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Lukoil Approves Applications Submission for the Sale of Shares

Source: www.gulfoilandgas.com 1/28/2020, Location: Asia

The Board of Directors of PJSC "LUKOIL" approved the Report on the submission of applications by shareholders of the Company for the sale of their PJSC "LUKOIL" shares. The applications were submitted as part of the public offer according to the Extraordinary General Shareholders Meeting resolution dated December 3, 2019 to reduce the Company's charter capital by acquiring 25,000,000 issued shares.

During the public offer period the Company received applications for 22,134,238 shares, including an application for 21,751,935 shares from LUKOIL SECURITIES LIMITED (a 100% subsidiary of the Company).

?The shares will be acquired at the price of RUB 5,300 per share and paid for through February 7, 2020. The acquired shares will be cancelled immediately upon their delivery on the PJSC "LUKOIL" treasury account, which will result in the reduction of PJSC "LUKOIL" charter capital to 692,865,762 ordinary shares.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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