Structure of the share capital
In 2020 the authorised capital of PAO Sovcomflot increased and as at 31 December 2020 amounted RUB 2,374,993,901 and consisted of 2,374,993,901 ordinary registered shares with a nominal value of RUB 1 each.
Implementation of the plan to privatize 25 percent minus 1 share in Sovcomflot approved by the Government of the Russian Federation
In 2020 the forecast plan for the privatization of federal property and the main areas of federal property privatization for 2020-2022, approved by Russian Government Order
The following measures were carried out to implement the plan.
In pursuance of the resolution of an extraordinary general meeting of shareholders (
The decision on the additional issue or ordinary registered shares of PAO Sovcomflot and the securities prospectus for these shares were amended according to the decision made by the PAO Sovcomflot Board of Directors on 12 November 2019 (Minutes No. 186 dated 13 November 2019). The securities placement period was extended by one year. The amendments were registered by the Bank of Russia on 30 December 2019.
By a resolution of an extraordinary general meeting of shareholders (
On 22 June 2020 the PAO Sovcomflot Board of Directors adopted a decision to make amendments to the decision on an additional issue of PAO Sovcomflot securities and the securities prospectus, including as regards the increase in the number of the Company’s shares to be placed to 655,565,735.
The sole shareholder of PAO Sovcomflot represented by the Federal Agency for State Property Management adopted a decision to approve a major interested-party transaction consisting of a series of related transactions involving the initial public offering of PAO Sovcomflot shares
On 14 September 2020 the PAO Sovcomflot Board of Directors made a decision to file an application for the listing of the Company’s ordinary shares to Public Joint-Stock Company Moscow Exchange
On 6 October 2020 the PAO Sovcomflot Board of Directors made a decision to set the placement price for ordinary shares (registration number of the additional issue:
PAO Sovcomflot conducted an initial public offering of 408,296,691 shares in accordance with the above corporate resolutions on
The notice on the results of an additional issue of PAO Sovcomflot securities was approved by the Company’s CEO on 21 October 2020 and was submitted to the Bank of Russia on 22 October 2020.
Amendments to the Charter of PAO Sovcomflot regarding the amount of the Company’s authorised capital after the initial public offering of shares were registered by a tax authority on