NIS Shareholders’ Assembly in 11th Regular Session

At the 11th Regular Session held today, the NIS j.s.c. Novi Sad Shareholders’ Assembly adopted the Decision on the distribution of profit for 2018, payment of dividends and determination of the total amount of retained earnings of the Company.

Pursuant to this Decision, NIS will pay to shareholders 6,517,524,188 dinars for dividends, or 39.97 dinars per share gross. This is the seventh consecutive year in which NIS will pay 25 percent of last year’s net income for the Company in the name of dividends. Net profit NIS j.s.c. Novi Sad in 2018 amounted to 26,067,489,000 dinars.

All NIS Shareholders j.s.c. Novi Sad are entitled to the dividend for 2018, on condition that they are registered in the Central Registry, Depository and Clearing of Securities on June 17, 2019, that is, on the Shareholders’ Day. The date and procedure for dividend payment to shareholders will be determined by the Board of Directors NIS j.s.c. Novi Sad.
Other than that, the Shareholders’ Assembly also adopted the NIS Annual Report j.s.c. Novi Sad for 2018, as well as the Financial Statements, Consolidated Financial Statements and Audited Financial Statements and Consolidated Financial Statements for 2018.

“PricewaterhouseCoopers d.о.о. Beograd“ Company was elected Auditor of the Financial Statements and Consolidated Financial Statements for 2019.
At the Assembly Session the following persons have been appointed as members of Board of Directors NIS j.s.c. Novi Sad:
– Vadim Yakovlev, Deputy Chair of Executive Board, first Deputy CEO of PJSC „Gazprom Neft“,
– Kirill Tyurdenev, CEO of NIS j.s.c. Novi Sad,
– Sergei Panenko, Head of Department for organization development and liaison with joint ventures of PJSC „Gazprom Neft“,
– Anatoly Cherner, Deputy Chair of Executive Board, Deputy CEO in charge of logistics, refining and sales and distribution in PJSC „Gazprom Neft“,
– Aleksey Yankevich, member of the Executive Board, Deputy CEO in charge of economy and finances in PJSC „Gazprom Neft“,
– Alexander Krylov, director of Directorate for Regional Sales in PJSC „Gazprom Neft“,
– Danica Drašković,
– Dejan Radenković.

Alexander Chepurin and Olga Vysotskaia have been appointed as independent members of the Board of Directors.
Zoran Grujičić has been appointed as the Chair of Shareholders’ Assembly Board overseeing the operations and reporting process of shareholders of NIS j.s.c. Novi Sad, while Dragan Bračika and Aleksey Urusov, director of Directorate for economy and corporate planning in PJSC „Gazprom Neft“ have been appointed as members of that Board.

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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

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