F.A.Q

  • Securities
    1. How to purchase/sell Lenenergo shares?

    The shares are the property, the shareholder is entitled to dispose of at his/her own discretion. He/she may sell the shares to any individual or legal entity, who has wished to buy them at the fair trade agreed price.

    Purchase is performed on the basis of the sale and purchase agreement registered according to the effective laws, accompanied by subsequent re-registration of ownership reflected in the register of the holders of the securities of Lenenergo (Register Holder of the Company is JSC Registrar R.O.S.T.).

    Lenenergo shares may be bought or sold through a professional share market participant rendering broker services.

    The shares may be sold entirely or partially. It should be noted that the income received as a result of the securities sale is subject to the individual income tax according to the Tax Code of the Russian Federation.

    The market price of the shares is not a constant value and may essentially differ from the par value.

    The information on the Lenenergo share price on the stock market is available at the websites of JSC Moscow Exchange - www.micex.ru

    The website of JSC Moscow Exchange also contains the lists of the professional securities market participants certified for holding operations at these stock exchanges.

    Please note that Lenenergo shall neither sell or purchase its shares.

    2. How to determine the amount of tax to be paid in the event of shares sale?
    According to Russian laws, the income tax of

    13% for individuals - residents;

    30% for individuals - nonresidents;

    20% for legal entities - residents/nonresidents

    within the framework of sale of securities, including shares, is levied from the difference between the income obtained as a result of the securities sale, and documentary confirmed charges related with their purchase, sale and storage.

    The documents confirming the mentioned charges are issued by the persons and entities, which stored the shares and sold them on behalf of the shareholder, or by those who bought them from the shareholder (brokers, trustees, management companies, and other persons performing operations with shares in favor of their owners).

    If a tax agent (broker, trustee) for any reason has not levied the individual income tax upon the end of a year when the shares were sold, an income declaration is submitted to the tax inspection together with the mentioned documents.
    3. Where are Lenenergo shares traded?

    Lenenergo shares are traded at the trading sites of JSC Moscow Exchange.

    Information on the start of the shares trading at MICEX Stock Exchange:

    - Ordinary and preferred shares - 16.07.2003

    4. Are Lenenergo shares listed at any stock exchange?

    Lenenergo shares are included in the following quotation lists:
    - "B" – CJSC MICEX SE. The date of inclusion in the Quotation List - 21.12.2007.

    The ticker at the stock exchange:
    LSNG - ordinary shares;
    LSNGР - preferred shares.

    5. Where can I learn the current market value of shares?

    The current market value of Lenenergo shares based on the results of trading at Moscow Exchange is available at the official website of JSC Moscow exchange.

    There are also other sources of information on the Company's share trading (Bank VTB24, IC Finam, Quotetotal, etc).

    Besides, the data on the current quotations of the Company's securities are placed at the Company's website. The analysis of change of the Company's share quotations against the previous trading session is also presented at the website of Lenenergo

    6. What is the par value of Lenenergo shares?

    The par value of the shares of JSC "LENENERGO" is RUR 1 (1 ruble).

    7. How many Lenenergo shares are in free float?

    The share capital of JSC "LENENERGO" consists of RUR 1,019,285,990 and 4/100 pieces of shares. The portion of the shares in free float according to the company's estimations is 7.34% of the Joint-Stock Capital [1].

    8. May I purchase Lenenergo shares as a private person, and how to do this?

    Lenenergo shares are in free float at the Russian stock exchange market (Moscow Exchange MICEX-RTS Open Joint-Stock Company) and are sold/bought by interested persons at the market price.

    The company's shares may be bought at the stock exchange through investment companies (brokers) by way of entering into the respective agreement with them.

    9. What to do, if I receive an offer from an unknown company inviting to sell Lenenergo shares to it?

    Fist, we advise that you should collect the information on this company to obtain a complete idea about the activities held by it. As a rule, a shareholder is approached by unfair participants of the securities market who use illegally obtained information on shareholders and offer to sell shares. The price, at which such companies offer to sell the shares, is frequently below the market price. Therefore, completion of a transaction should be preceded by examination of the Company's current market stock quotes, which are provided in the Internet at:

    JSC Moscow Exchange, and at the corporate website of Lenenergo

    Within the framework of the analysis of offers on purchase of Lenenergo shares, the company urgently recommends that shareholders should inform the Shareholder and Investor Relations Department on such offers by telephone +7 812 494 74 35, or send a respective letter to the e-mail: ir@lenenergo.ru.

    10. May a shareholder additionally purchase Lenenergo shares at their par value?

    The opportunity of purchase of the shares of JSC "LENENERGO" at the par value is not stipulated by the Company's Articles of Association.

  • Dividends
    1. Who resolves to pay dividends?

    According to clause 3 of section 42 of Federal Law #208-FZ "On joint-stock companies" dated 26.12.1995, the resolution on payment of the year-end dividends, the amount of the dividend and form of its payment per the shares of each category (type) is passed by the General Meeting of Shareholders followed by the recommendation of the Company's Board of Directors. The amount of the dividends must not exceed the amount recommended by the Company's Board of Directors.

    2. Who is entitled to dividends?
    The shareholder - owner of preferred shares, who owns the shares as at the date of the shareholder register close, is entitled to dividends.

    According to the Company's Articles of Association, the total amount paid as a dividend per each preferred share is determined in the amount of 10 (ten) percent of the Company's net profit based on the results of the last financial year determined pro rata to the number of the sold preferred shares.

    If the amount of year-end dividends paid by the Company per each ordinary share exceeds the amount payable as dividends per each preferred share, the amount of the dividend paid per the latter should be increased to the amount of the dividend paid per the ordinary shares.
    3. What is the deadline for dividends payment?

    According to clause 7.7. of Article 7 of the Articles of Association of JSC "LENENERGO", the deadline for payment of dividends is determined by the General Meeting of Shareholders of JSC "LENENERGO", but must not exceed 60 (sixty) days as from passing of the resolution on their payment.

    4. What does the amount of dividends of Lenenergo depend on?
    The Company's Board of Directors approved the Dividend Policy Regulation, which determined the substantive provisions of payment of the Company's dividends. The text of the regulation is available at the company's website at http://www.lenenergo.ru/ru/vnutrenniedokume/.

    The amount of dividends per the shares of JSC "LENENERGO" is calculated based on the amount of the net profit stated in the accounting reports under Russian standards.

    According to the Articles of Association of JSC "LENENERGO", the total amount paid as a dividend per each preferred share is fixed at 10 (ten) percent of the Company's net profit based on the results of the last financial year determined pro rata to the number of the sold preferred shares of type A.

    The Board of Directors submits offers on the amount of a dividend to the General Meeting of Shareholders, which passes the final resolution on payment of dividends. The amount of the dividends approved by the meeting must not exceed the amount recommended by the Company's Board of Directors.
    5. Can I receive dividends in shares?

    No, you cannot. According to clause 1 of section 42 of Federal Law # 208-FZ "On Joint Stock Companies" dated 26.12.1995, the dividends are paid in money, and in the event stipulated by the company's articles of association - in other property. The Articles of Association of JSC "LENENERGO" do not provide for another way of dividends payment, therefore the Company may not pay the dividends otherwise than in money.

    6. How can I avoid charges for transfer of dividends by postal remittance?

    In order to avoid charges for transfer of dividends by postal remittance, you should turn to the Company's registrar and update the data in the questionnaire of the registered person through inserting the details of your bank account for realization of the bank transfer. As a rule, the bank transfer is cheaper than the post remittance and is performed within the shorter time.

    7. What are the reasons for non-payment of dividends to the shareholder of Lenenergo?
    The most frequent reason for nonpayment of dividends is failure to submit information on change of the details by the shareholder to the register (for example, place of residence, bank details). According to section 44 of Federal Law #208-FZ "On Joint Stock Companies" dated 26.12.1995, the person registered in the register of the Company's shareholders is obliged to inform in due time the holder of the register of the company's shareholders on any change of his/her details. If the shareholder fails to provide any information on change of his/her details, the company and the registrar are not liable for the losses caused in this respect.

    Therefore, if the data changes, the shareholder or nominal holder of the shares must submit a new form of a registered person to JSC "Registrar R.O.S.T" (the registrar of the Company) in order to obtain dividends. The model of the form of a registered person is available at the website of the Company's registrar JSC "Registrar R.O.S.T" http://www.rrost.com/documents/holder-orders.
    8. Can I receive dividends if I sell shares after the date of the register close?

    Yes, you can. Dividends will be paid to you, if you are a shareholder as at the date of close of the shareholder register for participation in the General Meeting of Shareholders, which passed the resolution on payment of dividends.

  • Issues relating to activities of the Company's Register Holder
    1. Who is entitled to maintain the shareholder register of Lenenergo?
    According to clause 3 of section 44 of the Federal Law "On Joint Stock Companies", if the Company's shareholders exceed 50, a registrar should act as the register holder. The number of shareholders of JSC "LENENERGO" exceeds 6,000 shareholders.

    The registrar is a professional participant of the securities market, which performs the operations related with maintenance of the register of owners of nominal securities as exclusive operations on the securities market on the basis of the agreement with the issuer and has the license for implementation of such kind of operations.
    2. What registrar maintains the shareholder register of Lenenergo?
    Now the shareholder register of JSC "LENENERGO" is maintained by JSC "Registrar R.O.S.T" (http://www.rrost.com/)

    The seat and post address: 18 Stromynka Street, Moscow, 107996, POB 9, tel. (495) 771-73-35, fax (495) 771-73-34, e-mail: rost@rrost.ru.

    The seat of the Standalone Division of JSC "Registrar R.O.S.T" in Saint Petersburg: 58, lit. A, 4th floor, Malyi prospect V.O., St. Petersburg, 199178, tel.: (812) 320-67-36, e-mail: rrost-spb@rrost.ru.

    JSC "CMD" maintained the shareholder register prior to 14.12.2010 (www.mcd.ru/)
    3. Why cannot shareholders of Lenenergo obtain the shares in kind?
    JSC "LENENERGO" issued the shares, which are nominal securities. In compliance with section 16 of the Federal Law "On the Securities Market" nominal securities are issued only as uncertificated securities. The shareholders of JSC "LENENERGO" are holders of the securities, which were issued as uncertificated securities.

    Confirmation of presence of the shares in the personal account is an extract from the shareholder register.
    4. What is an extract from the shareholder register? How can a registered person or his/her authorized representative obtain it?
    An extract from the system of maintenance of the register is the document which is issued by the holder of the register and contains the name of the owner of the personal account, quantity of securities of each issue available in this account at the moment of delivery of the extract, facts of their encumbrance through liabilities, and other information concerning these securities.

    The extract from the system of maintenance of the register should contain information on all restrictions or the facts of encumbrance of the securities through liabilities fixed as at the date of its drawing up.

    The extract is not a security. It just confirms availability of securities in the personal account as at a particular date.

    In order to obtain an extract from the shareholder register, the applicant provides the registrar with an order or inquiry for delivery of the information.

    The order for obtaining of an extract is provided directly by the registered person or its authorized representative. Identification of the registered persons and their authorized representatives is carried out on the basis of the document of identification.

    If the order is submitted by the authorized representative, such representative must have about himself/herself the original of the document confirming the right of the authorized representative to act on behalf of the registered person, or its copy certified by a notary.

    The registrar is obliged to provide an extract from the shareholder register to the registered person or his/her authorized representative within 5 business days.

    The information on the value of such operation and models of documents are contained at the website of the register holder JSC "Registrar R.O.S.T":

    The information on the current tariffs - http://www.rrost.com/tariffs/;

    The model of an extract from the Register - http://www.rrost.com/services/holders/list-inquiry/account/excerpt/.
    5. How can I find information on the number of Lenenergo shares I own?

    You should turn to the Company's registrar JSC "Registrar R.O.S.T" for this purpose with an order to provide an extract from the shareholder register. The deadline for granting of an extract shall not exceed 3 business days.

    6. Does a shareholder of Lenenergo have to submit the information on changes of his/her personal details at the place of the shares registration?
    The shareholder is obliged to provide correct information about him/her. (clause 5 of section 44 of Federal Law #208-FZ dated 26.12.2005 "On Joint Stock Companies", clause 6.1. of the Regulation on Maintenance of the Register of Holders of Nominal Securities approved by Resolution #27 of the Federal Securities Commission dated 02.10.1997).

    If the Company's shareholder register contains out-of-date, incorrect or incomplete information, this may involve troubles in respect of performance of any operation with securities, such as registration of the sale and purchase transaction, obtaining of extracts from the securities account, account activity information for tax services, registration of transfers between depositaries, inheritance, donation.

    Identification based on out-of-date, incorrect or incomplete data is impossible. Therefore if there are any changes in your personal details (first name, middle name, last name, details of the document of identification, address of official residential registration, number of the bank account the dividends are transferred to), you must turn to the registrar. For this purpose you must fill in the form of a registered person placed at: http://www.rrost.com/ukraine/documents2/ and personally or through the authorized representative (that is by way of delivery of a power of attorney to your authorized person entitling to submit the form of a registered person to the registrar) and turn to the registrar (You must have the original of the document of identification about yourself). If the shareholder does not submit the information on change of the data, the company and the registrar are not liable for the losses caused in this regard.

    The information on the value of such operation and models of documents are contained at the website of the register holder JSC "Registrar R.O.S.T" at http://www.rrost.com/tariffs/.
    7. How can I start to exercise the right to inherit shares?
    Registration of ownership in respect of the shares and other inherited property is held according to the effective legal rules.

    In order to obtain the right to inherit the shares of JSC "LENENERGO", you must turn to the notary, if less than six months have passed since the shareholder's death, or you should turn to the judicial authorities at the place of registration of the shares (estate-leaver), if more than six months have passed since the shareholder's death, and to receive Certificate on the Right to Inherit the Shares and Dividends under the Law or the court judgment.

    The notary (judge) should forward the inquiry about the quantity of the shares and the amount of dividends in the estate-leaver's account to the place of the shares registration (the registrar JSC "Central Moscow Depositary"). It should be taken into consideration that the inquiry is issued on a special letterhead and written in Russian. The notary (judge) should include the following details in the inquiry: surname, name, patronymic in full, address and other available information allowing for identification of the shareholder in the register. The signature in the inquiry should be certified by a round seal.

    According to the resolution of the extraordinary General Meeting of Shareholders, JSC "LENENERGO" was reorganized by way of spin-off of the following joint-stock companies:

    JSC "Petersburg Generating Company" (it has been included in JSC "Territorial Generating Company #1 since 01.11.2006),

    JSC "North-West Power Management Company",

    JSC "Petersburg Sales Company",

    JSC "Petersburg Transmission Grids" (it is included in JSC "UES FGC" since 17.12.2007).

    The inquiries on the quantity of the shares of the newly established companies belonging to the estate-leaver must also be forwarded to JSC "Registrar R.O.S.T". Please note that these inquiries may be issued as one letter.

    When the information is obtained by inquiry, the notary issues the Certificate on the Right to Inherit the Shares and Dividends under the Law, and the judge passes the respective judgment.

    Then the lawful heir should take the passport and the original of the Certificate or its copy certified by a notary (the court judgment) and visit the register holder JSC "Registrar R.O.S.T".

    The documents are submitted to the registrar personally or by the authorized representative (that is by way of delivery of the power of attorney to your authorized person entitling to provide these documents to the registrar). When you turn to the registrar, you should have about yourself the original document of identification.

    If the lawful heir does not have his/her personal account with the shareholder register, he/she is obliged to provide the documents required for opening of the personal account.

    The registrar enters a record about transfer of ownership to the securities as a result of inheritance into the Register within 3 days as from the date of acceptance of the documents.

    The information on the value of such operation is contained at the website of the register holder JSC "Registrar R.O.S.T" at www.rrost.com/tariffs/.
    8. How can an individual open his/her personal account in the shareholder register?
    A personal account is opened before transfer of securities to it (registration of pledge) or simultaneously with granting of the transfer (pledge) order. Opening of the personal account of the individual in the register may be made by the person or his/her authorized representative.

    In order to open the Personal Account, the individual provides the registrar with the form of the registered person with the respective order placed at: http://www.rrost.com/ukraine/documents2/

    The form is transferred to the registrar personally or by the authorized representative (that is by way of delivery of the power of attorney to your authorized person entitling to provide the transfer order to the registrar). He/she must have about himself/herself the original document of identification.

    The registrar enters a record into the shareholder register about opening of the personal account of the registered person within 3 days as from the date of acceptance of the documents.

    The information on the value of such operation is contained at the website of the register holder JSC "Registrar R.O.S.T" at http://www.rrost.com/tariffs/.
    9. Donation of shares
    Any transfer of shares (transfer of the rights to shares), including donation, is carried out subject to entering respective records into the Register. These records as a rule are entered under the Transfer Order of their owner registered in the Register.

    If the donee is not the shareholder of the Company, he/she must open a personal account.

    The transfer order is transferred to the registrar personally or by the authorized representative (that is by way of delivery of the power of attorney to your authorized person entitling to provide the transfer order to the registrar) (you should have about yourself the original document of identification)
    10. Blocking of the account and release of blocking at the initiative of the holder
    Blocking of Operations under the Personal Account of the Registered Person is an operation performed by the registrar and intended for prevention of unauthorized transfer of securities.

    The records on blocking of Operations under the Personal Account are entered into the Register at the initiative of the holder on the basis of the blocking order of the Registered Person. Blocking may be carried out both in respect of all shares registered in this personal account, and in respect of a part of them.

    The order is transferred to the registrar personally or by the authorized representative (that is by way of delivery of the power of attorney to your authorized person entitling to provide the transfer order to the registrar) (you should have about yourself the original document of identification).

    The registrar enters a record on blocking of Operations under the Personal Account in the Register within 3 days as from the date of acceptance of the documents by it, except for the events, as set forth by the Russian Federation laws.

    The order on release of blocking of Operations under the Personal Account serves as a basis for release of blocking of Operations under the Personal Account at the initiative of the Registered Person.

    The registrar enters a record about the release of blocking of Operations under the Personal Account in the Register within 3 days as from the date of acceptance of the documents by it.

    The information on the value of such operation is contained at the website of the register holder JSC "Registrar R.O.S.T" at http://www.rrost.com.
    11. How can I transfer my securities from one depository to another?
    You must provide the depository, where your shares are stored, with the respective Depository Order on their write-off to the register (the name of the order may differ depending on the depository) to your account. If you don't have an account in the shareholder register, the Order should be accompanied by the documents for opening of an account. To pay to the registrar for re-registration of your shares to your account in the shareholder register.

    After re-registration of your shares to your account of the registered person in the Company's shareholder register, the depository is obliged to provide you with the Notice on Performance of the Operation.
    12. Who makes payments of dividends?

    Dividends were paid by the Company's former registrar JSC "CMD" prior to the end of the year 2010; dividends per the shares of JSC "LENENERGO" will be paid by the current registrar JSC "Registrar R.O.S.T." (including for the previous 3 years) starting with the year 2011.

  • Corporate Governance
    1. Who is entitled to participate in the General Meeting of Shareholders?
    According to the Company's Articles of Association, the following persons are entitled to participate in voting on the items of the agenda of the general meetings of shareholders:

    1. shareholders - holders of the Company's ordinary shares, on all of the agenda items.

    2. shareholders - holders of preferred shares when making a resolution on the following items:

    - on reorganization and liquidation of the Company;

    - on introduction of changes and additions to the Company's Articles of Association, which limit the rights of the shareholders - holders of preferred shares;

    - on all of the items as from the meeting following the annual meeting of shareholders, which did not take a resolution on payment of dividends or which took the resolution on incomplete payment of dividends per the preferred shares irrespective of the reasons.
    2. How does Lenenergo inform its shareholders about holding General Meetings of Shareholders and passed resolutions?
    The statement on carrying out of the General Meeting of Shareholders is published by the Company in the newspaper "Nevskoe Vremya" and is placed at the Company's website in the Internet no later than 30 (thirty) days prior to the date of its carrying out.

    Voting ballot containing the agenda items are sent by registered mail or delivered in hand with written acknowledgement of receipt to each shareholder no later than 20 (twenty) days prior to the date of carrying out of the General Meeting of Shareholders.

    The results of voting and the resolutions passed by the Company's General Meeting of Shareholders may be announced at the Company's General Meeting of Shareholders. If the voting results and resolutions are not announced at the General Meeting, the resolutions passed by the Company's General Meeting of Shareholders and the voting results are published in the newspaper "Nevskoe Vremya" in the form of the report on the voting results no later than 10 (ten) days after drawing up of the minutes on the voting results.

    The minutes of the General Meeting of Shareholders is made in 2 (two) copies no later than 15 (fifteen) days after close of the General Meeting. Both copies are signed by Chairman of the General Meeting and Secretary of the General Meeting.
    3. What is the procedure for including items in the agenda of the General Meeting of Shareholders, and nominating candidates to the Company's management and control bodies?

    According to clause 13.1. of Article 13 of the Company's Articles of Association, the shareholder (shareholders), who is (are) owners of at least 2% of the voting shares of JSC "LENENERGO", has (have) the right to include items in the agenda of the General Meeting of Shareholders and to recommend candidates to the Board of Directors and the Internal Audit Commission of the Company, the number of which may not exceed the number of the members of the respective body. Such offers should be received by the Company no later than 60 days upon the end of the financial year.

    4. What is the procedure for carrying out an Extraordinary General Meeting of Shareholders?
    The extraordinary General Meeting is held under the resolution of the Board of Directors at its own initiative, by the request of the Internal Audit Commission, Auditor of the Company and the shareholders (shareholder) owning at least 3 (three) percent of the Company's voting shares as at the date of submission of the request.

    The resolution of the Board of Directors on convocation of the extraordinary General Meeting or motivated resolution on refusal to convoke it is sent to the persons demanding its convocation no later than 3 (three) days as from the moment of passing of such a resolution.

    If the proposed agenda of the extraordinary General Meeting contains an item on election of members of the Board of Directors, the General Meeting of Shareholders should be held within 90 (ninety) days as from the moment of presentation of the request in respect of carrying out of the Company's extraordinary General Meeting of Shareholders.

    The Company's shareholders (shareholder) owning in aggregate at least 2 (two) percent of the Company’s voting shares are entitled to offer candidates for election to the Board of Directors, the number of which may not exceed the number of the members of the Board of Directors. Such offers must be accepted by the Company no later than 30 (thirty) days prior to the date of carrying out of the extraordinary General Meeting.

    The statement on carrying out of the extraordinary General Meeting of Shareholders must be made no later than 70 (seventy) days prior to the date of its carrying out.
    5. Is the shareholder entitled to reconsider his/her decision on any item during the General Meeting of Shareholders and to turn to the tabulation commission with the request to cancel his/her filled-in ballot?

    The Federal Law "On Joint Stock Companies" does not stipulate the right of the shareholder, who reconsiders his/her decision on any item during the General Meeting of Shareholders, to turn to the tabulation commission with the request to cancel his/her ballot and to receive a new ballot instead of the ballot accepted for voting.

    6. How is the Company's Board of Directors elected at the General Meeting of Shareholders of Lenenergo?
    According to clause 4 of section 66 of the Federal law "On Joint Stock Companies", election of the members of the Company's Board of Directors is carried out by the cumulative voting. The candidates who polled the largest number of votes are considered elected to the membership of the Company's Board of Directors.

    The shareholders voting on the item of the election of the members to the Board of Directors of JSC "LENENERGO" first of all make the following decision: to vote for election of the candidates offered in the ballot, to vote against all candidates or to abstain in respect of all candidates.

    The shareholders who have chosen the voting variant "for" are entitled to carry out election of the members of the Company's Board of Directors by cumulative voting. In the event of cumulative voting the number of votes belonging to the shareholder is multiplied by the number of the persons to be elected to the Company's Board of Directors (13), and the shareholder is entitled to give the votes obtained in such a manner (for convenience of the shareholders, the number of the cumulative votes is stated in the ballot) completely for one candidate or to distribute them between two and more candidates.

    If the number of the candidates stated in the voting ballot on the item of the election of the members of the Company's Board of Directors does not exceed the quantity of the members of the Board of Directors stipulated by the Articles of Association of JSC "LENENERGO" - 13, then those candidates will be recognized elected, who have received votes, irrespective of the number of the votes.

    If the number of the candidates stated in the voting ballot on the item of election of the members of the Company's Board of Directors exceeds the number of the members of the Board of Directors stipulated by the Articles of Association of JSC "LENENERGO" - 13, then 13 candidates, who polled the largest number of votes will be recognized elected.
    7. What is the effective term of powers of the Company's Board of Directors elected by shareholders at the Annual General Meeting of Shareholders?
    The members of the Company's Board of Directors are elected by the General Meeting of Shareholders for the period before the next annual General Meeting of Shareholders.

    If the annual General Meeting of Shareholders has not been held within the period set out by laws (not earlier than two months and not later than six months after the end of the financial year), the powers of the Company's Board of Directors are terminated, except for the powers related with preparation, convocation and carrying out of the annual General Meeting of Shareholders.
  • General
    1. Where can I learn about the tariffs for electric power transmission?
    According to the current laws of the Russian Federation, JSC "LENENERGO" is obliged to place the information on tariffs at the company's website (connection to electric grids, electric power transmission).

    Please learn the current tariffs for electric power transmission at our website in the section "Clients" (http://www.lenenergo.ru/clients/attachment/tariffs/).
    2. Where can I learn information materials of Lenenergo (financial performance, operational and investment reports)?

    Please learn the company's information items at the company's website in the section "Shareholders and Investors" (http://www.lenenergo.ru/ru/holders).

    3. When does Lenenergo disclose the information on its performance for the reporting period (Annual Report, Quarterly Report, RAS, and IFRS)?
    According to the requirements of the current laws, JSC "LENENERGO" discloses the accounting statements for the reporting period in the form of quarterly reports of the issuer of equity securities. Quarterly reports are to be submitted to FFMS of Russia no later than 45 days after the date of the end of the reporting period, and published at the corporate website of the Company in the Internet. (http://www.lenenergo.ru/holders/quart_reports/).

    The annual report is published at the web page in the Internet no later than 3 days after the date of drawing up of minutes of the General Meeting of Shareholders, which resolved to approve the annual report.

    The website of JSC "LENENERGO" contains the financial statements under IFRS and RAS since 2007. Please learn the company's financial statements here - http://www.lenenergo.ru/rsbu/, http://www.lenenergo.ru/holders/msfo/.
    4. What are branches of Lenenergo?

    The brief information on the Company's branches is placed at the company's corporate website (http://www.lenenergo.ru/company-profile/structure/filials/).

    5. In what companies does Lenenergo own stakes?

    The brief information on the companies, in which the Company participates, is available at the company's corporate website (http://www.lenenergo.ru/ru/dzo/).