Bashneft refused dividends to shareholders and went into virtual reality
“To recommend that the annual (based on the results of 2021) General Meeting of Shareholders of the Company make the following decision: not to distribute the Company’s net profit based on the results of operations in 2021 due to its absence,” reads a message from Bashneft published the night before on the corporate information disclosure server . At the same time, holders of the company's preferred shares will receive part of the retained earnings of previous years. But this amount is tiny for Bashneft and amounts to about 3 million rubles. The company also decided not to hold the annual general meeting of shareholders in person. Until June 30, shareholders are invited to fill out newsletters on the company's activities and send them by mail.
Pravda PFO previously wrote about the results of Bashneft’s activities in 2021 and predicted that the budget of Bashkortostan would not receive any dividends from the company. The company reported a loss of 11 billion rubles (possibly for the first time in history), while parent Rosneft ended the year with a profit of 147 billion. However, some high-ranking republican officials behind the scenes expressed hope that Bashneft would share part of the retained earnings from previous years. Moreover, the share of net profit allocated by the company to pay dividends in previous years was very low: 39% last year and 27% in 2019 (for comparison, LUKOIL pays shareholders 100% of free cash flow, Tatneft and Rosneft paid 50% of net profit).
And yet, this did not happen - do not consider the payment of 3 million rubles, microscopic by company standards, to holders of preferred shares as a real distribution of profits from previous years. As if mockingly, Bashneft announced its decision to leave the budget of Bashkortostan without dividends on the opening day of the main industry exhibition “Gas. Oil. Technologies", which takes place in Ufa on May 25-27. At the opening, the company demonstrated to the head of the republic, Radiy Khabirov, a “training complex with elements of virtual reality” - thus finalizing the virtual nature of dividend payments to the budget. Yes, I “delighted” the people of Ufa with another fire on.
Bashneft’s colleagues in the industry, meanwhile, unanimously ended the year with a profit and unanimously decided to pay dividends to shareholders. Thus, the board of directors of Rosneft recommended paying shareholders 6.94 rubles per ordinary share based on the results of 2021. The total amount of Rosneft dividends at the end of 2021 amounted to 73.55 billion rubles - half of the net profit pleased shareholders with a payment of 213 rubles per share (current dividend yield - 3.6%), Gazprom Neft allocated 60% of net profit for dividends. Tatneft shareholders were a little upset - the company reduced dividends three times, but nevertheless, 50% of the company's net profit was distributed to participants. Against this background, Bashneft’s performance looks especially deplorable.
Pravda PFO is following developments.
Photo glavarb.ru, eanews.info
How to obtain the register of shareholders of Bashneft
Article 8. Activities for maintaining the register of owners of securities
1. Activities for maintaining the register of owners of securities are the collection, recording, processing, storage of data constituting the register of owners of securities, and the provision of information from the register of owners of securities.Only legal entities have the right to maintain the register of securities owners.
The person carrying out the activities of maintaining the register is called the register holder. The holder of the register, on behalf of the issuer or the person obligated for securities, may be a professional participant in the securities market who has a license to carry out activities related to maintaining the register (hereinafter referred to as the registrar), or in cases provided for by federal laws, another professional participant in the securities market.
The registrar does not have the right to carry out transactions with the securities of the issuer, the register of owners of which it maintains.
The register of securities owners (hereinafter also referred to as the register) is a system of records formed at a certain point in time about persons for whom personal accounts have been opened (hereinafter referred to as registered persons), records about securities accounted for in these accounts, records about the encumbrance of securities and other records in accordance with the legislation of the Russian Federation.
The register holder carries out its activities in accordance with federal laws, regulations of the Bank of Russia, as well as the rules for maintaining the register, which the register holder must approve. The requirements for these rules are established by the Bank of Russia.
There is no register for bearer securities.
Paragraph eight is no longer in force on July 1, 2012.
Registered persons are required to comply with the requirements for providing information and documents to the registry holder as provided for in the rules of maintaining the register.
Paragraph ten is no longer valid.
The agreement for maintaining the register is concluded with only one legal entity.
The register holder may maintain registers of owners of securities of an unlimited number of issuers or persons liable for securities.
The holder of the register of owners of securities intended for qualified investors has the right to credit the specified securities to the owner’s personal account only if he is a qualified investor by virtue of federal law or is not a qualified investor by virtue of federal law, but acquired the specified securities as a result of universal succession , conversion, including during reorganization, distribution of property of a liquidated legal entity and in other cases established by the Bank of Russia.
2. Invalid as of July 1, 2012.
3. The responsibilities of the register holder include:
1) open and maintain personal and other accounts in accordance with the requirements of this Federal Law and regulations of the Bank of Russia;
2) provide a registered person whose personal account accounts for more than one percent of the issuer’s voting shares with information from the register about the name of the registered persons and the number of shares of each category (each type) recorded in their personal accounts;
3) inform registered persons, upon their request, about the rights secured by securities, the methods and procedure for exercising these rights;
4) provide the registered person, upon his request, with an extract from the register of his personal account;
5) immediately publish information about the loss of records certifying rights to securities in the media in which information about bankruptcy is subject to publication, and apply to the court with an application to restore records of rights to securities in the manner established by the procedural legislation of the Russian Federation Federations;
6) fulfill other duties provided for by this Federal Law, other federal laws and regulations of the Bank of Russia adopted in accordance with them.
3.1. The register holder carries out operations related to the placement, issue or conversion of securities based on the order of the issuer of securities (the person obligated for the securities), unless otherwise provided by federal laws and regulations of the Bank of Russia.
3.2. Requirements for the content of orders of registered persons, the issuer (person obligated for securities) to conduct transactions on a personal account are established by the Bank of Russia. The holder of the register does not have the right to present additional requirements when conducting transactions on a personal account, in addition to the requirements established by this Federal Law and regulations of the Bank of Russia.
3.3. The registry holder executes the order of the registered person to carry out a transaction on a personal account or refuses to carry out such an operation within three working days from the date of receipt of the said order, unless a different period is provided for by federal laws and regulations of the Bank of Russia.
3.4. Refusal or evasion of conducting a transaction on a personal account is not permitted, except in cases provided for by federal laws and regulations of the Bank of Russia.
3.5. The holder of the register, at the request of a registered person, is obliged to provide an extract from the register on his personal account within three working days from the date of receipt of such a request. An extract from the register must contain the information established by regulations of the Bank of Russia as of the date specified in this extract.
3.6. The remuneration of the register holder for compiling a list of persons exercising rights under securities should not exceed the costs of compiling it. The amount of remuneration of the register holder for compiling a list of securities holders is determined by the agreement of the register holder with the issuer (the person obligated for the securities).
3.7. The registry holder has the right to charge registered persons a fee for conducting transactions on personal accounts and for providing information from the registry. The register holder does not have the right to charge a fee in the form of a percentage of the value of the securities in respect of which a transaction is carried out on a personal account. The maximum fee charged by the register holder from registered persons for conducting transactions on personal accounts and for providing information from the register, and (or) the procedure for determining it are established by the Bank of Russia.
When placing securities, an extract from the register is provided to the owner of the securities free of charge.
3.8. The issuer has the right to perform part of the functions of the registrar provided for in paragraph 4 of Article 8.1 of this Federal Law for securities placed by the issuer, if this is provided for in the agreement to maintain the register. In this case, the issuer is obliged to comply with the requirements of paragraph 5 of Article 8.1 of this Federal Law. In this case, the period for carrying out (refusal to carry out) a transaction on a personal account begins from the date the issuer receives documents for carrying out a transaction on a personal account, except for cases established by regulations of the Bank of Russia.
3.9. The holder of the register is responsible for the completeness and accuracy of the information provided from the register, including that contained in the extract from the register on the personal account of the registered person. The registry holder is not liable if information from the registry is provided by the previous registry holder during the period of maintenance of the registry, if such information corresponds to the data received from the previous registry holder when transferring the said register.
3.10. The register holder shall compensate the owners of securities and other persons who, in accordance with federal laws, exercise rights under securities, for losses caused by unlawful actions (inaction) of the register holder.
The issuer (the person obligated for securities) and the register holder are jointly and severally liable for losses caused as a result of violation of the procedure for recording rights, the procedure for performing transactions on accounts (the procedure for maintaining the register), loss of accounting data, provision of incomplete or unreliable information from the register, if will not prove that the violation occurred due to force majeure. The issuer and the registrar are jointly and severally liable for losses caused to investors and (or) shareholders as a result of violation of the requirements of the legislation of the Russian Federation when registering the issue of shares by the specified registrar.
A debtor who has fulfilled a joint and several obligation has the right to reclaim (recourse) against another debtor in the amount of half the amount of the compensated losses, unless otherwise provided by this paragraph. The conditions for the exercise of this right (including the amount of the reverse claim (recourse)) may be determined by an agreement between the issuer of securities or the person obligated under the securities and the holder of the register. The terms of the agreement establishing the procedure for distributing responsibility or releasing one of the parties to such an agreement from liability in the event of damages caused by the fault of at least one of the parties, are void. If there is fault of only one of the joint and several debtors, the guilty debtor does not have the right of recourse (recourse) to the innocent debtor, and the innocent debtor has the right of recourse (recourse) to the guilty debtor in in the amount of the entire amount of compensated losses.If both joint and several debtors are at fault, the amount of the inverse claim (recourse) is determined depending on the degree of guilt of each joint debtor, and if it is impossible to determine the degree of guilt of each of them, the amount of the inverse claim (recourse) is half the amount of the compensated losses.
3.11. In the event of termination of the agreement for maintaining the register, the register holder transfers to the register holder specified by the issuer (the person obligated under the securities) the register drawn up on the date of termination of the agreement, and documents related to maintaining the register, as well as documents related to the registration of the issue of shares by such register holder . The list of these documents, as well as the procedure and timing for the transfer of the register and these documents are established by regulations of the Bank of Russia. All extracts issued by the person maintaining the register after transfer of the register to another register holder are invalid.
3.12. After the termination of the agreement for maintaining the register, transactions on personal accounts for debiting and crediting securities, establishing encumbrances and restrictions on the disposal of securities are prohibited until the maintenance of the register is resumed on the basis of the agreement.
3.13. The person who maintained the register provides information and documents available to him related to his maintenance of this register to the issuer (the person liable for securities) at his request, the Bank of Russia, courts and arbitration courts (judges), with the consent of the manager investigative body - preliminary investigation bodies on cases in their proceedings, as well as internal affairs bodies when they carry out functions to identify, prevent and suppress crimes in the economic sphere, with the consent of the head of these bodies.
3.14. Upon termination of the contract for maintaining the register, the register holder, no later than the next business day, is obliged to disclose information about this in the manner prescribed by the regulations of the Bank of Russia.
3.15. If the register holder is replaced, the issuer (the person obligated for the securities) discloses (provides) information about this in the manner established by the Bank of Russia.
4. Maintaining a register of owners of securities that are not equity securities, including investment shares of mutual funds, mortgage participation certificates, is carried out in accordance with the requirements of this Federal Law and taking into account the specifics established by other federal laws and others adopted in accordance with them by regulatory legal acts of the Russian Federation.
Bashneft discovered five fields in 2021
Bashneft discovered five fields and 50 productive deposits in developing fields in 2021 with recoverable oil reserves of category B1C1 - 4.1 million tons and category B2C2 - 6.4 million tons, according to a statement from Rosneft, the company's main shareholder.
The subsidiary, within the Severo-Ityakhsky-3 license area in the Surgut region of the Khanty-Mansi Autonomous Okrug, discovered the Severo-Ityakhsky oil field with C1+C2 oil reserves of 4.3 million tons.
Bashneft-Dobycha continued geological exploration in Bashkiria in 2021, which allowed the company’s specialists, despite the high degree of exploration of the main production region, to discover four fields - Kiparisovoye, Telekeevskoye, Abdukaevskoye and Anastasinskoye. The total increase in oil reserves of C1+C2 categories in these fields amounted to more than 2.6 million tons.
Two deposits were discovered in the Ilishevsky district in the north-west of Bashkiria. The Cypress deposit is located within the Yarkeyevsky license area on the border with Tatarstan. Recoverable oil reserves of the Kiparisovskoye field in categories C1+C2 are estimated at 1.568 million tons. The Telekeevskoye field with recoverable oil reserves of C1+C2 categories of 89 thousand tons was discovered within the license area of the same name.
During the geological study of the Akhtinsky license area in the Kushnarenkovsky district of Bashkiria, the Abdukaevskoye oil field was discovered with recoverable oil reserves of C1+C2 categories of 754 thousand tons. When studying the West-Kungaksky license area in the Askinsky district of Bashkiria on the border with the Perm Territory, the Anastasinskoye oil field was discovered, its recoverable oil reserves in categories C1+C2 are estimated at 229 thousand tons.
“New discoveries have become possible thanks to the increased efficiency of geological exploration work,” Fr.
At the end of 2021, the success rate of exploratory drilling was 84%, exceeding the 2021 figure by a third.
The results of the operational calculation of hydrocarbon reserves for new fields are presented in the Federal Budgetary Institution “State Commission for Mineral Reserves”.
As of December 31, 2021, recoverable reserves of oil and condensate on the balance sheet of JSOC Bashneft (including subsidiaries) amounted to 537.2 million tons in the AB1C1 category and 146 million tons in the B2C2 category. rns.online/energy/Bashneft-v-2017-godu-otkrila-pyat-mestorozhdenii-v-Bashkirii-i-HMaO-2018-03-30/
