30th Jun 2006 14:11
O.A.O. Tatneft30 June 2006 June 30, 2006 On June 30, 2006, the Board of Directors of OAO Tatneft (the "Company") passed, inter alia, the following resolutions: To approve delisting of ordinary shares and American depositary receipts ("ADRs and together with the ordinary shares, the "Securities") of the Company from the New York Stock Exchange (the "NYSE") in accordance with the timetableannounced by the Company on June 26, 2006, and authorize the executivemanagement (Sh. F. Takhautdinov) to sign on behalf of the Company and to filedocuments required for the delisting with the U.S. Securities and ExchangeCommission (the "SEC") and the NYSE; To approve the filing of post-effective amendment to the Registration Statementon Form F-6 in connection with the termination of registration of all ADRs thathave been registered but not yet issued by the depositary with the SEC. Torequire members of the Board of Directors to sign the said post-effectiveamendment to the Registration Statement on Form F-6, and authorize the executivemanagement (Sh. F. Takhautdinov) to sign on behalf of the Company and file withthe SEC the said amendment to the Registration Statement on Form F-6; To approve the proposed amendments to the deposit agreement with the Bank of NewYork and entering into an additional deposit agreement with the Bank of New Yorkwith respect to the establishment of new deposit facility pursuant to Rule 144A,and authorize the executive management (Sh. F. Takhautdinov) to negotiate thesaid amendments as well as the new additional deposit agreement, and execute anagreement on amendments to the deposit agreement and the additional depositagreement; and To authorize the executive management (Sh. F. Takhautdinov) to sign on behalf ofthe Company and to file an application for termination of the registration ofthe Securities with the SEC, when it becomes possible pursuant to applicableU.S. securities laws and regulations. Forward-looking statements: This announcement contains certain forward-lookingstatements of OAO Tatneft. OAO Tatneft can give no assurance that any of theevents mentioned in such statements will occur, or as to the precise timing oftheir occurrence. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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