Results of the Shareholders General Meeting
Results of the Shareholders General Meeting

          An extraordinary Ukrnafta shareholders general meeting was held on September 19.

          The shareholders decided to bring the corporate governance system of the company in line with the law of Ukraine on joint stock companies. As part of this issue, amendments were made to the Statute of PJSC "Ukrnafta", in particular, the Audit Commission was excluded from the management structure.

           Functions of control over Ukrnafta's activity are performed by the Internal Audit Service established on May 30, 2019. The Service is subordinate and accountable to the Chairman of the Audit Committee; this position is held by an independent member of the Supervisory Board Olena Makeieva.

            In addition, the shareholders voted to cancel the "Regulations on the Procedure for Accrual and Payment of Dividends" of 2003 due to the fact that this issue is fully regulated by the Company's Statute and legislation.