F.A.Q
- Securities
- 1. How to purchase/ sell shares of Lenenergo PJSC?
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The shares are the property that the shareholder has the right to dispose of at his/her own discretion. He/she can sell the shares to any individual or legal entity that wants to purchase them at the fair trade agreed price.
The purchase is made on the basis of the sale and purchase agreement executed in accordance with the current legislation, followed by subsequent re-registration of property rights reflected in the register of the holders of the securities of Lenenergo PJSC (Registrar of the Company - JSC R.O.S.T. Registrar).
The shares of Lenenergo PJSC can be bought or sold with the help of a professional share market participant providing brokerage services.
The shares can be sold entirely or partially. It should be noted that income received from the sale of securities is taxed on individual income in accordance with the Russian Tax Code.
The market price of shares is not constant value and may differ significantly from the nominal value. For information on the share market price of Lenenergo PJSC, please visit the website of Moscow Exchange— www.moex.ru
The list of accredited professional securities market participant is also available on the Moscow Exchange website.
Please note that Lenenergo PJSC does not sell or purchase its shares.
- 2. How to determine what kind of tax have to be paid in case of shares sale?
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In accordance with Russian legislation, when selling securities, including shares, the income tax is as follows:
- 13% for individuals - residents
- 15% for individuals - non-residents;
- 20% for legal entities -residents/non-residents
The tax is levied from the difference between income received from the sale of securities and documented expenses related to their purchase, sale and storage.
The document confirming specified expenses are issued by persons or entities that stored shares and sold them on behalf of the shareholder, or those who purchased them from the shareholder (brokers, trustees, management companies, as well as other persons performing transactions with shares in favor of their owners).
If, for any reason, a tax agent (broker, trustee) was 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. What trading sites are shares of Lenenergo PJSC traded?
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The shares of Lenenergo PJSC are traded at Moscow Exchange PJSC www.moex.ru. The shares are included in the Third level of the Moscow Exchange Securities List from January 01, 2017.
Tickers at Moscow Exchange:
- LSNG - ordinary shares;
- LSNGР - preferred shares.
The trading date of the shares of Lenenergo PJSC at Moscow Exchange - July 16, 2003.
- 4. Where can I find out the current market value of shares?
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The current market price of shares of Lenenergo PJSC based on the results of trading at Moscow Exchange is available at the official website of Moscow Exchange.
There are also other sources of information on the Company's securities trading (Investing.com, IC Finam, Quotetotal, Reuters and etc.).
In addition, the data on the current quotations of the Company's securities and tools for their analysis are available at the Lenenergo PJSC website.
- 5. What is the nominal value of shares of Lenenergo PJSC?
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The nominal value of the shares of Lenenergo PJSC is 1 ruble.
- 6. How many shares of Lenenergo PJSC are in free float?
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The share capital of Lenenergo PJSC consists of 8,617,049,631 and 5/100 pieces of shares. The portion of the shares in free float according to the Company's estimations is 2.51% of the Authorized capital.
- 7. Can I purchase the shares of Lenenergo PJSC as a private person and how to do it?
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The shares of Lenenergo PJSC are in free float at the Russian stock market (Moscow Exchange) and are sold / purchased by interested parties at the market price.
The company's shares may be purchased at the stock exchange through investment companies (brokers) by signing a respective agreement with them.
- 8. What to do, if I receive an offer from an unknown company inviting to sell the shares of Lenenergo PJSC to it?
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First of all, we advise you to gather information on this company to make the most complete picture of its activities.
As a rule, unfair participants of the securities market, who use illegally obtained information on shareholders, make offers to sell shares. The price, at which such companies offer to sell the shares, is often below the market price. Therefore, before making a transaction we recommend you read current market quotes of Company's share which are available at the following addresses:
Moscow Exchange and as well as at the corporate website of Lenenergo PJSC.
As part of the analysis of offers on purchase of shares of Lenenergo PJSC, the company strongly recommends that you should report such offers to the Shareholder and Investor Relations Department by phone +7 812 494 39 06, or send a corresponding letter to the e-mail address: ir@lenenergo.ru.
- 9. Can a shareholder additionally purchase shares of Lenenergo PJSC at their nominal value?
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The Company's Articles of Association does not provide for the purchasing of shares of Lenenergo PJSC at the nominal value.
- Dividends
- 1. Who makes a decision on dividends payment?
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In accordance with paragraph 3 of Article 42 of the Federal Law "On Joint-Stock Companies" No.208-FZ dated December 26, 1995, the decision on the payment of annual dividends, the amount of dividends and the form of its payment for shares of each category (type) is made by the General Meeting of Shareholders upon the recommendation of the Company's Board of Directors. The amount of dividends may not exceed the amount recommended by the Company's Board of Directors. In accordance with paragraph 2 of Article 42 of the Federal Law "On Joint-Stock Companies" No.208-FZ dated December 26, 1995, the source of dividends payment is the Company's profit after tax (net profit of the Company).
- 2. Who is entitled to receive dividends?
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In accordance with paragraph 4 of Article 42 of the Federal Law "On Joint-Stock Companies" No.208-FZ dated December 26, 1995, the shareholders who own the shares as at the date of the list of persons entitled to participate in the General Meeting of Shareholders (at the record date), as the list is compiled on the basis of the Company’s register of shareholders, is entitled to receive dividends. The date of the Company's list of persons entitled to participate in the General Meeting of Shareholders is annually set depending on the date of the annual General Meeting of Shareholders. In accordance with paragraph 11.4 of Article 11 of the Company's Articles of Association, the Company's list of persons entitled to participate in the General Meeting of Shareholders may not be established earlier than 10 (ten) days from the date of the decision to hold the General meeting and more than 55 (fifty-five) days before it.
The amount of annual dividends paid by Company for each ordinary share shall not exceed the amount payable as dividends for each preferred share.
- 3. What is the term for dividends payment?
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In accordance with paragraph 7.7 of Article 7 of the Company's Articles of Association, the Company's dividends payment term to a nominal holder and a trustee who is a professional participant in the securities market , which are registered in the register of shareholders, shall not exceed 10 business days, and to other persons registered in the register of shareholders - 25 business days from the date of which persons are determined entitled to receive dividends.
The date on which the persons entitled to receive dividends are determined in accordance with the decision on dividends payment (declaration) cannot be set earlier than 10 days from the date of the decision on dividends payment (declaration) and later than 20 days from the date of such decision.
- 4. What does the amount of dividends of Lenenergo PJSC depend on?
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The Company's Board of Directors approved the Dividend Policy Regulation, which determines the main provisions for the dividends payment of the Company. The text of the regulation is available at the Company's website in the Internal documents section.
The amount of dividends per the shares of Lenenergo PJSC is calculated based on the amount of the net profit reflected in the financial statements according to Russian standards.
In accordance with the Articles of Association of Lenenergo PJSC, the total amount paid as a dividend per each preferred share is set 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 makes offers on the amount of dividends to the General Meeting of Shareholders, which makes the final decision on the dividends payment. The amount of the dividends approved by the meeting must not exceed the amount recommended by the Company's Board of Directors
- 5. Is it possible to pay dividends in shares?
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No. In accordance with paragraph 1 of Article 42 of the Federal Law "On Joint-Stock Companies" No.208-FZ dated December 26, 1995, the dividends are paid in money, and in cases stipulated by the Company's Articles of Association - in other property. The Articles of Association of Lenenergo PJSC do not provide for another way of dividends payment, therefore the Company may pay the dividends only in money.
- 6. How does the Сompany pay dividends?
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Since January 1, 2014 in accordance with paragraph 8 of Article 42 of the Federal Law "On Joint-Stock Companies" No. 208-FZ dated December 26,1995, the payment of dividends in money to individuals whose rights to shares are recorded in the register of shareholders of the Company shall be made by postal money transfer or, if there is a corresponding application of these persons by money transfers to their bank accounts. All changes regarding the dividend payment procedure can be found in the Сurrent information section.
- 7. How do I change the payment form of dividends from postal transfer to bank transfer?
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In order to change the payment form of dividends, you should turn to the Company's registrar and update the data in the questionnaire of the registered person indicating the details of your bank account for the bank transfer.
We recommend that you specify the details for the bank transfer of dividends in advance at the bank in which your personal account is opened, including:
personal account number;
name of the bank (bank branch);
bank account number of the bank;
number of the correspondent account of the bank;
BIC of the bank;
INN of the bank. - 8. What are the reasons for non-payment of dividends to the shareholder of Lenenergo PJSC?
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The most frequent reason for non-payment 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). In accordance with the section 44 of the Federal Law "On Joint-Stock Companies" No. 208-FZ dated December 26, 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 shall not be liable for losses caused in this regard.
Therefore, in case of data change, the shareholder or nominal holder of the shares shall submit a new questionnaire form of a registered person to JSC R.O.S.T. Registrar (the registrar of the Company) in order to obtain dividends. The model of the questionnaire form of a registered person is available at the website of the Company's registrar JSC R.O.S.T. Registrar.
- 9. Can I receive dividends if I sell shares after the record date?
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Yes, you can. Dividends will be paid to you, if you are a shareholder as at the record date for participation in the General Meeting of Shareholders, which passed the decision on dividends payment. In accordance with paragraph 11.4 of Article 11 of the Company's Articles of Association, the Company's list of persons entitled to participate in the General Meeting of Shareholders may not be established earlier than 10 (ten) days from the date of the decision to hold the General meeting and more than 50 (fifty) days before it.
- Issues relating to activities of the Company's Register
- Issues related to Corporate Governance
- General issues