A special recording procedure for certain securities will be in effect until the end of 2025

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26.01.2023
LARGE COMPANIES OPERATING IN THE AREA OF ENERGY, ENGINEERING OR TRADE CAN TAKE CORPORATE DECISIONS WITHOUT TAKING INTO ACCOUNT THE VOTES OF CO-OWNERS FROM UNFRIENDLY COUNTRIES

Until the end of 2023, votes belonging to persons from unfriendly countries or to persons who are appointed from among the candidates nominated by persons from unfriendly countries may not be taken into account when determining the quorum and voting results on the agenda items. The provisional decision-taking procedure applies to Russian companies that simultaneously meet the following conditions:
- the company operates in the area of energy (including electric power), mechanical engineering or trade;
- the controlling person or beneficial owner is subject to foreign sanctions or restrictions;
- persons of unfriendly countries own no more than 50% of the amount of the authorised capital of the Russian company;
- the total revenue of the Russian company for the year preceding the year the decision was taken exceeds 100 billion roubles.

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