16.05.2006
"Prime-TASS"
The Board of Directors of Orsknefteorgsintez OAO (orfe) /in the town of Orsk of the Orenburg region/ has announced convocation of shareholders’ annual meeting on June 30, 2006, the Board of Directors said in an official statement.
The register of the shareholders to participate in the meeting was closed on May 12.
According to the agenda of the meeting, the shareholders are expected to approve the report on the results of the financial and economic activity of the company in 2005, to view the balance sheet and other reports on technical and financial performance of the company for the period under review, including net profit distribution with payment of dividends. The shareholders are also expected to elect new members to the Board of Directors and the Audit Commission, and to appoint the auditor of the company for the current year.
The shareholders will also discuss a number of transactions associated with the financial and economic activities of the company.
The chartered capital of Orsknefteorgsintez OAO amounts to 953497 roubles /3575615 equity shares and 1191870 preference shares at a face-value of 0.2 roubles/.
As Prime-TASS informed earlier, basing on the results of January-September 2005 Orsknefteorgsintez OAO paid dividends at a rate of 198.42 roubles per one equity and preference share.
In the year 2004 Orsknefteorgsintez offered no dividends having 18.614 thousand roubles net profit according to Russia’s accounting standards.
Orsknefteorgsintez OAO is a producer of petroleum and petrochemical products. Up to December 2005 the company was part of ONAKO OAO (onak) /an oil-refining complex in the structure of Russian-British TNK-BP/. On January 1, 2006 RussNeft became the main shareholder. In 2005 the refinery processed 3590 thousand tons of crude oil (increase by 0.8 %).
