新宝棋牌 HOLDS ANNUAL GENERAL SHAREHOLDERS MEETING
Thursday, June 23, 2011
OAO 新宝棋牌 held its Annual General Shareholders Meeting (http://www.lukoil.com/static_6_5id_2108_.html) in Moscow today to approve the 2010 Annual Report and financial statements based on the fiscal year results.
The Annual Report of OAO 新宝棋牌 for 2010 prepared in accordance with the requirements of the Federal Financial Markets Service of the Russian Federation is available at http://www.lukoil.com/static_6_5id_2108_.html and the 2010 Annual Report is available at http://www.lukoil.com/static_6_5id_218_.html.
In his address to the Annual General Shareholders Meeting, President of OAO 新宝棋牌 Vagit Alekperov pointed out, in particular, that 新宝棋牌鈥檚 primary objective, at present, is to shape a new development strategy based on cash flow growth, higher oil recovery factor, strict selection of investment projects, innovative development, maintenance of strong competitive positions and higher profitability and capitalization of the Company.
The shareholders approved dividend distribution based on the Company鈥檚 performance in 2010 in the amount of 59 rubles per ordinary share (52 rubles in 2009).
The size of remuneration and reimbursement of expenses to the members of the Board of Directors and the Audit Commission was also approved. ZAO KPMG was approved as 新宝棋牌鈥檚 independent auditor. The Annual General Shareholders Meeting also approved a new version of the Company Charter, elected the Board of Directors and the Audit Commission, approved amendments to the Procedure for Preparing and Holding the General Shareholders Meeting of OAO 新宝棋牌 and approved an interested-party transaction.
Vagit Alekperov was appointed President of OAO 新宝棋牌 by the Annual General Shareholders Meeting.
The following Board of Directors of OAO 新宝棋牌 was elected by the shareholders:
| 1 | Vagit Yu. Alekperov | President of OAO 新宝棋牌 |
| 2 | Victor V. Blazheev | Rector of the聽Moscow聽State聽Academy聽of Law |
| 3 | Valery I. Grayfer | Chairman of the Board of Directors of OAO RITEK |
| 4 | Herman O. Gref | Chairman of the Board and CEO of Sberbank (Savings聽Bank of the聽Russian Federation) |
| 5 | Igor S. Ivanov | Professor of the Moscow State Institute of International Relations, former Minister of Foreign Affairs of the Russian Federation, Secretary of the Security Council of the Russian Federation |
| 6 | 搁补惫颈濒听鲍.听惭补驳补苍辞惫 | First Executive Vice President of OAO 新宝棋牌 |
| 7 | Richard H. Matzke | former Vice Chairman of聽the聽Chevron Corporation |
| 8 | Sergei A. Mikhailov | Chairman of the Board of Directors of Kapital Asset Management, member of the Board of Directors of Kapital Management Company |
| 9 | Mark Mobius | Executive Chairman of Templeton Emerging Markets Group |
| 10 | Guglielmo Antonio Claudio Moscato | Chairman and CEO of Gas Mediterraneo & Petrolio, former Chairman of the Board of Directors of Eni SpA, former Chairman and CEO of Agip SpA |
| 11 | Alexander N. Shokhin | President of the Russian Union of Industrialists and Entrepreneurs (employers), President of the聽State聽University聽鈥 Higher School of Economics. |
Valery Grayfer was elected Chairman of the newly elected Board of Directors at the Board of Directors meeting held after the Annual General Shareholders Meeting.
