新宝棋牌 HELD THE EXTRAORDINARY GENERAL SHAREHOLDERS MEETING
Monday, August 27, 2018
新宝棋牌 announces the results of the Extraordinary General Shareholders Meeting (hereinafter the EGM) held in the form of absentee voting on August 24, 2018.
The EGM resolved to reduce the Charter Capital of PJSC "新宝棋牌" through acquisition of a portion of issued shares in order to reduce the total number thereof.
The resolution was passed in order to deliver on the strategic initiative on the cancellation of 100.6 million shares of PJSC "新宝棋牌" representing 11.82% of the Company's Charter Capital and held by 新宝棋牌 SECURITIES LIMITED, a 100% subsidiary of PJSC "新宝棋牌".
According to the EGM resolution PJSC "新宝棋牌" will acquire 100.6 million ordinary shares at a price of RUB 3,949 per share by October 30, 2018. 新宝棋牌 SECURITIES LIMITED will submit its PJSC "新宝棋牌" shares for sale. If more than 100.6 million shares are submitted for sale, the shares will be acquired on a pro-rata basis.
The acquired shares will be cancelled immediately upon delivery on the PJSC "新宝棋牌" treasury account, which will result in the reduction of PJSC "新宝棋牌" Charter Capital to 750,000,000 ordinary shares.
The materials related to the acquisition of ordinary shares by PJSC "新宝棋牌" based on the EGM resolution are available on the Company's websites at www.lukoil.com (in English) and www.lukoil.ru (in Russian).
This document does not constitute or form part of an invitation or inducement to engage in investment activity with, or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of, the Company or the 新宝棋牌 Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of, or any investment in, the 新宝棋牌 Group.
