There is a new procedure for calculating the number of voting shares

As of July 20 this year, the Procedure for calculating the number of voting shares belonging to an individual or legal entity in accordance with the financial instruments provided for in Part 10 of Art. 64-1 of the Law "On Joint Stock Companies" operates.

This procedure establishes a procedure for calculating the number of voting shares that are directly or indirectly held by an individual or legal entity in accordance with financial instruments:

- that on the date of their performance, they give their owner the right to purchase voting shares of the company through their delivery;

- not mentioned above, which have similar economic nature with them, but do not provide for the delivery of shares of the company.

The requirements of this Procedure shall apply exclusively to voting shares of public joint stock companies.

According to the document, the calculation of the number of shares of the company is carried out by the person independently from the date of acquisition of ownership of financial instruments.

The number of voting shares of a company is calculated by multiplying the number of all financial instruments by the number of voting shares of each individual company.

In addition, during the calculation of the total voting stock of the company to the number of shares owned by the person in ownership, such amount is formed by addition.

According to the results of the calculation of the final block of shares of a company, a person who acquires or disposes of a block of voting shares of a company above the threshold values ​​shall make a notification of this fact in accordance with the Law on Joint Stock Companies.

Also the entity that controls the calculation of the number of shares and reporting to the person is identified: these powers are vested in the National Securities and Stock Market Commission itself.

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