It is reported that Mr Sergei Mikhailov a BOD member of OJSC LUKOIL has reduced his share in the company authorized capital to 0.059% from 0.0612%.

LUKOIL is Russia second largest oil producer. The company authorized capital is RUB 21,264,081.375. 850,563,255 common outstanding shares at par value RUB 0.025 are issued. The largest block of the company shares is owned by its management.

(Sourced from AK&M)