Rosneft (ROSN) - Rosneft Held Regular Meeting of Shareholders
RNS Number : 8488F
OJSC OC Rosneft
21 June 2012
Rosneft Held Regular Meeting of Shareholders
On June 20, a regular Annual General Meeting of Rosneft shareholders took
place in Saint-Petersburg. Holders of 97.19% of the Company's shares took part
in the meeting.
The Annual Report, the accounting statements and 2011 Rosneft net profit
distribution were approved of by the Meeting.
It was decided to distribute RUB 36,563.7 mln (RUB 3.45 per ordinary share) to
pay 2011 dividends on Rosneft shares. The approved dividend amount to be paid
exceeds the same figure for 2010 by 25%. The dividends will be paid
simultaneously to all shareholders no later than August 19, 2012.
The Company also sent a request to the Russian Government on preparation of
instructions to adopt the decisions on 2011 dividend amount increase up to 25%
of the Company's IFRS net profit.
In addition, the shareholders elected members to the new Board of Directors
comprised of 9 persons, namely:
1. Matthias Warnig, Managing Director, Nord Stream AG,
2. Mikhail V. Kuzovlev, President, Chairman of the Board, Bank of Moscow,
3. Nikolai P. Laverov, Vice President, Russian Academy of Sciences,
4. Alexander D. Nekipelov, Vice President, Russian Academy of Sciences,
5. Hans-Joerg Rudloff, Chairman, Barclays Capital,
6. Eduard Yu. Khudainatov, First Vice President, Rosneft,
7. Sergei V. Shishin, Senior Vice President, VTB Bank,
8. Dmitri E. Shugaev, Deputy General Director, SC Rostekhnologies, and
9. Ilya V. Scherbovich, President, United Capital Partners (UCP) Group.
The Meeting also approved of the new Company's Audit Committee comprised of 5
members, approved of ACG Business Systems Development to be the Auditor of
2012 RAS annual financial statements, passed the decision to pay remuneration
to members of the Board of Directors, as well as approved of a number of
related party transactions.
'We believe our shareholders will accept the decision on the dividend amount
increase positively. The stable Rosneft's performance and results of the
reporting period allow us to count on it. Moreover, a number of projects we
have initiated would ensure the Company's future sustainable growth and an
increase in its capitalization,' said Igor Sechin, Rosneft President, in his
comments on the Meeting outcomes.
The first meeting of the newly elected Company's Board of Directors took place
upon the end of the Shareholders' Meeting. Mr. Alexander D. Nekipelov was
elected as the Board Chairman. The following persons became his deputies on
the Board of Directors at Rosneft:
- Nikolai P. Laverov,
- Hans-Joerg Rudloff, and
- Sergei V. Shishin.
The Board of Directors also approved the composition of its three committees
each headed by an independent director, namely: Mr. Hans-Joerg Rudloff was
elected to lead the Audit Committee, Mr. Sergei V. Shishin - to lead the HR
and Remuneration Committee, and Mr. Nikolai P. Laverov - to lead the Strategic
Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
June 21, 2012
These materials contain statements about future events and expectations that
are forward-looking in nature. Any statement in these materials that is not a
statement of historical fact is a forward-looking statement that involves
known and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements expressed or implied by such
forward-looking statements to differ. We assume no obligations to update the
forward-looking statements contained herein to reflect actual results, changes
in assumptions or changes in factors affecting these statements.
This information is provided by RNS
The company news service from the London Stock Exchange
AGMUASNRUWANURR -0- Jun/21/2012 06:50 GMT
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