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M&A: LUKOIL Vice President V.Subbotin continues buying company's shares

On July 8, Valery Subbotin, a Vice President and a member of the Management Board of OAO LUKOIL, acquired shares in the company for a total amount of RUB 9.495 million, LUKOIL informed.

As a result of this transaction, Subbotin's equity stake in LUKOIL increased to 0.014% from 0.0134%.

It will be recalled that on June 27, Alpemap Overseas affiliated with V. Subbotin acquired 100 thousand ADRs of the oil producer for a total amount of $5.956 million. Earlier, on June 10, Alpemap Overseas acquired another 100 thousand ADRs of LUKOIL for $5.956 million.

OAO LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. In 2013, LUKOIL increased production of hydrocarbons to 116.6 million tones. As of December 31, 2013, the company's proven SEC compliant reserves totaled 17.4 billion barrels of oil equivalent including 13.5 billion barrels of oil and 23.6 trillion cubic feet of gas.

The company's authorized capital is RUB 21,264,081.375 represented by 850,563,255 common shares at par value of RUB 0.025 currently in circulation. The largest block of the company's shares is owned by its management.

US GAAP net profit of OAO LUKOIL for 2013 decreased by 30% to $7.627 billion from $10 925 billion the year before. Sales revenue increased by 1.6% year-on-year to $141.452 billion. EBITDA (earnings before interest, income tax, depreciation, and amortization) totaled $16.668 billion.

RAS net profit of LUKOIL in 2013 decreased by 4% to RUB 209.87 billion. The company's revenue decreased by 9% to RUB 280.008 billion from RUB 308.067 billion the year before.

"AK&M", 15.07.2014


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