OREANDA-NEWS. OAO "LUKOIL" held its Annual General Shareholders Meeting in Volgograd to approve the Annual Report of OAO "LUKOIL" for 2014 and financial statements based on the results of the financial year.

The shareholders also approved dividend distribution based on the results for the 2014 financial year in the amount of 94 roubles per ordinary share. The total amount of dividends payable for the 2014 financial year including the earlier paid interim dividends will be 154 roubles per ordinary share.

The meeting set 14 July 2015 as the date on which persons entitled to receive dividends based on the results of the 2014 financial year will be determined.

The company shareholders also elected the Audit Commission, approved the size of remuneration and reimbursement of expenses to the members of the Board of Directors and the size of remuneration to the members of the Audit Commission.

Joint stock company KPMG was approved as the company's independent auditor.