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ACQUISITION OF PLACED SHARES BY THE COMPANY
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| bet | 10/28 | | Sana | 04.04.2017 | | Hajmi | 119.51 Kb. | | #2912 |
10. ACQUISITION OF PLACED SHARES BY THE COMPANY
10.1. By decision of the shareholders' general meeting on decreasing the authorized capital of the Company by buying out part of the placed shares in order to reduce their total quantity, the Company shall have the right to acquire shares placed by it.
10.2. The shares acquired by the Company under the decision of the shareholders' general meeting on decreasing the authorized capital of the Company by buying out part of the placed shares in order to reduce their total quantity shall be redeemed upon acquisition.
10.3. The Company shall have the right to acquire shares placed by it by decision of the Board of Directors in accordance with para 2 of Article 72 of the Federal Law On Joint-Stock Companies.
10.4. The shares acquired by the Company in accordance with para 2 of Article 72 of the Federal Law On Joint-Stock Companies shall not carry the right to vote, shall not be included in the votes count, and no dividends shall be assessed on them. Such shares shall be sold at their market value not later than within one year of the date of their acquisition, otherwise the shareholders' general meeting shall take the decision on decreasing the authorized capital of the Capital by redeeming the said shares.
10.5. The Company shall pay for the placed shares acquired by it in cash, securities, other property, or property and/or other rights that have monetary value.
10.6. In taking decision on acquisition by the Company of shares placed by it, the Company shall comply with the restrictions instituted by federal laws.
11. DIVIDENDS
11.1. Dividend shall be part of the net profits of the Company that is distributed among shareholders in proportion to the shares of the respective categories and types that are held by them.
11.2. The Company shall have the right to take decision on (announce) the payment of dividends on placed shares. Decision on the payment of dividends, the amount of dividend and the form of its payment on the shares of each category (type) shall be taken in accordance with the requirements of the Federal Law On Joint-Stock Companies. The amount of the dividend may not be higher than that suggested by the Board of Directors of the Company.
11.3. The dividend shall be paid in cash unless otherwise stipulated by the decision of the shareholders' general meeting on the payment of dividends.
11.4. The deadline for the payment of dividends is May 31 of the year following the year in which the decision was taken on the payment of dividends, unless otherwise established by the decision on the payment of dividends.
11.5. In taking the decision on (announcing) the payment of dividends, the Company shall comply with the restrictions prescribed by federal laws.
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