The meeting of the supervisory board of public joint-stock company Ukrnafta scheduled for 20:00 on June 22 failed to take place due to a lack of quorum, the press service of national joint-stock company Naftogaz Ukrainy has reported.
Ukrnafta Board Chairman Mark Rollins left the central office of Naftogaz Ukrainy where the meeting of the supervisory board was to be held at around 22:00.
The press service said that no representative of minority shareholders took part in the meeting and Petro Stoliar, a member of the supervisory board appointed by the holding.
“The failure of the supervisory board’s meeting makes impossible to hold a general meeting of shareholders scheduled for July 7, 2016. The supervisory board was to approve the decisions allowing the convocation of this shareholders’ meeting,” the press service said.
The key conditions for conducting an independent expert analysis of receivables and payables accrued in 2015.
On June 21 the press service of Ukrnafta reported that on June 22 the details of the financial readjustment of the company and the pretrial readjustment plan will be discussed.
Naftogaz Ukrainy owns 50 percent plus one share in Ukrnafta, a group of companies affiliated with Dnipro-based PrivatBank’s shareholders owns about 42 percent of the company’s shares.
