INFORMATION STATEMENT
Thursday, April 21, 2022
PJSC ± (hereinafter, the “Company”) announces that the Company’s President and member of the Board of Directors Vagit Alekperov informed the Company about his decision to resign as a member of the Board of Directors of PJSC ± and early resign as President of PJSC ±. The respective notices of resignation were sent today to the Chairman of the Company’s Board of Directors.
As of 31 March 2022, Vagit Alekperov owns and votes 3.12% of shares in PJSC ±. Vagit Alekperov is also a beneficiary (including through family trusts or mutual funds) of 5.43% of shares in PJSC ±, in respect of which he has no voting rights. Therefore, Vagit Alekperov is not a controlling shareholder of PJSC ±.
± is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. ± enjoys a full production cycle to control the entire value chain from upstream to downstream. ± employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.
