The shareholders’ right of putting items on the Agenda of the General Meeting of Shareholders

The shareholder(s) holding not less than 2 percent of the voting shares of the bank are entitled to put items on the agenda of the annual General Meeting of Shareholders and nominate candidates to the Board of Directors of the bank, Audit commission which cannot exceed the number of members of the relevant body stipulated by the Articles of Association of the bank.

Suggestions on putting items on the agenda of the General Meeting of Shareholders and nominating candidates to the bank’s bodies elected by the General Meeting of Shareholders can be made, and the requests to hold the extraordinary General Meeting of Shareholders can be forwarded:

  1. by mail addressed to the bank to the attention of the Chairman of the Board of Directors;
  2. personal delivery against signature to the person authorized to receive written communications addressed to the bank.

The suggestions (requests) shall be forwarded (presented) in writing stating the name(s) of the presenting shareholder(s) and the number and category (type) of the shares in their possession, and shall be signed by the shareholder(s) or their representatives.

If the suggestion on the agenda of the General Meeting of Shareholders is signed by the shareholder’s representative, such suggestion (request) shall be accompanied by the power of attorney from the shareholder(s).

The suggestions on items of the agenda of the General Meeting of Shareholders shall contain wording of each item and may contain wording of decision on the suggested issue.

The suggestions on nominating candidate members shall contain the name and details of the personal identification document (series and/or number, date and place of issue, issuing body) for each nominated candidate, the name of the body whereto the candidate is suggested to be elected. Such suggestion shall be accompanied by the written consent of the candidate to be nominated.

If the shareholder offered wording of the decision on the issue subject to resolution upon the suggestion of the Board of Directors, the Board of Directors of the bank is obliged to put the shareholder’s issue on the agenda, however, it is entitled to formulate own draft of decision on this issue.

The shareholders whose title of share ownership is registered with the system of keeping register of holders of registered securities of the bank are not obliged to present documentary proof of their right to putting issues on the agenda of the General Meeting of Shareholders, nominating candidates to the elected management bodies. If the suggestion to the agenda of the General Meeting of Shareholders or the request on holding the extraordinary General Meeting of Shareholders is signed by the shareholder (his/her representative) whose title of share ownership is registered on depot account with depositary, such suggestion (request) shall be accompanies with the depot account statement from the depositary registering title for such shares dated not further than three business days from the date of the relevant request.

The issue suggested by the shareholder(s) is subject to be put on the agenda of the General Meeting of Shareholders, and the candidates nominated are subject to be included into the voting ballot to the relevant body of the bank except when:

  • the shareholder(s) does not comply with the deadline to submit suggestions;
  • the shareholder(s) does not possess the necessary number of shares as of the date of submitting the suggestion and has no representative authority on behalf of the relevant shareholders;
  • the suggestion does not comply with the requirements stipulated by the current law of the Russian Federation;
  • the issue suggested to be put on the agenda of the General Meeting of Shareholders is not attributed to its competence and/or does not comply with the requirements stipulated by the current law of the Russian Federation.

In case of absence of suggestions to be put to the agenda of the General Meeting of Shareholders of the bank by the deadline, as well as absence of suggestions on nominating candidates to the bank’s bodies elected by the General Meeting of Shareholders, as well as in case of shortage of candidates suggested by the shareholders to create the relevant body of the bank, the Board of Directors of the bank is entitled to put issues on the agenda of the General Meeting of Shareholders and include candidates into the voting ballot at its own discretion.

The agenda of the General Meeting of Shareholders cannot be altered after publication of the announcement about holding the next General Meeting of Shareholders.

You can get to know in details about the General Shareholders meeting and the order of putting the suggestions on its agenda from the Regulations on the General meeting of shareholders and the Order of holding General Meeting of shareholders of Vozrozhdenie Bank.