www-interfax-ru.translate.goog/russia/825244
Also, Russian public joint-stock companies (PJSCs) will be able to buyback shares (buyback) no earlier than May 2022 and only if the share price for the quarter falls by 20 percent or more compared to the weighted average price of such shares for three months of 2021.
Until December 31, 2022, Russian PJSCs are entitled to acquire their placed shares (except for the acquisition of placed shares in order to reduce their total number) if the following conditions are met in aggregate.
"The weighted average price of the acquired shares, determined for any three months starting from February 1, 2022, decreased by 20 percent or more compared to the weighted average price of such shares, determined for three months starting from January 1, 2021," - one of buyback conditions.
Another mandatory condition: the value of the main stock market index, calculated by the trade organizer for any three months starting from February 1, 2022, decreased by 20 percent or more compared to the value of such an index for three months starting from January 1, 2021, the document says. .
In addition, the acquired shares must be admitted to organized trading, the shares themselves must be acquired at organized trading on the basis of bids addressed to an unlimited number of bidders. It is also indicated that the acquisition of shares should be carried out by a broker on behalf of PJSC.
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