The General Meeting of PJSC Ukrnafta Shareholders was held on May 18. According to the agenda, the shareholders reviewed the reports of the Supervisory Board and the Management Board of Ukrnafta PJSC for 2019 and 2020 and recognized the work of these units as satisfactory.
The Shareholders' Meeting also approved the main directions of activities for 2021, which were proposed by the Management Board and recommended by the Supervisory Board of the Company.
In addition, the shareholders decided to distribute Ukrnafta's net profit and losses for 2018-2020.
Dividends in the amount of UAH 1 931.6 million or UAH 35.62 per common share will be paid based on the results of 2018, which represents 30% of PJSC Ukrnafta's net profit for 2018 in accordance with the International Financial Reporting Standards. The remainder of the Company's net profit for 2018 was decided to be used to cover the accumulated loss.
Due to the absence of net profit based on the results of financial and economic activities in 2019, it was decided not to accrue dividends.
Since the Company did not decide to pay dividends for 2020 until May 1, 2021, the shareholders decided not to accrue dividends and to distribute profits in accordance with the requirements of Article 21 of the Law of Ukraine "On the State Budget of Ukraine for 2021".