You're reading: Naftogaz expects meeting of shareholders in Ukrnafta to be held in early September

National joint-stock company Naftogaz Ukrainy expects that a meeting of shareholders in public joint-stock company Ukrnafta will be held in early September, Naftogaz Head Andriy Kobolev said at a briefing in Kyiv on Wednesday, July 23.

“We should wait for 45 days after the announcement of a meeting to
hold the meeting of shareholders. The procedure has been launched. We
hope that in early September shareholders in Ukrnafta will decide to
reshuffle the supervisory board and distribute dividends,” he said.

Kobolev added that some members of the Ukrnafta’s supervisory board had left Ukraine for clear reasons.

As reported, according to Energy and Coal Industry Minister of
Ukraine Yuriy Prodan, the Ukrainian government is expecting that public
joint-stock company Ukrnafta will send Hr 1.3 billion of dividends to
the national budget.

“There is an order of the prime minister to all state companies to
send dividends to the national budget, including Ukrnafta. Under the
decision of the Energy and Coal Industry Ministry and Naftogaz Ukrainy,
Ukrnafta is to pay Hr 1.3 billion in dividends. The order to hold a
meeting of shareholders of Ukrnafta in the shortest terms was given, and
the decision to pay dividends to the national budget is to be made at
the meeting,” the minister said.

Prodan found it difficult to say when the meeting of the company’s shareholders could be held.

As reported, the last meeting of shareholders in Ukrnafta was held on March 22, 2011.

Naftogaz Ukrainy holds 50 percent plus one share in Ukrnafta and a group of
companies affiliated with shareholders in PrivatBank hold around 42 percent of
shares in the company.