Board of Directors considered Gazprom Shareholders' meeting issues
The Gazprom Board of Directors’ meeting is held at the headquarters of Gazprom.
The Board resolved to hold the Gazprom Annual General Shareholders’ Meeting on June 29, 2007, starting from 10am Moscow time, at Gazprom’s headquarters, and initiate registration of participants on June 27, from 10am till 5pm and on June 29, from 9am.
The Board also resolved to provisionally endorse and submit for the Shareholders’ Meeting approval the Gazprom 2006 Annual Report and the Gazprom (parent company) 2006 financial accounts prepared in accordance with Russian legislation.
The Board has recommended the Shaareholders’ Meeting to approve the allocation of Gazprom’s net profit based on the 2006 operating results.
The Board has recommended the Shareholders’ Meeting to approve proposals to pay out RUR 2.54 per share in annual dividend (a more than 69% increase versus the previous year) based on the Gazprom 2006 operating results and set December 31, 2007 as the dividend payment deadline.
The Board endorsed proposals on the remuneration of the Board of Directors and the Revision Commission.
The Board formed the Gazprom Annual General Shareholders’ Meeting Presidium made up of the Board Members and approved Dmitry Medvedev, the Chairman of Gazprom’s Board of Directors, as the Shareholders’ Meeting Chairman.
The Board reviewed the results of the open tender for the selection of an auditing company responsible for performing statutory annual audit of Gazprom and nominated the tender winner – PricewaterhouseCoopers Audit as Gazprom’s auditor, subject to approval by the Shareholders’ Meeting.
The Board submitted for the Shareholders’ Meeting approval draft amendments in the Gazprom Charter, as prescribed by the modified Federal Law on Joint-Stock Companies.
The Board also adopted decisions on other matters relative to the Gazprom General Shareholders’ Meeting preparation and holding.
Information Directorate, OAO Gazprom