OREANDA-NEWS. August 25, 2011. OJSC TNK-BP Holding Board of Directors approved the agenda of the extraordinary General Shareholders Meeting that will be held by absentee vote on September 30, 2011. Shareholders will review the item ‘On Payment (Declaration) of Dividends for 6 Months of 2011’, reported the press-centre of TNK-BP.

The Board of Directors recommended to the General Shareholders Meeting to approve the payment of OJSC TNK-BP Holding dividends for the 6 months of 2011 in the amount of 3.41 rubles per one ordinary share and one preference registered share. The total dividend amount, subject to shareholder approval, will be 52.7 bn rubles.

OJSC TNK-BP Holding dividends for the first half-year of 2011 will be paid to shareholders included in the register as of August 19, 2011, in cash in Russian rubles by bank transfer according to the bank details of the shareholders or their nominees no later than 60 days from the date of the decision.

The main shareholder of OJSC TNK-BP Holding is Novy Investments Ltd., which is part of TNK-ВР Group. Payment of dividends to Novy Investments Ltd. is of a technical nature and does not lead to an automatic dividend payment to shareholders of the parent company TNK-BP Ltd. (BP and AAR). The dividends to be paid to Novy Investments Ltd. are expected to be used for financing TNK-BP capital investments in Russia or for mutual settlements among TNK-BP Group companies.