Shares and dividends
Enterprise securities
Shareregistrar: VTB Bank (Russia)
Registration number in the Central Bank of Russia: 5667-G
License for the operation of register maintenance No. 045-13970-000001 dated February 21, 2008.
Number of shares in free float: 28.000.000.
Share Types and Listing
The authorized capital of the Joint Stock Company is divided into common and preferred shares. The Bank's common shares are publicly traded, while the preferred shares of the first and second grain enterprises are distributed among strategic investors and shareholders.
Dividends
Shareholders of Novgorod Grain Enterprise 28 Joint-Stock Company are entitled to receive the company's profits in the form of dividends. The amount of dividends paid to shareholders is determined based on the bank's net profit and approved by a resolution of the General Meeting of Shareholders.
A portion of the Bank's profits distributed to shareholders.
General meeting of shareholders
General meeting of shareholders is the highest governance body of Grain Enterprise №28. General Shareholders Meetings can be annual and extraordinary. The Enterprise shall hold an annual General Shareholders Meeting every year not earlier than two months and not later than six months after the end of the financial year.
External auditor
To audit and confirm the accuracy of its financial statements, VTB Bank engages an independent professional audit firm—an external auditor. The independent auditor is approved by the General Meeting of Shareholders.
