Shareholders’ meeting was not held because a quorum could not be achieved in the Moscow Stock Exchange.

The meeting of shareholders of the Moscow Stock Exchange was declared invalid due to the lack of the required number of participants for the holding. About reported on the trading site.

“The annual general meeting of shareholders of the Moscow Stock Exchange, which was supposed to be held on April 28, 2022 in the form of absentee voting, was declared invalid,” said the Moscow Stock Exchange.

The largest shareholder of the Moscow Stock Exchange is the Central Bank of Russia, whose share in the registered capital is 11.7%. Sberbank is in second place with a 10% share. It is followed by the state development institution VEB.RF with a share of 8.4%, the European Bank for Reconstruction and Development (EBRD) with a share of 6% and the Capital Research and Management Company with a 5.7% share.

At the end of March, the Russian Union of Industrialists and Entrepreneurs (RSPP) he asked limiting the rights of foreign shareholders to protect national interests. We are talking about the limitation of the right to vote at the general meeting, the ability to demand the buyback of securities, and a number of other corporate rights.



Source: Gazeta

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