Yatsenyuk
Prime Minister Arseniy Yatsenyuk approved the assignment for a representative of the National Joint-Stock Company Naftogaz of Ukraine during a vote at the general meeting of shareholders of Ukraine's largest oil producer, Ukrnafta, on October 10. This was reported in a statement by the Cabinet of Ministers' press service, according to Ukrainian News.
“The meeting will consider the company’s management board’s report for 2011-2013, the report of the supervisory board, the audit commission, the distribution of profits for 2011-2013, the procedure and timing of dividend payments, and changes in the composition of the supervisory board and audit commission,” the statement said.
The Cabinet of Ministers expects that, following the shareholders' meeting, distributed dividends will be transferred to the state budget.
As the agency reported, on September 3, Ukrnafta cancelled the extraordinary shareholders' meeting scheduled for September 11 due to organizational reasons, scheduling a new extraordinary meeting for October 10.
Yatsenyuk instructed Ukrnafta to transfer 1,3 billion hryvnias in dividends to the state budget.
In 2012-2013, Ukrnafta did not hold any shareholder meetings and no decisions on dividend payments were made.
50%+1 of the shares of Ukrnafta, which is an open joint-stock company, belongs to Naftogaz, and about 42% of the shares belong to companies affiliated with Privatbank.
Ukrrudprom
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