In the reporting year, an extraordinary General Shareholders Meeting passed a resolution to change the bank’s full name to Vozrozhdenie Bank and change the form of incorporation to public joint stock company. The change was due to the need to bring the bank’s name in compliance with the new statutory requirements regarding the classification of companies into public and non-public ones that had been enacted in the Russian Federation.
The authorised capital of the bank is 250,431,990 RUB, or 23,748,694 ordinary shares, with a face value of 10 RUB each, and 1,294,505 preference shares, with a face value of 10 RUB each. Under its Articles of Association, the bank may place 8,000,000 ordinary non-documentary registered shares. No additional shares were placed in 2014.
As at December 31, 2014, 8,793 shareholders were listed in the register, including 947 legal entities and 7,846 individuals. Freefloat shares account for about 40% of the bank’s shares.
|Securities type, kind (category)||State registration number||Face value, RUB||Quantity, pcs|
|Ordinary non-documentary registered shares||10101439В||10.00||23,748,694|
|Preference non-documentary registered shares with a fixed rate of dividend||20201439В||10.00||1,294,505|
Since 1998, Vozrozhdenie Bank’s shares have been traded at the Moscow Interbank Currency Exchange (MICEX) under the ticker symbols VZRZ and VZRZP. In June 2014, the bank’s ordinary shares were admitted for listing on the MICEX in the Level 1 (Highest) Quotation List. They are part of the MICEX’s Broad Market Index, Financials Index and Second-Tier Index.
In 1996, Vozrozhdenie Bank became the first Russian financial institution to launch an American Depositary Receipt (ADR) programme. The U.S. Securities and Exchange Commission registered it as a Level 1 ADR Programme, with one ADR being equivalent to one ordinary share of the bank. As of May 12, 2014, the number of ADRs issued on Vozrozhdenie Bank’s shares was 372,653, or 1.57% of the total number of bank’s ordinary shares. Currently, the ADRs are traded on the OTC market.
Expert RA rating agency, ranked Vozrozhdenie Bank among the top 100 largest companies in Russia by market value as of September 1, 2014. For the purpose of this rating, the company’s capitalisation is calculated by multiplying the price of an ordinary share by the number of shares outstanding. As of September 1, 2014, Vozrozhdenie Bank’s capitalisation stood at $250.5 million, putting the bank in the 93d position in the rating of the top 200 largest Russian companies by market value, six positions higher than the year before.
MAJOR SHAREHOLDERS(Holders of five and more per cent of Vozrozhdenie Bank’s authorised capital as at December 31, 2014)
|Shareholder||Portion of voting shares,
|JPM International Consumer Holding Inc.||9.88||9.37|
|* The shareholder passed away on December 5, 2014. As at January 1, 2015, inheritance procedures were ongoing.|
AUTHORISED CAPITAL STRUCTURE
*The shareholder passed away on December 5, 2014. As at January 1, 2015, inheritance procedures were ongoing.
**Lyudmila Goncharova, Mark Nakhmanovich, Alexander Dolgopolov, Nikolay Zatsepin, Mikhail Semko, Andrey Shalimov, Tamarisk.
CAPITALISATION AND OTHER MARKET INDICATORS
|January 1, 2015||January 1, 2014||January 1, 2013|
|Market price of ordinary shares, RUB||452.0||438.9||539.4|
|Market price of preference shares, RUB||69.0||119.22||139.01|
|MICEX Broad Market Index||986.92||1,063.42||1,045.87|
|Total market capitalisation, RUB million||10,823.7||10,577.63||12,988.14|
|Equity (capital), RUB million||26,500.11*||23,585.14**||23,191.77**|
|Equity per ordinary share, RUB||1,115.9||993.1||976.5|
|Based on MICEX data; share prices are given for the last trading day of the previous year.
* Form-0409123 Equity (Capital) Calculation, Basel III
**Form-0409808 Report on Capital Adequacy, Bad Debt Provision and Other Assets (disclosure form).