Procedure for Dividend Payment to GDR Holders
In accordance with the Decision of the Board of Directors of the Central Bank of the Russian Federation dated June 10, 2022 https://cbr.ru/about_br/dir/rsd_2022-06-10-28_02/ regarding payment of dividends to holders of Global Depositary Receipts (GDRs):
- Dividends will be paid to GDR holders in rubles
- A ruble account opened with a Russian bank is required for payment
- Dividends to foreign holders of securities will be paid in accordance with the procedure set by President's Executive Order No. 95 On Temporary Procedure for Meeting Obligations to Certain Foreign Creditors dated March 5, 2022.
Payment to GDR holders whose rights to GDRs are registered with foreign depositories
Shareholders need to prepare a set of documents and submit them directly to AO Raiffeisenbank, the GDR program depository. Please see the dates for documents submission and the list of documents to be provided by shareholders in the announcement made by Raiffeisenbank. Documents may be submitted in person, by mail, or electronically in the form of an original or certified copy (the form of certification may depend on the type of document or the rules of the country of issuance). Investors may apply in person or via a proxy, provided that a notarized power of attorney is presented. Based on the documents submitted, AO Raiffeisenbank will transfer dividends to GDR holders. If there are reasonable doubts as to the completeness and/or reliability or insufficiency of the information contained in the dividend payment application and the documents attached thereto, AO Raiffeisenbank may refuse to pay dividends to that person.
List of information and documents to be submitted by a GDR holder to receive dividends
AO Raiffeisenbank: email@example.com
Payout to GDR holders whose rights to GDRs are registered on a depo account with a Russian professional market participant (such as the NSD or any other Russian professional market participant with direct access to the foreign market).
In this case, no further action is required from the shareholder.AO Raiffeisenbank, the depository, will transfer the funds to Russian professional market participants by July 20, 2022 and the funds will then be transferred down the chain of nominee holders.