F.A.Q

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

    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?

    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?

    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?

    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?

    The nominal value of the shares of Lenenergo PJSC is 1 ruble.

    6. How many shares of Lenenergo PJSC are in free float?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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
    1. Who is entitled to maintain the shareholder register of Lenenergo PJSC?

    In accordance with the amendments made by the Federal Law No. 142-FZ dated July 02, 2013  to the Civil Code of the Russian Federation with effect from October 1, 2013, rights to uncertificated securities records are kept by a person having a license under the law. Joint-Stock Companies that on the day this Law came into force in accordance with paragraph 3 of Article 44 of this document were the registers of shareholders of these companies, retain the right to maintain these registers for a year after the date of its entry into force. At the end of a year after the date of entry into force of this Law, these Joint-Stock Companies are obliged to transfer the maintenance of the register to a person having a license provided by the law, in accordance with paragraph 2 of Article 149 of the Civil Code of the Russian Federation (Article 3 of the Federal law No. 142-FZ dated July 02, 2013 ).

    2. What registrar maintains the shareholder register of Lenenergo PJSC?

    Currently, the shareholder register of Lenenergo PJSC is maintained by JSC R.O.S.T. Registrar

    Location and postal address: 107996, Moscow,13, Stromynka Street, PO Box 9, tel. (495) 780-73-63, fax (495) 780-73-67, e-mail: rost@rrost.ru.

    Location of the North-West Branch of JSC R.O.S.T. Registrar, 194044, St. Petersburg, 6, Belovodsky pereulok, (the nearest metro station is Vyborgskaya). Tel.: (812) 401-63-13, e-mail: rrost-spb@rrost.ru.

    JSC CMD maintained the shareholder register prior to December 14, 2010

    3. Why cannot the shareholder of Lenenergo PJSC obtain the shares in kind?

    Lenenergo PJSC issued the shares, which are registered securities. In accordance with Article 16 of the Federal law "On the Securities Market" registered securities are issued only as uncertificated securities. The shareholders of Lenenergo PJSC 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 get it?

    An extract from the registry system is a document issued by the registrar, which specifies the following:  the owner of the personal account, the number of securities of each issue available in this account at the time of the extract issuance; facts of their encumbrance through liabilities, and other information relating to these securities.

    The extract from the registry system should contain a note on all restrictions or the facts of encumbrance of the securities through liabilities fixed as at the date of its preparation.

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

    In order to obtain an extract from the shareholder register, the applicant provides the registrar with an order or request for obtaining information.

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

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

    The Registrar is obliged to issue an extract from the shareholder register to the registered person or his/her authorized representative within 3 business days.

    The information on the value of such operation and forms of documents are available at the website of the Registrar - JSC R.O.S.T. Registrar:

    The information on current tariffs - http://rrost.ru/ru/shareholder/important-info/reestri/emitent/tariffs/

    5. How can I find information on the number shares of Lenenergo PJSC I own?

    You need to contact the Company's registrar JSC R.O.S.T. Registrar for this purpose with an order to provide an extract from the shareholder register. The term for providing an extract shall not be exceed 3 business days.

    6. Does a shareholder of Lenenergo PJSC have to submit the information on changes in his/her personal details at the place of the shares registration?

    The shareholder is obliged to provide correct information about him/her. (paragraph 5, Article 44 of the Federal Law No. 208-FZ dated December 26, 2005 "On Joint-Stock Companies"). If the Company's shareholder register contains outdated, 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 depositories, inheritance, donation.

    Identification based on outdated, incorrect or incomplete information is not possible. Therefore if there are any changes in your personal details (full name, details of the document of identification, address of official residential registration, number of the bank account which receives the dividends), you should contact to the registrar. For that, you need to fill out a registered person's application form at: http://rrost.ru/ru/shareholder/important-info/doc_form/, and personally or through the authorized representative (that is by issuing of a power of attorney to your authorized person entitling to submit the form of a registered person to the registrar) and contact to the registrar (you must have an original identity document). 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.

    The information on the value of such operation and forms of documents are available at the website of the Registrar - JSC R.O.S.T. Registrar:http://rrost.ru/ru/shareholder/important-info/tariffs/.

    7. How can I start to exercise the right to inherit shares?

    Registration of ownership rights to shares, as well as to other inherited property is carried out in accordance with existing legal norms.

    In order to obtain the right to inherit the shares of Lenenergo PJSC, you must apply 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) must send a request for the number of shares and the amount of dividends on the estate-leaver's account at the place of  registration of shares (Registrar -JSC Registrar R. O. S. T.). Please note that the request is made on a specific form and written in Russian. The notary (judge) should include the following details in the request: full name, address and other available information allowing for identification of the shareholder in the register, number of inheritance case.  The signature in the request shall be certified by a round seal.

    In accordance with the decision of the extraordinary General Meeting of Shareholders, Lenenergo PJSC was reorganized by spin-off of the following Joint-Stock Companies:

    JSC Saint Petersburg Generating Company (since November 01, 2006 it has been a part of PJSC TGC-1)

    PJSC Northwestern Power Management Company

    JSC Petersburg Sales Company (part of Inter RAO Group)

    JSC Petersburg Transmission Grids(since December 17, 2007 it has been a part of PJSC UES FGC).

    The requests for the number of shares of newly established companies owned by the estate-leaver must also be sent to the registrars of the respective Companies, information about which can be found on the respective sites.

    After receiving information upon request, 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 heir should take the passport and the original of the Certificate or its copy certified by the notary and visit the registrar - JSC R.O.S.T. Registrar.

    Documents, including notarized copies of the questionnaire of the registered person and the passport (in accordance with the internal rules of JSC R.O.S.T. Registrar) must be transferred to the Registrar personally or through the authorized representative (that is, by issuing a power of attorney to your authorized person entitling to provide these documents to the registrar). When you turn to the registrar, you should have the original identity document.

    If the estate-leaver has several heirs, please contact the Registrar of the Company by phone +7 (812) 418-33-38 for more detailed information on the procedures of inheritance of the shares.

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

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

    The information on the value of such operation is available at the website of the Registrar - JSC R.O.S.T. Registrar:http://rrost.ru/ru/shareholder/important-info/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 questionnaire of registered person with the respective order placed at: http://rrost.ru/ru/shareholder/important-info/doc_form/.

    The questionnaire is transferred to the registrar personally or by the authorized representative (that is, by issuing a power of attorney to your authorized person entitling to provide these documents to the registrar). He/she must have about himself/herself the original document of identification. It is obligatory to bring with you the original identity document.

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

    The information on the value of such operation is available at the website of the Registrar - JSC R.O.S.T. Registrar:http://rrost.ru/ru/shareholder/important-info/tariffs/.

  • Issues related to Corporate Governance
    1. Who is entitled to participate in voting on the agenda items of 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:

    ·shareholders - owners of ordinary shares of the Company, on all items of the agenda.

    · shareholders - owners of preferred shares in solving the following items:

    o- on reorganization and liquidation of the Company;

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

    o- on all of the items starting from the meeting following the annual meeting of shareholders, which did not take a decision on payment of dividends or which took the decision on incomplete payment of dividends per the preferred shares irrespective of the reasons.

    2. How does Lenenergo PJSC inform shareholders about holding General Meetings of Shareholders, as well as about the decisions taken?

    The statement on the General Meeting of Shareholders is placed at the Company's website in the Internet no later than 30 (thirty) days prior to the date of its holding (www.lenenergo.ru)

    If the proposed agenda of the extraordinary General Meeting contains a items on the election of the members of the Board of Directors, the statement on the extraordinary General Meeting shall be made not later than 70 (seventy) days before the date of its holding.

    Voting ballot containing the agenda items are sent by registered mail or handed over against receipt to each shareholder indicated in the list of persons entitled to participate in the General Meeting of Shareholders no later than 20 (twenty) days before the date of the General Meeting of Shareholders.

    The voting results may be announced at the Company's General Meeting of Shareholder during which voting was held, and should also be brought to the notice of persons included in the list of persons entitled to participate in the General Meeting of Shareholders in the form of a Report on the voting results in the manner provided for statement on holding the General Meeting of Shareholders, no later than four business days after the closing date of the General Meeting of Shareholders.

    The minutes of the General Meeting of Shareholders is made in 2 (two) copies no later than 3 business days after the closing date 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 holding an Extraordinary General Meeting of Shareholders?

    The extraordinary General Meeting is held by decision of the Board of Directors (Supervisory Board) of the Company at its own initiative, by the request of the audit committee (auditor) of the Company, Auditor of the Company and the shareholders (shareholder) owning at least 10 (ten) percent of the Company's voting shares as at the date of submission of the request.

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

    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 95 (ninety five) days from the moment of the request to convene 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 the extraordinary General Meeting.

    The statement on the extraordinary General Meeting of Shareholders must be made no later than 70 (seventy) days prior to the date of its holding.

    4. 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 provide for 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 filled-in ballot and to receive a new ballot instead of the ballot accepted for voting.

    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 provide for 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 filled-in 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 PJSC?

    In accordance with paragraph 4 of Article 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 with the largest number of votes are considered elected to the Company's Board of Directors.

    The shareholders voting on the item of the election of the members to the Board of Directors of Lenenergo PJSC, 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 option "For" are entitled to elect members of the Board of Directors of the Company 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 number of the members of the Board of Directors established by the Articles of Association of Lenenergo PJSC – 13, then those candidates will be recognized elected, who have received votes, regardless of the number of 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 Lenenergo PJSC - 13, then 13 candidates with the largest number of votes will be considered 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 for a term until the next annual General Meeting of Shareholders, or until an extraordinary General Meeting with such a question.

    If the Annual General Meeting of Shareholders has not been held within the period established by the legislation (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 shall be terminated, except for the powers related to the preparation, convocation and holding of the Annual General Meeting of Shareholders.

  • General issues
    1. Where can I read information materials of Lenenergo PJSC (operating results, financial results, Annual reports)?

    Please read the Company's information materials at the Company's website in the Shareholders and Investors section.

    2. When does Lenenergo PJSC disclose the information on its performance for the reporting period (Annual Report, Quarterly Report, RAS, and IFRS)?

    In accordance with the requirements of the current laws, Lenenergo PJSC discloses the financial statements for the reporting period in the quarterly reports of the issuer of equity securities.  The quarterly reports are subject to publication on the website and on the page of the authorized news agency no later than 45 days after the end of the reporting period, as well as publication on the Company's corporate website on the Internet.

    The annual report shall be published on the website no later than 3 days after the date of drawing up the minutes of the General Meeting of Shareholders, which decided to approve the annual report.

    The website of Lenenergo PJSC published financial statements in accordance with IFRS and RAS, starting since 2007.