Material Transactions made by Rosseti Kuban, PJSC in 2022
| | Categories of material transactions | Material conditions of the transaction (parties, subject, price, validity period) in the reporting year | |
|---|---|---|---|
| 1 | Transactions recognised as major transactions under Chapter X of the Federal Law on Joint Stock Companies | Rosseti Kuban, PJSC did not carry out such transactions in the reporting year | |
| 2 | Interested-party transactions (Chapter XI of the Federal Law on Joint Stock Companies) | In the reporting year, the Company concluded three interested-party transactions. For a report on the interested-party transactions concluded by the Company in 2022, please see Appendix No. 2 to this report. S&As of the Company | |
| 3 | Transactions for the sale of shares (interests) in Rosseti Kuban-controlled subsidiaries and affiliates that have of a significant importance to the Company and result in the loss of control over those legal entities | Rosseti Kuban has no subsidiaries and affiliates that are of significant importance to it | |
| 4 | Transactions with property of Rosseti Kuban, PJSC (including several interrelated transactions) made by the Company, the value of which exceeds the amount specified in the Company’s Articles of Association or which is material to its business operations | transactions (including several interrelated transactions) involving non-current assets of the Company amounting to more than 10% of the book value of such assets according to the financial statements as at the last reporting date | No such transactions were made |
| transactions (including several interrelated transactions) related to the acquisition, alienation or possibility of alienation of property comprising fixed assets, intangible assets, construction in progress, the purpose of which is to carry out core activities in cases (amounts) determined by individual decisions of the Board of Directors of Rosseti Kuban, or, if the specified cases (amounts) are not determined by the Board of Directors of the Company | |||
| transactions (including several interrelated transactions) involving the disposal in any manner (or the transfer of rights in any order) of immovable property and/or equipment used directly for the core activities of the Company, with a book value exceeding 5% of the book value of the Company's assets, or the encumbrance of said property in any manner | |||
| transactions (including several interrelated transactions) related to the acquisition, alienation or possibility of alienation of property comprising fixed assets, intangible assets, construction in progress, the purpose of which is generation, transmission, dispatching, distribution of electricity and heat in cases (amounts) determined by individual decisions of the Board of Directors of the Company, or, if the specified cases (amounts) are not determined by the Board of Directors of the Company | |||
| transactions (including several interrelated transactions) related to the acquisition, alienation or possibility of alienation of property comprising fixed assets, intangible assets, construction in progress, the purpose of which is not associated with generation, transmission, dispatching, distribution of electricity and heat in cases (amounts) determined by individual decisions of the Board of Directors of the Company, or, if the specified cases (amounts) are not determined by the Board of Directors of the Company | Non-residential premises exchange transaction preliminarily approved by the Company’s Board of Directors on 9 November 2022 (Minutes No. 497/2022): Parties to the transaction: Rosseti Kuban, PJSC (Party 1), Kubanenergoservice, LLC (Party 2) Subject of the transaction: The parties are exchanging the non-residential premises owned by them. Price of Objects: The price of the objects alienated by the Company is equal to the market value determined by the appraiser – Institute for Enterprise Issues, LLC and amounts to RUB 8,328 thousand, including VAT. The price of the object acquired by the Company is equal to the market value determined by the appraiser – Institute for Enterprise Issues, LLC and amounts to RUB 8,040 thousand, including VAT. Procedure for settlements in respect of property: Party 2 shall be obliged to transfer the difference in property value in the amount of RUB 288 thousand to the current account of Party 1 within five (5) working days after the conclusion of the non-residential premises exchange agreement. The procedure for the transfer of property: The property shall be handed over by the Parties according to the Acceptance and Delivery Certificates signed by authorised representatives of the Parties within five (5) working days after the conclusion of the non-residential premises exchange agreement. Ownership of the property is transferred in accordance with the procedure established by the legislation of the Russian Federation. Contract validity: contractual relationship ends when the parties have fulfilled all their obligations under the agreement | ||
| transactions for more than five (5) years on the transfer for temporary possession and use or temporary use of real estate, power grid facilities or the receipt for temporary possession and use or temporary use of real estate, in cases (amounts) determined by individual decisions of the Board of Directors of the Company, or if such cases (amounts) are not determined by the Board of Directors of the Company | No such transactions were made | ||
| 5 | Establishment of a legal entity controlled by Rosseti Kuban, PJSC that is material to its operations | ||