15 June 2004 16:01
CHANGES IN LUKOIL CHARTER NOT CONNECTED WITH INVESTOR
MOSCOW. June 15 (Interfax) - Proposed changes to the Lukoil charter are not connected with company plans to attract a
strategic partner, Lukoil President Vagit Alekperov told journalists in St. Petersburg on Tuesday.
He said that at the company's AGM on June 24, shareholders would receive a proposal to include an article in the
company's charter about a mandatory offer upon the purchase of 30% of the company's shares. A number of
analysts assumed that this plan may be connected with Lukoil's desire to attract a large strategic partner.
The Lukoil board has recommended to shareholders to confirm
dividends of 24 rubles per share for 2003, which is 20% more than in
The agenda for the meeting also includes confirming the company's annual report, including dividend payments,
electing the board of directors and the audit commission, approving wages for board members, selecting an auditor and
discussing deals in which the company has an interest. The company also plans to amend the article on the board of
directors and on the mechanism for preparing for annual shareholders' meeting.
2002. Total dividend payments will amount to 20.414 billion rubles, compared with 16.586 billion rubles in 2002.
Unconsolidated net profit at Lukoil to Russian accounting standards in 2003 amounted to 47.715 billion rubles, of
which 27.302 billion rubles will be spent on investment.
The list of shareholders with the right to participate in the meeting was drawn up from the register on May 7,
2004.
Total oil production by the Lukoil group in 2003 amounted to 81.5 million tonnes, up 4.2% from 2002, with gas
production of 5.5 billion cubic meters, up 8% from 2002. Lukoil plans to produce about 87 million tonnes of oil and 5.8
bcm of gas in 2004.
[Interfax] |
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