3rd May 2011 07:00
29 April 2011
On 29 April 2011, OAO Tatneft (the "Company") (LSE: ATAD) announced that the Board of Directors of the Company approved the following agenda of the annual shareholders meeting to be held on 23 June 2011:
1. Report of the Board of Directors on the result of Company's activities in 2010. Approval of the annual report of the Company for 2010.
2. Approval of the annual financial statements, including the profit and loss statement, of the Company, for 2010.
3. Approval of profit distribution on the basis of results of the financial year.
4. Payment of annual dividends on the basis of 2010 results. Approval of the amount of the dividends, form and timing of payment of dividends.
5. Election of the Board of Directors of the Company.
6. Election of the Revision Committee of the Company.
7. Approval of the Company's auditor.
8. Amendments to the Charter of the Company.*
9. Amendments to the Regulation of General Shareholders Meeting of the Company.*
The Board of Directors of the Company also resolved to recommend to the annual general shareholders meeting of the Company to be held on 23 June 2011 to approve payment of annual dividends for 2010 in cash in the amount of 30% of the net profit for 2010. The dividends will be paid within two months after the date of the annual shareholders meeting (23 June 2011).
The amounts per share are the following:
preferred shares: 502% of the nominal (par) value, i.e., 5 Rubles 2 Kopecks per share;
common shares: 502% of the nominal (par) value, i.e., 5 Rubles 2 Kopecks per share.
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* The draft amendments to the Charter of the Company and to the Regulation of General Shareholders Meeting proposed for approval will be published on the Company's website (www.tatneft.ru) in due course.
Forward-looking statements: This announcement may contain certain forward-looking statements of OAO Tatneft. OAO Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.
Related Shares:
Pjsc Tatneft