Shares and dividends
Authorised capital and authorised shares
| Indicator | As at the beginning of 2024 | As at the end of 2024 |
|---|---|---|
| Type, category (type) | Ordinary shares | |
| Nominal value of each share | RUB 100 | |
| Authorised capital | 33,465,783,700 | RUB 39,896,607,600 |
| Number of outstanding shares | 398,966,076 | |
| State registration number of the securities issue and state registration date | No. 1‑02‑00063‑A dated 08.07.2003 (main issue), No. 1‑02‑00063‑A dated 01.04.2021 (additional issue of shares) | No. 1‑02‑00063‑А dated 08.07.2003 (main issue) |
| Presence/absence of a special right of the Russian Federation to participate in the Company’s management (golden share) | No special right of the Russian Federation to participate in the management of the Company (golden share) | |
| Availability of authorised shares in accordance with the Articles of Association | 142,649,400 ordinary shares with a total par value of RUB 14,264,940,000 | 78,341,161 ordinary shares with a total par value of RUB 7,834,116,100 |
| Number of own shares on the Company’s balance sheet | 0 | 123,488 |
| Number of shares of the Company owned by its controlled entities | 0 | |
During the reporting year, the placement of additional shares, which began in 2021, was completed, the Company’s authorised capital increased by RUB 6,430,823,900, and the number of authorised shares decreased by 64,308,239.
The Company did not place any preferred shares.
The shareholders of Rosseti Kuban PJSC presented their shares for buyback by the Company following the adoption of the following decision on 14 June 2024 by the Company’s Annual General Meeting of Shareholders (Minutes No. 51 dated 17 June 2024) on the application for delisting of shares of Rosseti Kuban PJSC:
- Apply to the Bank of Russia with a request to exempt Rosseti Kuban PJSC from the obligation to disclose information in accordance with Article 30 of Federal Law No. 39‑FZ dated 22 April 1996 ‘On the Securities Market’
- Apply to Moscow Exchange PJSC with a request to delist all ordinary shares of Rosseti Kuban PJSC (state registration number of the issue 1‑02‑00063‑A) from the list of securities admitted to organised trading on Moscow Exchange PJSC
- Amend the Articles of Association of Rosseti Kuban PJSC to exclude the reference to Rosseti Kuban PJSC being a public company, in accordance with the appendix posted on the Company’s official website at: https://rosseti‑kuban.ru
In accordance with Article 75 of Federal Law No. 208‑FZ dated 26 December 1995 ‘On Joint‑Stock Companies,’ shareholders of Rosseti Kuban PJSC who voted against the adoption of the resolution or did not participate in the voting shall be deemed to have obtained the right to demand buyout of their shares in Rosseti Kuban PJSC.
The buyback price for one ordinary share of Rosseti Kuban PJSC at the request of Rosseti Kuban’s shareholders was determined by the decision of the Board of Directors of Rosseti Kuban PJSC dated 27 April 2024 (Minutes No. 555/2024 dated 27 April 2024) at RUB 393.8, payable in monetary terms.
Shareholders’ requests for the buyback of their shares in Rosseti Kuban PJSC (hereinafter referred to as the “Requests”) were accepted between 15 June 2024 and 29 July 2024, with the deadline for the buyback of shares set for 28 August 2024.
The Company allocated a total amount of RUB 48,629,574.4 for the buyback of 123,488 of its own shares. The amount specified did not exceed 10% of the net asset value of Rosseti Kuban PJSC as of the date of the decision that gave rise to the shareholders’ right to demand that the Company buy back their shares (RUB 58,225,737 thousand).
The report on the shareholders’ requests was approved by the decision of the Company’s Board of Directors on 2 August 2024 (Minutes No. 566/2024 dated 2 August 2024).
The Articles of Association of the Company states that each registered ordinary share of the Company grands the equal scope of rights to its holder. The rights of the shareholders are specified in the Company’s Articles of Association.