The General Meeting of Shareholders

The General Meeting of Shareholders is the supreme governing body responsible for addressing the most significant aspects of the company’s activities. The procedure for convening and holding the General Meeting of Shareholders is governed by Regulations on the General Meeting of Shareholders of Gazprom Neft PJSC.

General Meetings of Shareholders of Gazprom Neft in 2020

ANNUAL GENERAL MEETING OF SHAREHOLDERS
11 JUNE 2020

The total number of persons included in the list of those entitled to attend the Annual General Meeting of Shareholders was 101,154 (including 628 legal entities and 100,524 individuals).

Quorum of the Annual General Meeting of Shareholders: 99.9996%

Materials presented at the Annual General Meeting of Shareholders

The company’s 2020 annual report and accounting statements were approved.

Gazprom Neft’s shareholders supported the recommendation of the Board of Directors for dividend payment in total amount of ₽179.98 billion (₽37.96 per ordinary share), amounting to 45% of the company’s FY2019 consolidated net profit (IFRS).

Limited Liability Company Financial and Accounting Consultants (FBK LLC) was approved as auditors of Gazprom Neft for 2020.

The shareholders also reviewed several other items on the agenda of the Annual General Meeting of Shareholders:

  • new members of the Board of Directors and the Audit Commission were elected;
  • remuneration of the Board of Directors and the Audit Commission was approved

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
18 DECEMBER 2020

The total number of persons included in the list of those entitled to attend the Extraordinary General Meeting of Shareholders was 137,104 (including 434 legal entities and 136,669 individuals).

Quorum of the Annual General Meeting of Shareholders: 99.9986%

It was resolved to pay interim dividends for the first nine months of 2020 in the amount of ₽86.01 billion (₽5 per ordinary share), which amounts to 50% of the company’s consolidated net profit (IFRS) in that period.

Shareholders approved new versions of the following internal company regulations: the Charter, Regulation on the General Meeting of Shareholders, Regulation on the Board of Directors, Regulation on the Chief Executive Officer, Regulation on the Management Board, and the Corporate Governance Code. The Regulation on the Audit Commission of Gazprom-Neft PJSC was declared obsolete. Changes in these documents were made due to the abolition of the Audit Commission, as well as concurrent revision of internal regulation being brought in line with the current legislation.