Question: How are shareholders rights secured in the process of AO-energo reform?
Answer:
Shareholders who voted against reorganization or did not take part in shareholders meeting concerning Company reorganization have the right to claim their shares buyout from Company;
Buyout price is determined by Company Board of directors and based on independent evaluator report;
Each shareholder who has the right to claim their shares buyout receives a notification of acquiring this right;
In order to buyout shares a shareholder should sent Company a buyout request in time established by the law, and before the buyout time ends to provide placing of shares to personal account of emitter. Placing of shares to personal emitter account is shareholders responsibility and is not reimbursed;
The right to shares buyout claim arises only in case of reorganization resolution, and does not arise in case of resolution on approval of established companies' charters and formation of authorities of established companies;
Established companies’ securities rights measure corresponds to the measure provided by AO-energo shares (is identical to it). Measure of rights provided by established companies securities is recorded in general shareholders meeting resolution on AO-energo reorganization and further on is stated in the Charter.