Shareholder Information

Basic Share Information

As at 17 April  2018, the Company's total issued share capital consists of 81,017,800 ordinary shares of 1p each, each share having equal voting rights.  The Company does not hold any shares in Treasury therefore the total number of shares with voting rights is the same.

Substantial Shareholders

As at 17 April  2018, the Company had been notified of the following shareholdings amounting to 3% or more of the ordinary share capital of the Company, in accordance with the Disclosure and Transparency Rules.

  Number of shares Percentage
Baring Vostok Nominees Ltd1 39,620,000 48.90
Nicholas Mathys 11,360,000 14.02
Dehus Dolmen Nominees Ltd2 7,906,889  9.76
Baring Vostok Investments PCC Limited3 4,800,460  5.93
Blackrock Investment Management (UK) Limited 3,094,791  3.81
JP Morgan Asset Management (UK) Limited 2,761,720  3.41
  1. Baring Vostok Nominees Ltd is a nominee vehicle which holds the interests of the limited partnerships which comprise Baring Vostok Private Equity Fund III.
  2. Dehus Dolmen Nominees Ltd is a nominee vehicle which holds the interests of the limited partnerships which comprise Baring Vostok Private Equity Fund IV.
  3. Baring Vostok Investments PCC Limited is  a closed-end investment company registered in Guernsey and advised by Baring Vostok Capital Partners Group Limited, which also advises the Baring Vostok Private Equity Funds.

Shares in public hands

In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 81.08%. This percentage comprises the holdings of the Baring Vostok Private Equity Funds III and IV, of Baring Vostok Investments PCC Limited, of Mr. Nicholas Mathys and of directors.

Current Directors shareholdings

  Number of shares Percentage
Mikhail Ivanov 1,000,000 1.25
Andrey Zozulya 271,000 0.33
Ronald Freeman 55,000 0.06
Stephen Ogden 205,000 0.25
Vladimir Koshcheev 419,210 0.58
Michael Calvey1 - -
Aleksey Kalinin1 - -
  1. Mr Calvey and Mr Kalinin are Co-Managing Partners of Baring Vostok Capital Partners Group Limited, a related party to Baring Vostok Nominees Limited, Baring Vostok Investments PCC Limited and Dehus Dolmen Nominees Limited.  As such Mr Calvey and Mr Kalinin have an indirect beneficial interest in the Company.

Information for Shareholders

Enquiries concerning your shareholding should be directed to Link Asset Services:

Link Asset Services
The Registry, 34 Beckenham Road
Beckenham
Kent, BR3 4TU 

Telephone UK: 0871 664 0300 (calls cost 10p per minute including VAT plus network extras, lines are open 8.30am - 5.30pm Mon-Fri)

Telephone Overseas: +44 (0)208 639 3399

Email: Shareholder.Services@capitaregistrars.com

Dividends

Volga Gas plc paid total dividends of US$0.062 per Ordinary share  on 26 May 2017.  The Board has deferred a decision on dividend payments in 2018 until the interim results.  The Board of Volga Gas plc remains committed to a policy of enhanced dividend distribution and is planning to modify its dividend policy towards higher rates of distribution, having in mind the requirements of the business and the need to maintain its financial strength. Within these constraints, the Board would consider distributing up to 75% of its free cash flow as dividends.

General Meetings

The 2017 Annual General Meeting was held at the office of Baring Vostok at 25 Old Burlington Street, London W1S 3AN on 19 May 2017 at 10.00 am.  Copies of the Notices of Annual General Meetings and the voting records of past meetings can be downloaded from here.

Share Dealing

A quick and easy share dealing service to either sell or buy more shares is provided by Link Asset Services. An on-line and telephone facility is available providing our shareholders with an easy to access and simple to use service.

There is no need to pre-register and there are no complicated forms to fill in. The online and telephone dealing service allows you to trade "real time" at a known price which will be given to you at the time you give your instruction.

To deal online or by telephone all you need is your surname, Investor Code, full postcode and your date of birth. Your Investor Code can be found on a recent share certificate, statement or tax voucher produced byLink Market Services Limited*. Please have the appropriate documents to hand when you log on or call, as this information will be needed before you can buy or sell shares. You will also need your National Client Identifier (NCI). For more information on your NCI please go to www.signalshares.com/help-centre/ and select Help followed by MiFID and Expand all. 

The Service is not available for transactions exceeding £25,000 inclusive of fees and commissions. Other orders in securities with less liquidity may not be available through this service. If for any reason your order cannot be executed online please contact the telephone dealing team who will be able to assist with the trade.

For further information on this service, or to buy and sell shares, please contact:

Online dealing: www.linksharedeal.com

Telephone dealing: 0371 664 0446 (calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate).  

Full terms & conditions apply and are available on request or by visiting www.linksharedeal.com  

* Should you not be able to locate your IVC number, please contact Link Market Services Limited. Contact details are noted above.

This is not a recommendation to buy, sell or hold shares in Volga Gas plc. Please note that share values may go down as well as up, which may result in you receiving less than you originally invested. If you are unsure of what action to take, please contact a suitably qualified professional advisor. In so far as this statement constitutes a financial promotion for the share dealing service, it has been approved by Link Market Services Trustees Ltd for the purpose of Section 21 (2)(b) of the Financial Services and Markets Act 2000 only. Where this has been received in a country where the provision of such a service would be contrary to local laws or regulations, this should be treated as information only.

Link Share Dealing Services is a trading name of Link Market Services Trustees Limited, which is authorised and regulated by the Financial Services Authority. More information is available at www.linksharedeal.com.

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Share Price 55.00p Change 0.00 at 08:00 on 12/12/18