Annual Shareholder’s Meeting to Be Held on June 29, Register to Be Closed on May 12
The annual shareholder’s meeting of Saratovneftegaz OAO will be held on June 29, the company says in a statement.
The register of the shareholders to participate in the meeting was closed on May 12.
The agenda of the meeting being standard, the shareholders are expected to take up approval of 2005 annual report and allocation of the profit including dividend payment basing on the results of the fiscal year. The shareholders will also review the annual balance sheet and revise provisions of the statute of the joint-stock company.
The shareholders are also expected to elect new members to the Board of Directors and the Audit Commission, and to appoint the auditor of the company.
Saratovneftegaz annually produces nearly 1.6 million tons of crude oil.
The main shareholder of Saratovneftegaz is RussNeft OAO holding 86.18% of the chartered capital of the company (96.2% of the equity shares).