The Ordinary General Meeting of PKN ORLEN
The Ordinary General Meeting of PKN ORLEN, convened to close the financial year 2012, is scheduled for today, at 11am. Its agenda includes a proposal to approve the performance of duties by members of the Company's supervisory and management boards, as well as resolutions on dividend amount and the composition of the Supervisory Board, whose term of office is due to expire.
Unexpectedly tonight, Russian website vedomosti.ru published news of PKN ORLEN's alleged intention to tighten its business links with Russia's Rosneft, including by selling interests in the ORLEN Group's foreign assets and by pursuing certain joint projects.
“The ORLEN Group's situation is very stable, and we have no intention whatsoever of selling any assets. So it was with utmost astonishment that we read the news posted by the Russian site. That fact that such "revelations" were published on the very day scheduled for our Ordinary General Meeting can hardly be considered a coincidence,” said Jacek Krawiec, CEO and President of the Management Board of PKN ORLEN S.A.
The allegations published on vedomosti.ru were immediately denied by PKN ORLEN as baseless. Contrary to the site's claims, the January and June execution of the oil supply contracts was never subject to the Company committing to Rosneft on any potential joint projects or sale of any assets.
