"Oil Resource" LLC has begun the process of consolidating 100% stakes in its subsidiaries to optimize the corporate governance structure. The decision is due to changes in legislation that have lifted restrictions on the ownership of companies by a sole member.

In accordance with previous legal norms, a company that consists of one person could not act as the sole founder of another LLC or joint-stock company. In this regard, the minority shares (5%) in four companies of the holding – "Oil Resource Geological Exploration" LLC, "Oil Resource Nefteservice" LLC, "Oil Resource Logistics" LLC and "Oil Resource Trading" LLC — belonged to "Kirillitsa" JSC, the remaining 95% were owned by "Oil Resource" LLC. After the lifting of these legal restrictions, the holding began the process of unifying its ownership structure to improve management efficiency and simplify administration.

The Board of Directors of "Kirillitsa" JSC decided to sell shares in the authorized capitals of four companies in favor of their main member – "Oil Resource" LLC:

"Oil Resource Geological Exploration" LLC: sale of 5% stake. The transaction price is 1,000,000 rubles.
"Oil Resource Nefteservice" LLC: sale of 5% stake. The transaction price is 1,000,000 rubles.
"Oil Resource Logistics" LLC: sale of 5% stake. The transaction price is 1,000,000 rubles.
"Oil Resource Trading" LLC: sale of 5% stake. The transaction price is 50,000 rubles.

All transactions are performed on market conditions and will be closed until January 31, 2026.