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July 01, 2009, Wednesday
For almost all companies, the main issue for minority shareholders is low dividends, but TNK-BP Holding, which incorporates the Russian assets of the group, is an exception. The dividends paid by the company in 2008 grew 1.7 times up to 82.5 billion rubles. The holding will pay its shareholders nearly 100% of its revenues according to the Russian Accounting Principles (RSBU) and 42% according to the Generally Accepted Accounting Principles (US GAAP) (after conversion to US dollars at the current exchange rate).
Source: Vedomosti
June 30, 2009, Tuesday

TNK-BP Holding (TBH) held its Annual General Meeting of shareholders today. The shareholders approved the proposed dividend payment and voted for accession of four subsidiaries. The shareholders also elected a new Board of Directors of TNK-BP Holding. The board consists of nine members, including four representatives of two major shareholders and one independent director in compliance with the new system of corporate governance agreed by AAR and BP at the beginning of this year.

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