Ukrnafta to consider financial recovery, elect supervisory board on July 7

12:14, 08.06.2016 1 min read

Shareholders in PJSC Ukrnafta will consider the introduction of the pre-court financial recovery procedure and elect members of the company's supervisory board at a meeting scheduled for July 7.

The shareholders will hear reports for 2015 by the supervisory board, board and the audit commission, Ukrnafta reported in the information disclosure system of the National Securities and the Stock Market Commission.

New members of the audit commission will also be elected at the meeting.

Ukrnafta's supervisory board met on June 7 on issues of preparations for the shareholders' meeting on July 7.

Ukrnafta posted UAH 5.441 billion net loss in 2015 against UAH 1.265 billion in net profit in 2014.

NJSC Naftogaz Ukrainy owns 50% plus one share in Ukrnafta, a group of companies affiliated with Dnipro-based PrivatBank's shareholders owns about 42% of the company's shares.