Those entitled to participate in the General Meeting of Shareholders are the persons included in the list of persons entitled to participate in the General Meeting of Shareholders and persons whom the rights for shares of the abovementioned persons has been transferred to due to inheritance or reorganization, or their representatives acting on the basis of a power of attorney for voting or applicable law.
The list of persons entitled to participate in the General Meeting of Shareholders shall be drawn up on the basis of the Company’s share register.
The date for the compilation of the list of persons entitled to participate in the General Meeting of Shareholders (Record Date) shall be determined by the Company’s Board of Directors. The Record date shall not be fixed earlier than the date of adoption of a decision on conducting the General Meeting and later than 50 days prior to the date of the General Meeting (in case the agenda of the Extraordinary General Meeting of Shareholders contains an item on election of members of the Board of Directors - later than 80 days prior to the date of the General Meeting).
The quantity of votes of a shareholder is calculated on the basis of a proportion of “one voting share per one vote”, in exception of a cumulative voting when the members of the Company’s Board of Directors are elected. At cumulative voting the votes of each shareholder are multiplied by the number of persons to be elected to the Company’s Board of Directors, and the shareholder has the right to give the votes received thus completely for one candidate or to distribute them between two and more candidates. Candidates to the Company's Board of Directors with the greatest number of votes are considered elected.
According to the applicable Russian Law and the Company’s Charter, dividends shall be deemed a portion of the Company’s net profit to be distributed between its shareholders in proportion to the number of shares of a specific category and type exclusively on the basis of the General Meeting’s resolution based on recommendations of the Board of Directors.
The Board of Director’s recommendations adhere to the following key principals of the Company’s dividend policy:
In the event the shareholder sells his shares prior to the Record Date, the right to receive dividends is transferred to a new owner of the Company’s shares.
The list of persons entitled to receive dividends shall be determined as required by the applicable Russian law.
According to the applicable Russian law, the dividends shall be paid within the following timeframes and be based on the Record Date:
The share split-up has not changed the market value of shares owned by each shareholder of the Company.
Registrars are specialised organizations licensed by the Bank of Russia that record shareholders’ entitlements to shares of joint stock companies, based on articles and agreements between the company and the shareholders. These entitlements are recorded in the share register by the registrar, who keeps records in individual accounts for each shareholder. These individual accounts contain information about the shareholders, the number of shares they own and operations with shares.
In order to obtain an extract from the share register of PAO Severstal, the shareholder will need to refer to the registrar – LLC “PARTNER” at the following address: 162606, the Russian Federation, Vologda region, Cherepovets, Pobeda Prospect 22.
An extract from the share register in the form of an electronic document signed with reinforced qualified electronic signature by an authorised person of the registrar can be obtained in an electronic service - “Individual cabinet” on the registrar’s website: https://partner-reestr.ru.
– Taxpayer Identification Number (INN),
– Insurance Individual Account Number (SNILS),
– Bank details, such as bank’s name, location, Bank Identification Code (BIK), Taxpayer Identification Number (INN), correspondent account number, current account or card account numbers of the shareholder,
– Notarised copy of the document certifying the change of last name (Marriage Certificate, Divorce Certificate, Name Change Certificate etc.). Such a copy can be certified by the registrar’s employee if the original document is presented alongside it.