A traveling meeting of the OAO LUKOIL Board of Directors was held in Barcelona (Spain) today to make decisions related to the 2012 Annual General Shareholders Meeting, the oil company press release said.
Among other things, the Board of Directors resolved to hold the meeting on June 27, 2012, at 11:00 am at: 11 Sretensky Boulevard, Moscow, OAO LUKOIL.
The record date for the list of the shareholders entitled to participate in the General Shareholders Meeting is May 11, 2012.
The Board of Directors intends to recommend that dividends for the 2011 financial year be paid to the shareholders in the amount of 75 rubles per ordinary share, which is 27.1% higher compared with the previous year dividend (59 rubles for the 2010 financial year). The amount of dividends is calculated on the basis of the sum allocated to dividend payment which equals 63,792,244 thousand rubles, or 19.13% of the consolidated net profit under the US GAAP, or 26.29% of the net profit of OAO LUKOIL.
The shareholders will also have to elect the Board of Directors of OAO LUKOIL, consisting of 11 members, and the Audit Commission, consisting of 3 members.
Among other things, the Board of Directors resolved to hold the meeting on June 27, 2012, at 11:00 am at: 11 Sretensky Boulevard, Moscow, OAO LUKOIL.
The record date for the list of the shareholders entitled to participate in the General Shareholders Meeting is May 11, 2012.
The Board of Directors intends to recommend that dividends for the 2011 financial year be paid to the shareholders in the amount of 75 rubles per ordinary share, which is 27.1% higher compared with the previous year dividend (59 rubles for the 2010 financial year). The amount of dividends is calculated on the basis of the sum allocated to dividend payment which equals 63,792,244 thousand rubles, or 19.13% of the consolidated net profit under the US GAAP, or 26.29% of the net profit of OAO LUKOIL.
The shareholders will also have to elect the Board of Directors of OAO LUKOIL, consisting of 11 members, and the Audit Commission, consisting of 3 members.