Information for shareholders and investors

Information for shareholders and investing public

JSC Russian Grids implements and maintains international compliance policy in the area insider trading and abuses market legislation. Our company realizes compliance procedures Federal law “On counteracting unauthorized use of inside information and market manipulation” of 27 July 2010 (Federal law №224), Directive 2003/6/EC of The European Parliament and of the Council of 28 January 2003 “On insider dealing and market manipulation (market abuse)”, Listing rules, Disclosure Rules and Transparency Rules (DTR).

Inside information shall mean the information which has not been made public (including confidential and commercially information, professional secrecy and another secrecy which is protected by law) relating directly or indirectly to one or more issuers of financial instruments or to one or more financial instruments and which, if it were made public would be likely to have a significant effect on the prices of those financial instruments.

Market manipulation shall mean transactions or orders to trade which give or are likely to give false or misleading signals as to the supply of demand for or price of financial instruments or which by a person or persons acting in collaboration the price of one or several financial instruments at an abnormal or artificial level or dissemination of information through the media, including Internet or by any other means, which gives or is likely to give false or misleading signals as to financial instruments, including dissemination of rumours and false or misleading news, where the persons who made the dissemination knew, or ought to have known that the information was false or misleading.

Insiders are persons, who have access to inside information such as employees, members of board, members of Committees, members of auditor committee, Management Company by the issuer, credit rating agency, auditing company (including auditors), Appraisal Company, insurance company (including underwriters), financial institutions, professional participants of the securities market, regulatory information service (including PR) and consulting companies.

JSC Russian Grids disclosures inside information in appliance with requires of Federal law №224 and DTR.

The Bank of Russia and UK FSA control insider dealing and market manipulation. Market abuse consists of insider dealing and market manipulation prosecuted by law jurisdiction where market abuse was occurred. Civil and criminal responsibility for market abuse is provided by Federal law №224 and Financial Services and Markets Act (UK).

Insiders are responsible for:

  • Insider dealings and market manipulation.
  • Illegal use of inside information including dissemination of  inside information, tips and recommendation to third parties and intermediaries for transactions with financial instruments of JSC Russian Grids and subsidiaries of JSC Russian Grids.
  • Failure to notify the Bank of Russia and JSC Russian Grids about transactions with financial instruments of JSC Russian Grids and subsidiaries of JSC Russian Grids.

The rules of Insider:

  • Follow the rules of safety and protection inside information.
  • Follow the rules of close period for transactions with financial instruments.
  • Inform the Compliance department about plans to make a deal and transactions with financial instruments have made.

Information for communication with Compliance department:

Belovezhskaya 4a, office A4-060, Moscow, Russian Federation
Phone: +7 (495) 995-53-33 add 32-06
Mail: tsindik-ya@rosseti.ru