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 specialized 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 said 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 shareholder and the number of shares they own.
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.
Information regarding shareholders and the number of shares recorded against their name is kept with the share register, LLC “PARTNER”, as the registrar of PAO Severstal is contractually obliged to manage this data. In such instances where the shareholder’s personal data changes, the following documents will need to be submitted to LLC “PARTNER” at: 162606, the Russian Federation, Vologda region, Cherepovets, Pobeda Prospect 22:
When submitting a request to the registrar or its affiliated offices (information about affiliated offices is available at the registrar’s official web-site on http://partner-reestr.ru), the shareholder will need to submit the following documents:
If the shareholder’s last name has changed, the shareholder will need to submit to the registrar a document certifying the change (Marriage Certificate, Divorce Certificate, Name Change Certificate etc.) along with a new form. The registrar requires a notarized copy of the document certifying the name change, or alternatively a copy can be certified by the registrar’s employee if the original document is presented alongside it.
The registrar renders services on a fee-paying basis. Please refer to the registrar’s official web-site for more information (partner-reestr.ru).
Head of Communications and Investor Relations
Head of Investor Relations
Deutsche Bank Trust Company Americas
60 Wall St., New-York, NY, 10005 USA