Rights on preference shares

Face value — 10 roubles

State registration number — 20201439В

Rights of shareholders

Shareholders are not liable for the bank’s obligations and carry risk of losses associated with the bank’s activity only within the value of shares owned.

The rights of the Shareholders, who hold preference registered shares, shall depend upon the rights provided for each type of the said shares.

The preference shares of the Bank of the same type shall provide the same rights to its holders.

In the cases stipulated by the current legislation of the Russian Federation, if the Shareholders, which hold the preference shares of the certain type, are given the right of vote in the General Meeting of Shareholders, each preference share shall give the relevant Shareholder the right on one vote.

The Shareholders, which hold the preference non-documentary registered shares with the fixed rate of dividend, shall reserve the following rights:

  • to vote in the General Meeting of Shareholders of the bank for resolution on the issues of reorganisation and liquidation of the bank, of making any amendments and alterations to the Articles of Association of the bank, which may restrict the rights of the shareholders, which hold the preference shares of the said type, on the issue on delisting of the preference shares of the said type, on the issue on applying to the Bank of Russia for exemption from the obligations of the Bank to disclose or provide information under the legislation of the Russian Federation on securities; to vote on all the matters within the competence of the General Meeting of Shareholders of the Bank, beginning from the General Meeting, which follows the annual General Meeting, which, regardless of any reasons, failed to adopt the resolution for payment of dividends or adopted the resolution for incomplete payment of dividends for the preference shares of the said type (this right shall be terminated at the moment of the first payment of dividends in the full amount);
  • to receive the fixed dividend at the rate of 20 percent per annum of the face value of shares;
  • to receive the liquidation value of share as 100 percent of its face value.

Shareholders which hold voting shares are entitled to demand from the bank redemption of all or any part of shares held by them, respectively, in the following cases:

  • reorganisation of the bank or conclusion of any large transaction, which approval resolution is adopted by the General Meeting of Shareholders, if they voted against adoption of the resolution on such reorganisation or approval of the said transaction or did not take part in voting on these issues;
  • amendments and alterations to the Articles of Association of the bank (adoption by the General Meeting of Shareholders of the resolution constituting ground for amendments and alterations to the bank’s Articles of Association) or approval of the bank’s Articles of Association in a new edition limiting their rights if they voted against the relevant resolution or did not take part in voting;
  • adoption by the General Meeting of Shareholders of the resolution on submission of an application for delisting of shares in the bank and (or) issuance securities of the bank convertible into shares in it, if they voted against the relevant resolution or did not take part in voting.

Owners of all categories (types) of shares shall reserve the following rights:

  • to dispose the own shares without the consent of other shareholders and the bank;
  • to receive any information about activities of the bank, to have access to any documents of the bank, in accordance with the procedure and in the volume stipulated by the current legislation of the Russian Federation;
  • to have priority in acquisition of any shares and other securities issued by the bank, which may be converted into shares and allotted through public offering, in accordance with the procedure stipulated by the Articles of Association and the current legislation of the Russian Federation;
  • to demand to the bank for redemption of all or any part of the held shares, in the cases stipulated by the Articles of Association and the current legislation of the Russian Federation;
  • to receive monetary funds and (or) the bank’s issuance securities allotted by another legal entity based on the resolution to decrease the bank’s Authorized Capital by decreasing the par value of shares, if such resolution provides for the payment of cash to shareholders, and (or) the bank securities;
  • to elect and to be elected to the management bodies of the bank and to the Audit Commission of the bank, in accordance with the procedure set by the Articles of Association and by the current legislation of the Russian Federation;
  • to demand for convocation of the extraordinary General Meeting of Shareholders of the bank and to be entitled to add any matters to the agenda of the Annual General Meeting of Shareholders of the bank, in accordance with the Articles of Association and with the current legislation of the Russian Federation;
  • appeal against the resolution of the General Meeting of Shareholders in violation of the Russian legislation and the Articles of Association of the bank, if he/she did not take part in the General Meeting of Shareholders or voted against the resolution and that resolution violated his/her rights and (or) the legitimate interests;
  • to appeal against the resolution of the Board of Directors taken in violation of the current legislation of the Russian Federation and the Articles of Association of the bank, if the resolution violates the rights and (or) the legitimate interests of the bank or the shareholder;
  • enter into shareholders agreements concerning the rights certified by the shares, and (or) about the features of the rights to the shares;
  • to exercise any other rights, which may be set by the Articles of Association and the current legislation of the Russian Federation.