OREANDA-NEWS. Considering numerous requests for clarification of the definition of persons entitled to sell the shares under the public buy-back offer received by the Company on 18 May 2015 from its shareholder TFK-Finance, we hereby clarify that Russian law does not provide for any limitation on presentation of shares for redemption. Any shareholder, regardless of his/her inclusion in the shareholders’ list as at a specific date, is entitled to present shares for redemption.
The list of holders of securities being bought back, which according to the Russian law On Joint Stock Companies is made based on the register of holders of securities as of the date of receipt of the offer by the Company, is drawn for the purposes of distribution of the buy-back offer and recommendations of the Board of Directors to shareholders.