28th Apr 2008 07:14
OJSC OC Rosneft28 April 2008 Rosneft's Board of Directors Recommends to Increase Dividend by 20% On April 25, 2008, Rosneft's Board of Directors met to review preparations forthe Company's Annual General Shareholders Meeting scheduled for June 05, 2008. The Board of Directors recommended the Annual General Shareholders Meeting toapprove an increase of the annual dividend by 20% to 1.6 rubles per share for2007 compared to 1.33 rubles per share for 2006. The record date was April 16,2008. The Board of Directors also approved the agenda for the Annual GeneralShareholders Meeting, which includes the approval of the annual report, annualaccounting statements, profit distribution based on the 2007 results includingthe amount, timeframe and form of dividend payment for 2007, discussion of Boardmember compensation, election of the Board and the Internal Audit Committee,approval of the Company's auditor for 2008, approval of proposed amendments andsupplements to the Company's Charter and related-party transactions. Rosneft Information Division 221-31-07 phone 411-54-21 fax [email protected] April 28, 2008 These materials contain statements about future events and expectations, whichare forward-looking statements. Any statement contained in these materials thatis not a statement of historical fact is a forward-looking statement, and mayinvolve known and unknown risks, uncertainties and other facts which may causethe actual results, performance or achievements to be materially different fromany future results, performance or achievements expressed or implied by suchforward-looking statements. We do not undertake to update the informationcontained herein to reflect actual results, changes to initial assumptions orfactors affecting the forward-looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ROSN.L