Frequently asked questions
In this section you can find answers to frequently asked questions.
General questions
Which shares of LSR Group are traded on the Moscow Exchange?
Ordinary shares of LSR Group are traded on the Moscow Exchange, state registration number of the securities issue: 1-01-55234-E, date of state registration: 09/28/2006 (hereinafter — the “Shares”). Total number of Shares in accordance with the Charter of LSR Group is 103,030,215 pcs.
Which ticker symbol is used for shares of LSR Group traded on the Moscow Exchange?
LSR Group Shares ticker on the Moscow Exchange is LSRG.
Where and how the information on a market value of LSR Group shares can be obtained?
You can keep track of information on the current market value of LSR Group shares on the website of the Moscow Exchange (http://moex.com).
Where I can buy / sell PJSC LSR Group shares?
Purchase and sale transactions of shares are usually made on stock exchanges through professional participants in the securities market - brokers, investment companies.
General meeting of shareholders
What are the terms of holding the general meetings of shareholders of LSR Group?
The Company holds annual general meetings of shareholders once a year (the Annual General Meeting). The Annual General Meeting is held not earlier than three months and not later than six months after the end of the Company’s fiscal year (cl. 13.1 of the Charter of LSR Group).
Meetings held other than annually are extraordinary meetings. Extraordinary general meeting of shareholders (the Extraordinary General Meeting) is held according to the decision of the Company’s Board of Directors based on its own initiative, upon request of the Revision Commission, Company’s auditor, as well as shareholders (a shareholder) who hold at least 10 percent of voting shares of the Company as of the date of the request (cl. 13.22 of the Charter of LSR Group).
The Extraordinary General Meeting held upon request of the Revision Commission, Company’s auditor or shareholders (a shareholder) who hold at least 10 percent of voting shares of the Company should be held within 50 days from the date of submission of the request (cl. 13.24 of the Charter of LSR Group). If the advance agenda of the Extraordinary General Meeting includes an issue regarding the election of members of the Board of Directors, such meeting shall be held within 95 days from the date of submission of the request (cl. 2 art. 55 of the Federal Law regarding joint stock companies).
Who has the right to take part in the general meeting of shareholders?
The list of persons having the right to take part in the general meeting of shareholders is formed based on the data of the register of the Company’s shareholders. Date of execution of such list is defined by the Company’s Board of Directors. This date can not be set earlier than 10 days after the date of the decision of the Board of Directors on holding the meeting.
Information on decisions made by the Company’s Board, including decisions on holding the meeting and the date of execution of the list of persons having the right to take part in the meeting, is disclosed on the corporate website of LSR Group: http://www.lsrgroup.ru/investors-and-shareholders/disclosure-of-information, as well as on the page provided by the news agency authorized by the federal executive body for the securities market to distribute information disclosed at the stock market, i.e. Interfax Group: http://www.e-disclosure.ru/portal/company.aspx?id=4834.
How does LSR Group notify shareholders on holding the general meeting of shareholders?
Notification on holding of the general meeting of shareholders (the Meeting) is published on the Company’s website on the Internet (http://www.lsrgroup.ru) not later than 30 days prior to the date of holding the meeting, including the notification on holding of the general meeting of shareholders which agenda includes the issue on Company’s reorganization. In cases stipulated by cl. 2 and cl. 8 of art. 53 of the Federal Law regarding joint stock companies, the notification on holding of the extraordinary general meeting of shareholders should be published not later than 70 days prior its date. The Company has the right to additionally inform the shareholders on holding of a the general meeting of shareholders through mass media (television, radio) (cl. 13.11 of the Charter of LSR Group).
How to take part in the general meeting of shareholders?
In order to take part in the meeting, the shareholder shall fill up a voting ballot sent to him and send it by mail or provide it in person to the address specified in the ballot. The shareholder can also take part in the meeting personally or through the representative (on the basis of the power of attorney issued according to the current legislation) in case of a joint attendance meeting.
Dividends
For what periods is the Company entitled to pay dividends?
Based on the results of the first quarter, six months, nine months of the financial year and (or) based on the results of the reporting year, the Company has the right to make decisions (announce) on the payment of dividends on outstanding shares.
The decision to pay (announce) dividends based on the results of the first quarter, six months and nine months of the reporting year can be made within three months after the end of the relevant period (clause 1, article 42 of the Federal Law "On Joint Stock Companies").Who takes a decision on payment of dividends to the shareholders of the Company?
The decision on payment (declaration) of dividends is made by the general meeting of shareholders. This decision shall determine the size of dividends on shares of each category (type), the form of their payment, the order of dividend payment in kind, as well as the date, to which the persons who have the right to receive dividends are associated. The decision regarding the establishment of the date to which the persons who have the right to receive dividends are associated, is made only at the suggestion of the Company’s Board (Supervisory Board) (cl. 3 of art. 42 of the Federal Law regarding joint stock companies).
The size of the dividends can not be greater than the size of dividends recommended by the Company’s Board (cl. 4 of art. 42 of the Federal Law regarding joint stock companies).
Who has the right to receive dividends?
Persons holding shares as at the close date defined by the shareholders’ meeting, on which the decision on payment of the dividends was made (the date of execution of the list of persons), shall have the right to receive the dividends (cl. 7 of art. 42 of the Federal Law regarding joint stock companies).
The date of execution of the list of persons may not be set earlier than 10 days after the date of the decision on payment (declaration) of the dividends and later than 20 days after the date of taking such decision (cl. 5 of art. 42 of the Federal Law regarding joint stock companies).
What are the terms of dividend payment?
The term of dividend payment to the nominal holder and discretionary manager who is a professional trader of the security market registered in the shareholders register shall not exceed 10 business days; and the term of dividend payment to other persons registered in the shareholders register shall not exceed 25 working days from the date on which the persons who have the right to receive dividends were defined (p. 6 of art. 42 of the Federal Law Concerning Joint Stock Companies).
A person who has not received the declared dividends due to the fact that the company or the registrar does not have his/her accurate and necessary address data or banking details, or due to other creditor’s delay, is entitled to request for the payment of such dividends (unclaimed dividends) within three years from the date of the decision on their payment. At the expiration of such term the declared and unclaimed dividends are restored as a part of retained earnings of the company, and the responsibility for their payment shall be terminated. (cl. 9 of art. 42 of the Federal Law Concerning Joint Stock Companies).
How the dividends are paid to the persons having the right to receive them?
- The payment of dividends in cash to natural persons whose rights to shares are registered in the shareholders register of the company is made via mail payment or, in case of the relevant application of the persons, via bank transfer; the payment of dividends to other persons whose rights to shares are registered in the shareholders register of the company is made via bank transfer. Company obligation to pay dividends to the specified persons is deemed executed from the date of receipt of transferred funds by the federal postal organization, or from the date of receipt of funds by a credit organization in which the bank account of the person having the right to receive such dividends is opened. (cl. 8 of art. 42 of the Federal Law Concerning Joint Stock Companies).
Benefits of dividends receipt via bank transfer:
- reduction of dividends delivery time as compared to the delivery time of mail payment;
- receipt of dividends within the time limits convenient for a shareholder (no dividends return as in case of mail payment when the shareholder does not receive money within the period of storage at the post office).
In order to change the personal account, the shareholder should contact the Company’s Registrar, i.e. JSC VTB REGISTRAR: the Central Office in writing or in person, branches/representative offices in person at the addresses specified on the page to the Registrar’s website:
- Shareholders whose rights are registered by a depositary receive dividends in cash through their depositary. Deposit Agreement between a depositary, accounting the rights for the shares, and a depositor should include the procedure of transfer of payment on shares to a depositor (cl. 1 of art. 8.7 of the Federal Law Concerning the Securities Market).
Payment of dividends payable on shares, the rights for which shall be certified by the securities of a foreign issuer, is made to a person for whom a depositary account is opened. (cl.8 art. 8.4 of the Federal Law Concerning the Securities Market).
Registrar
Who is the Company’ registrar and how to contact it?
LSR Group registrar is JSC VTB REGISTRAR
Registrar contact information and office hours:
Central Office:
Branches and transfer-agents:
Central Office:
Branches and transfer-agents:
What documents should be submitted to the registrar in order to open a natural person’s account?
In order to open a personal account in the shareholders’ register, the documents specified in the list provided on the page of the Registrar’s website should be submitted to JSC VTB REGISTRAR:
The documents may be submitted in writing or in person to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
How to change the data of natural person’s personal account?
In case of changing the information about a person registered in the shareholders’ register, the documents specified in the list provided on the page of the Registrar’s website should be submitted to JSC VTB REGISTRAR:
The documents may be submitted to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
A person registered in the Company’s shareholders register is obliged to timely inform the company’s registrar about the changes of their data. In case of non-provision of information on changes of their data, the Company and the registrar shall not be responsible for losses caused in connection with it (cl. 5 art. 44 of the Federal Law Concerning Joint Stock Companies).
A person registered in the Company’s shareholders register is obliged to timely inform the company’s registrar about the changes of their data. In case of non-provision of information on changes of their data, the Company and the registrar shall not be responsible for losses caused in connection with it (cl. 5 art. 44 of the Federal Law Concerning Joint Stock Companies).
Can I get the document certifying the ownership of the Company’s Shares?
The Company’s registrar, at the request of a shareholder or a nominal shareholder, shall certify his/her ownership of shares by issuing an extract from the Company’s shareholders register which is not a security (art. 46 of the Federal Law Concerning Joint Stock Companies). The extract from the company’s shareholders register can be obtained by sending the relevant request to the Registrar.
The form of the request for information from the shareholders’ register is published on the page of the Registrar’s website:
The request for the extract from the shareholders’ register can be sent in writing or in person to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
In order to execute the request on submission of the extract sent by mail, the request or another document submitted to the Registrar (e.g. a registered person questionnaire) should contain a direct reference to such way of request submission. The extract from the shareholders’ register is submitted under condition of pre-payment of Registrar’s services related to its preparation. For submission of prepared extract by mail to the place of shareholder’s residence, the request shall contain the relevant requirement, and the service of sending the documents by mail shall also be paid. Form of a bill for services and price list (Price List No. 1) for the Registrar services are provided on the Registrar’s website:
The request for the extract from the shareholders’ register can be sent in writing or in person to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
In order to execute the request on submission of the extract sent by mail, the request or another document submitted to the Registrar (e.g. a registered person questionnaire) should contain a direct reference to such way of request submission. The extract from the shareholders’ register is submitted under condition of pre-payment of Registrar’s services related to its preparation. For submission of prepared extract by mail to the place of shareholder’s residence, the request shall contain the relevant requirement, and the service of sending the documents by mail shall also be paid. Form of a bill for services and price list (Price List No. 1) for the Registrar services are provided on the Registrar’s website:
Where and how can I get a certificate of my personal account transactions?
A person registered in the Company’s shareholders register may get a certificate of personal account transactions by contacting the Registrar with a relevant request.
The form of a request for information from the shareholders’ register:
The request for the certificate of personal account transactions can be sent in writing or in person to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
In order to execute the request on submission of the certificate of personal account transactions sent by mail, the request or another document submitted to the Registrar (e.g. a registered person questionnaire) should contain a direct reference to such way of request submission. The certificate is submitted under condition of pre-payment of Registrar’s services related to its preparation. For submission of a prepared certificate by mail to the place of shareholder’s residence, the request shall contain the relevant requirement, and the service of sending the documents by mail shall also be paid. Form of a bill for services and price list (Price List No. 1) for the Registrar services are provided on the Registrar’s website:
The request for the certificate of personal account transactions can be sent in writing or in person to the Central Office of JSC VTB REGISTRAR or in person to branches/representative offices at the addresses specified on the page to the Registrar’s website:
In order to execute the request on submission of the certificate of personal account transactions sent by mail, the request or another document submitted to the Registrar (e.g. a registered person questionnaire) should contain a direct reference to such way of request submission. The certificate is submitted under condition of pre-payment of Registrar’s services related to its preparation. For submission of a prepared certificate by mail to the place of shareholder’s residence, the request shall contain the relevant requirement, and the service of sending the documents by mail shall also be paid. Form of a bill for services and price list (Price List No. 1) for the Registrar services are provided on the Registrar’s website:
What documents shall be submitted to the Registrar for transactions on withdrawal/deposit of Company’s shares due to the transition of ownership rights?
The list of documents to be submitted to the Registrar (JSC VTB REGISTRAR) for transactions with shares is published on the page of the Registrar’s website:
The documents shall be submitted to the Central Office of JSC VTB REGISTRAR or to branches/representative offices at the addresses specified on the Registrar’s website:
What documents shall be submitted to the Registrar for re-registration of ownership rights to securities due to inheritance?
The list of documents to be submitted to the Registrar (JSC VTB REGISTRAR) for re-registration of ownership rights to securities due to inheritance is published on the page of the Registrar’s website:
The documents shall be submitted to the Central Office of JSC VTB REGISTRAR or to branches/representative offices at the addresses specified on the Registrar’s website: