OREANDA-NEWS. December 10, 2009. According to their press-service release, Ukrnafta is going to hold an EGM on the 26th of January 2010. The Company Management is going to consider an agreement of partnership and understanding between its shareholders. According to the EGM agenda, shareholders are also planning to consider a dividends payout for 2006-2008 and also to replace the chairman and members of the supervisory board, the audit commission, and the management board.

Millennium Capital considers that the expectation of a truce between the Company’s major shareholders (State Company Naftogaz owns a 50%+1 stake, and Privat Group owns a 42% stake in UNAF share capital) will increase investment attractiveness of UNAF shares substantially.