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Main page For Investors and Shareholders Questions and answers for shareholders The right to demand the repurchase of all or part of the shares owned by the shareholder from the Company
The right to demand the repurchase of all or part of the shares owned by the shareholder from the Company

In accordance with Article 75 Clause 1 of the Federal law On Joint Stock Companies, shareholders - owners of voting shares are entitled to demand repurchase of all or part of their shares by the Company in the following cases:

  • adoption of the resolution on reorganization of the company by the General Shareholders Meeting or the resolution on settlement of transaction or subsequent approval of the large transaction the subject of which is the property with the value of more than 50 percent of the book value of the company’s assets determined according to its accounting (financial) statements as of the last reporting date (including an interested party transaction), if they voted against the resolution on reorganization of the company or against the resolution on settlement or subsequent approval of the transaction or if they did not participate in voting on these issues;
  • making amendments to the Company’s Charter (adoption of the resolution by General Shareholders Meeting, which is the basis for introducing amendments to the Company’s Charter) or approving the new edition of the Company’s Charter, which impose restrictions on their rights, if they voted against the adoption of relevant resolution or did not participate in voting;
  • adoption of a resolution to introduce amendments to the Charter of a Public Company, excluding the indication that the company is public as well as adoption of a resolution to file a statement on the delisting of the Company’s shares and (or) issuable securities of the Company convertible into its shares, if they voted against adoption of relevant resolution or did not participate in voting.