The Company’s Board of Directors has adopted the Insider Information Regulations (Minutes No. 312 dated as of 01 July 2019) to enforce compliance with Federal Law dated 27 July 2010 No.224-FZ “‘On Countering the Misuse of Insider Information and Market Manipulation” (hereinafter referred to as FZ-224).
The Company’s insider information includes the information, subject to approval by the Bank of Russia enactment (Bank of Russia Instruction dated 11 September 2014 No.3379-U, as revised by Bank of Russia Instructions dated 30.10.2017 No.4593-U and dated 20.12.2017 No.4655-U) and information labeled by the Company as insider information. The General Director approves the list of the Company’s insider information.
The Company maintains the list of insiders, bounded by special procedures for transactions with the Company’s insider financial instruments.
Once an entity is enlisted as a Company’s insider, such entity is subject to limitations, stipulated by Art.6 of FZ-224 and Insider Information Regulations, with entity’s liabilities and duties defined by Art.7 and 10 of FZ-224, respectively.
1) Insiders must shun any transactions with insider financial instruments during vesting periods.
Clause 7 of the Insider Information Regulations states that a vesting period starts at least 15 calendar days prior to the signing of accounting (financial) statements, prepared under Russian Accounting Standards (RAS), and consolidated financial statements, prepared under International Financial Reporting Standards (IFRS), and expires on the day following the day when the statements were published.
2) FZ-224 states that, once requested by the Company, insiders must provide information on their transactions with securities related to insider financial instruments and concluded contracts, which are derivative financial instruments and which prices depend on such securities, within the terms indicated in such request, but no later than within 10 business days after receiving such request. If there were no such transactions during the requested period, they should provide a reply stating the absence of such transactions.
Should you have any questions on your insider status, statutory insider liabilities or whistle-blowing on misuse of insider information, please, contact us on the phone: 343.293.26.85 or via e-mail: Reshetnikov-AE@rosseti-ural.ru
Address for filings: 140 Ulitsa Mamina Sibiryaka, Yekaterinburg, Russia, 620026; e-mail: Reshetnikov-AE@rosseti-ural.ru
Entity mandated to maintain the list of insiders of OAO IDGC of Urals: Aleksandr Evgenyevich Reshetnikov, phone: 343.293.26.85