting was set to November 8, 2018.
Independence of the Board of Directors members was also reviewed at the Board of Directors meeting. In accordance with the Listing rules of PJSC "Moscow Exchange" and the Corporate Governance Code, V. Blazheev, T. Gati, I. Ivanov, R. Munnings and I. Pictet were deemed to be independent directors.
The Board of Directors also reviewed the measures to enhance oil recovery and improve technologies of oil and gas field development and noted the positive results in this area.
The Board of Directors also took a decision on amending the Regulations on the Strategy and Investment Committee of the Board of Directors of PJSC "LUKOIL" with respect to the Sustainability Report preparation review.