The annual general meeting of shareholders of OJSC Chernogorneft, subsidiary of TNK-BP, approved the annual and financial reports of 2011, including the profit and loss statement of 2011, and the new version of the company Charter, and assigned CJSC BDO the auditor for 2012.
The annual General Shareholders Meeting of OJSC Nizhnevartovskneftegaz (OJSC NNG, TNK-BP subsidiary) approved the annual report and statutory reporting, including Profit and Loss Statement of OJSC NNG for 2011, new version of the entity’s Charter, and appointed CJSC BDO as an auditor for 2012.
TNK-BP announces that effective from 6 June, 2012 the Company has implemented procedures for pricing and sales of gasoline on the Russian wholesale market, developed in cooperation with the Russian Federal Anti-monopoly service.
Mikhail Fridman has submitted a letter of resignation to TNK-BP Ltd.’s Board of Directors, notifying his resignation from the position of Chief Executive Officer of the TNK-BP Group. Mikhail Fridman has also sent TNK-BP shareholders a letter of resignation from the position of Chairman of the Management Board of TNK-BP Management, a Russian subsidiary of TNK-BP Group which manages the Company’s assets in Russia and Ukraine, including the publicly traded TNK-BP Holding.
The Board of Directors of OJSC TNK-BP Holding (TBH), Russian holding company of the TNK-BP Group, reviewed the issues associated with carrying out the Annual General Shareholders Meeting on June 28, 2012. The Board of Directors approved the Shareholders Meeting agenda, drafted a list of candidates to be voted for election to the Board of Directors and the Audit Commission, and issued recommendations for endorsing related-party transactions.
TNK-BP announces the cancellation of a Board meeting that had been scheduled for May 25, 2012. The reason for the cancellation is a lack of quorum, given that there are currently only 10 directors on the Board. Under the terms of the Company Charter, the Board of Directors is unable to take any decisions unless it is at full strength – which means 11 directors, including three independent directors.
TNK-BP has announced the appointment of Evert Henkes to the Board of Directors of TNK-BP Limited as a BP-nominated independent director. Mr.Henkes becomes the 10th member of the Board of Directors of TNK-BP Limited and the second of the Board’s three independent directors. He will work alongside Aleksandr Shokhin, an AAR-nominated independent director.