Yukos
Oil Company CEO, Simon Kukes, issues an open letter to all shareholders
Posted: 14 April 2004
The chief executive officer of Yukos Oil Company issued, through
the Financial Times newspaper, an open letter to all shareholders.
The open letter to shareholders from Mr Kukes states:
It has been almost a year since the acquisition of Sibneft Oil
Company by Yukos Oil Company was agreed and announced. It has been
some seven months since this acquisition was completed and money
and shares changed hands. It has been 162 days since I was appointed
CEO of Yukos Oil Company.
Many rumours have circulated concerning the status of the acquisition
and future of the company including the possibility of a divorce,
reversal or other form of break-up. Yet, despite this speculation,
no proposal to sell the Sibneft shares owned by Yukos Oil Company
to the former Sibneft principal shareholders has been presented
to the Company.
This causes uncertainty and is damaging the interests of the company,
its employees and all other stakeholders, including every single
shareholder.
My responsibility is to all these parties.
I ask any shareholder or other interested party, who feels that
final consolidation of our acquisition of Sibneft should not be
completed to come forward now and provide concrete proposals for
consideration by the Board and due decision by all shareholders.
If no such proposals are received, the Management Board will continue
its plan for consolidation.
For more information see www.yukos.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
