Today’s Supervisory Board meeting of PJSC Ukrnafta was held to discuss preparation for the General meeting of shareholders scheduled to July 7. According to previous reports, on May 24 Ukrnafta’s Supervisory Board approved preparation for the company’s out-of-court sanation process. The final decision on the company's financial recovery procedure will be discussed at the General meeting of shareholders. The Supervisory Board has charged the Executive Board of Ukrnafta with drafting the plan and taking all the necessary measures to commence the procedure of restoring the company’s solvency.

Today, the Supervisory Board members approved the agenda for the General meeting of shareholders and revised PJSC Ukrnafta’s consolidated financial results for the year 2015 according to IFRS, as well as reviewed the audit report of PWC (Audit). Besides, the meeting addressed the core requirements and criteria for the selection of an auditor that would conduct a special audit.

The agenda of Ukrnafta’s general meeting of shareholders, scheduled for 07 July, includes a possible introduction to the financial recovery procedure of the company, identifying its key terms and preliminary approval of the draft plan with its subsequent submission to the meeting of creditors. The agenda also contains reshuffling in the Supervisory Board and the Audit Committee of PJSC Ukrnafta, as well as approval of 2015 reports.

For more information please contact press service: +38 044 239 14 93