PJSC LukOil BoD Summarizes Results of Public Offer (6510E)
October 19 2018 - 9:25AM
UK Regulatory
TIDMLKOD
RNS Number : 6510E
PJSC LukOil
19 October 2018
PRESS RELEASE
October 19, 2018
LUKOIL BOARD OF DIRECTORS APPROVED THE REPORT ON THE SUBMISSION
OF APPLICATIONS BY SHAREHOLDERS
FOR THE SALE OF THEIR SHARES
The Board of Directors of PJSC "LUKOIL" (hereinafter - the
Company) today approved the Report on the submission of
applications by shareholders of the Company for the sale of their
shares to PJSC "LUKOIL". The applications were submitted as a part
of the public offer according to the Extraordinary General
Shareholders Meeting resolution dated August 24, 2018 to reduce the
Company's charter capital by acquiring 100,563,255 ordinary
shares.
According to the public offer rules, the Company will acquire
the shares in the following proportion:
-- 100,551,214 ordinary shares will be acquired from LUKOIL
SECURITIES LIMITED (a 100% subsidiary of the Company);
-- 12,041 shares will be acquired from other shareholders.
The shares will be acquired at the price of RUB 3,949 per share
and paid for through October 30, 2018. The acquired shares will be
cancelled immediately upon the delivery on the PJSC "LUKOIL"
treasury account, which will result in the reduction of PJSC
"LUKOIL" charter capital to 750 million ordinary shares.
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END
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October 19, 2018 09:25 ET (13:25 GMT)
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