In accordance with Federal Law No. 208-FZ On Joint-Stock Companies dated 26 December 1995, the Annual General Meeting of Shareholders is held no earlier than two months and no later than six months after the end of the reporting year, that is, between 1 March and 30 June of the year following the reporting year.
The exact date and venue of the meeting are determined by the Board of Directors of Nizhnekamskneftekhim.
A notice of a General Meeting of Shareholders is posted on the Company's website.
The Company’s shareholders included in the list of persons entitled to participate in the General Meeting may take part in such General Meeting of Shareholders.
The list is compiled by the Company’s registrar in line with the register of shareholders and information on persons exercising their rights in respect of the shares received from nominee shareholders having nominee accounts on the register.
The date to form the list of persons entitled to participate in a General Meeting of Shareholders (the record date) is determined by the Board of Directors.
In accordance with the Company’s Charter, a General Meeting voting ballot shall be sent by post or delivered against receipt to each person registered in the Company’s register of shareholders and entitled to participate in the General Meeting no later than 20 days prior to the General Meeting.
Shareholders may take part in the General Meeting of Shareholders in person or by proxy.
The General Meeting of Shareholders shall make resolutions on paying (declaring) dividends, their amount, and form of payment for each share category (type), as well as the dividend record date.
Dividends shall not exceed the amount recommended by the Board of Directors. Resolutions on the dividend record date shall be made upon the proposal of the Company's Board of Directors.
A resolution to pay dividends shall state the amount of dividend per share and the total amount allocated for the dividend payment.
Dividends are paid to persons holding the relevant category (type) of shares or persons exercising rights with respect to such shares in accordance with the Russian federal laws as at the end of the business day set by the resolution of the General Meeting of Shareholders.
This date shall not be set earlier than 10 days and later than 20 days after the date of such resolution.
You may request dividend payment within three years from the date of the resolution on a dividend payout. Upon the expiry of such period, declared and unclaimed dividends are restored as part of the Company’s retained earnings and are no longer payable.
According to the Company’s Charter, dividends can be paid on a quarterly, semi-annual or annual basis.
The dividends are paid in cash.
Cash dividends are paid by an electronic transfer made by the Company or, upon its instruction, by the registrar in charge of the Company's register of shareholders or by a credit institution in accordance with the Federal Law On Joint-Stock Companies. Persons that are entitled to dividends and whose rights to shares are recorded by a nominee shareholder receive cash dividends via their depositary.
To get a certificate of personal income tax on earnings received in the form of dividends for the year they are paid in, send an application signed by a shareholder to Nizhnekamskneftekhim.
The application shall contain the following:
Due to confidentiality reasons, the certificate can only be received:
Note to shareholders using depositary services: the depositary that pays you income from securities of Russian issuers and has your rights over such shares recorded in accordance with clause 5 article 226.1 of the Russian Tax Code shall act as your tax agent for transactions with securities. Contact your depositary if you wish to get a 2-NDFL certificate.
You can get up-to-date information on the number of shares you own by requesting a statement from your personal or depositary account (from the registrar or depositary).
The Company’s shares are uncertificated. Share ownership is confirmed by:
Nizhnekamskneftekhim’s authorised capital amounts to RUB 1,830,239,750 divided into 1,830,239,750 shares, including 1,611,256,000 ordinary (voting) registered shares and 218,983,750 preference registered shares.
The nominal value of one Nizhnekamskneftekhim ordinary share is RUB 1.
Under Russian laws, when selling securities, including shares, their owner shall pay tax, which is levied on the difference between the income from the sale of securities and the documented expenses associated with their acquisition, sale and holding.
Documents confirming the aforementioned costs are issued by individuals and entities that kept and sold shares on behalf of the shareholder or acquired them from the shareholder (brokers, trustees, management companies, and other persons conducting securities transactions on behalf of shareholders).
The tax rate is:
13% for individuals – residents of the Russian Federation with annual income of up to RUB 5 m inclusive*
15% for individuals – residents of the Russian Federation with an annual income above RUB 5 m* and for individuals – non-residents of the Russian Federation
*When calculating tax on income exceeding RUB 5 m per annum, both tax rates apply. If the annual income is RUB 8 m, then RUB 5 m is taxed at the rate of 13%, and RUB 3 m – at the rate of 15%.
If a tax agent (broker or trustee) fails to withhold a personal income tax for whatever reason, an income statement accompanied by the aforementioned documents shall be filed with a tax authority following the end of the year when the shares were sold.
Nizhnekamskneftekhim ensures that a register of its shareholders is maintained and stored in accordance with the Federal Law On the Securities Market, the Federal Law On Joint-Stock Companies and other Russian laws and regulations.
Eurasian Registrar LLC maintains the register of Nizhnekamskneftekhim’s registered security holders.
The Company's register of shareholders includes information on each registered person, the number and categories (types) of shares owned by each registered person and other data as prescribed by Russian laws and regulations.
The registrar conducts operations stipulated by Russian laws, including the opening of personal accounts, providing information from the register of shareholders, and amending data on the registered person’s (shareholder’s) account regarding the shareholder’s name, surname and patronymic, details of the identification document, registered address, postal address, or bank details for sending dividends and other information.