NIS holds 9th Annual General Meeting

NIS j.s.c. Novi Sad Shareholders’ Assembly has held its 9th Annual General Meeting and promulgated the Decision on 2016 profit distribution, dividend payment and determination of the total amount of retained earnings of the Company. Pursuant to the Decision, NIS j.s.c. Novi Sad shall pay its shareholders a dividend for the fifth year running of 25 percent of the Company's 2016 net profit.

A total of 4.02 billion dinars, or 24.66 dinars per share gross, will be allocated for this purpose. The net profit of NIS j.s.c. Novi Sad for 2016 amounted to 16.08 billion dinars.

The dividend for 2016 will be paid to all shareholders of the Company registered with the Central Securities Depository and Clearing House on the record date of the 9th Annual General Meeting, 17 June 2017. The Shareholders’ Assembly decided that the date and procedure for dividend payout would be set by NIS Board of Directors.

The Shareholders’ Assembly also accepted NIS’ Annual Report for 2016 as well as the Financial Statements, Consolidated Financial Statements and Reports on the Audit of the Financial Statements and Consolidated Financial Statements for 2016. The Shareholders’ Assembly decided to appoint PricewaterhouseCoopers d.о.о. Beograd the auditor of Financial Statements and Consolidated Financial Statements for 2017.

At the proposal of the majority shareholder Gazprom Neft PJSC, the Annual General Meeting appointed the following members of NIS Board of Directors:

– Vadim Yakovlev, Deputy Chairman of the Executive Board, First Deputy CEO of Gazprom Neft PJSC,

– Kirill Tyurdenev, Chief Executive Officer of NIS j.s.c. Novi Sad,

– Kirill Kravchenko, Member of the Executive Board, Deputy CEO for Foreign Assets Management of Gazprom Neft PJSC,

– Anatoly Cherner, Deputy Chairman of the Executive Board, Deputy CEO for Logistics, Refining and Sales and Distribution of Gazprom Neft PJSC,

– Alexey Yankevich, Member of the Executive Board, Deputy CEO for Economics and Finance of Gazprom Neft PJSC.

– Alexander Krylov, Director of Department for Regional Sale of Gazprom Neft PJSC,

At the proposal of the Republic of Serbia, the following members of the Board of Directors were appointed:

– Nikola Martinovic,

– Danica Draskovic.

Wolfgang Ruttenstorfer and Stanislav Shekshnia were appointed Independent Members of the Board of Directors.

Nenad Mijailovic was appointed Chairman of the Shareholders’ Assembly Board for Supervision of Operations and Procedure for Reporting to Shareholders of the Company, and Zoran Grujicic and Alexey Urusov, Director of Department for Economics and Corporate Planning of Gazprom Neft PJSC, were appointed Members of this Board.

Contact:

Press center
(011) 205 8037
press@nis.eu
Milentija Popovića 1
11000 Belgrade

About NIS

NIS is one of the largest vertically integrated energy companies in Southeast Europe. Its principal activities are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of petrochemical and energy projects. Read more at http://www.nis.eu/en/about-us

Share

Tools

Contact

Press center

+381 11 313 0116

+381 11 205 8490

press@nis.eu

Milentija Popovića 1

11000 Beograd