Нow to receive dividends on Shares

Bank GPB (JSC) (hereinafter, the Bank) informs its depositors having received PJSC Gazprom shares following the conversion of depositary receipts on how to receive dividends on Shares for H1, 2022.

Under clause 5 of Article 6 of Federal Law No. 114-FZ dd. 16 April 2022 “On Amending the Federal Law “On Joint Stock Companies” and Certain Legislative Acts of the Russian Federation”, no dividends shall be paid on shares registered at the securities accounts of depositary programs. Outstanding dividends may be claimed by persons being the holders of securities of foreign issuers asserting rights in respect of the shares of Russian issuers and having received shares of Russian issuers, upon redemption of their securities issued by foreign issuers asserting rights in respect of shares of Russian issuers, in the manner prescribed by Federal Law No. 208‑FZ dd. 26 December 1995 “On Joint Stock Companies” for unclaimed dividends.

Under clause 9 of Article 42 of Federal Law No. 208-FZ dd. 26 December 1995 “On Joint Stock Companies”, a person having failed to receive any declared dividends shall be entitled to claim such dividends (unclaimed dividends) within three years from the date of the payout resolution, unless a greater period for such claims is provided for in the company’s articles of association.

Under clause 1 of Article 8.7 of Federal Law No. 39-FZ dd. 22 April 1996 “On Securities Market”, holders of shares whose title to securities is registered by the depository shall receive dividends on shares in monetary form through their depository.

With reference to the dividends on PJSC Gazprom shares received by the Bank’s depositors following the conversion of depositary receipts (hereinafter, the Shares), the Bank accepts claims for dividends in any form from depositors. Based on each claim, the Bank generates a Report on Inventory Transaction consummated following the conversion of depositary receipts and sends a package of documents to the issuer for review. Claims are sent by depositors by mail to Bank GPB (JSC)’s address: 16 Nametkina St., bldg. 1, 117420 Moscow.

A claim for dividends on the Shares for H1, 2022 may be sent to the Bank by the depositors having received Shares following the conversion of depositary receipts to the Bank’s securities accounts, provided that they have a current depositary agreement with the Bank.

The Bank initiates an application to PJSC Gazprom for remittance of any repaid (unclaimed) dividends under clause 17.3.8 of Bank GPB (JSC) Depositary Terms and Conditions (hereinafter, the Terms and Conditions [1]) at the latest within 2 months from the date of acceptance of a depositor’s claim.

Upon receipt of dividends from the issuer, the Bank remits payments to depositors in accordance with the Terms and Conditions, Executive Order of the President of the Russian Federation No. 95 dd. 05 March 2022 “On Temporary Procedure for Meeting Obligations to Certain Foreign Creditors” (hereinafter, Order No. 95) as well as the resolutions of the Board of Directors of the Bank of Russia.

Persons having received Shares following the conversion to the securities accounts opened with the Bank and having subsequently closed all securities accounts (having terminated the depositary agreements) may apply to the Bank for Report on Inventory Transaction consummated following the conversion of depositary receipts, to address the current depository with a claim for dividends. The Report on Inventory Transaction may be obtained personally at the Bank’s offices providing depositary services. See the list of offices at Gazprombank’s website in section Depositary Services / Depositary Network /Offices

[1] The current version of the Terms and Conditions is approved by Order No. 1117 dated 23 August 2022. The Terms and Conditions are available on the Bank’s website www.gazprombank.ru in section Disclosure of Information as Professional Securities Trader / Documents and Contracts / Depositary Activity (Current Documents) and Depositary Activity (Outdated Documents). https://www.gazprombank.ru/about/disclosure/. The Terms and Conditions may also be reviewed in any Bank’s office rendering depositary services at customers’ convenience.