Severstal-Auto OJSC (now SOLLERS Auto PJSC) was established in 2002 with the share capital of RUB 275,927,400 divided into 22,074,192 shares at par value of RUB 12,5 each. In 2004-2005 the number of shares was increased to 34,270,159 at par value of RUB 12,5 each. In the first quarter of 2005 Severstal-Auto's shares were listed at RTS and MOEX. Starting from April 22, 2005, the share is traded under the ticker SVAV.
On October 23, 2020 the Board of Directors approved the acquisition of the Company's shares under para. 2 article 72 of Federal Law №208-FZ at 26.12.1995 “On Joint-Stock Companies” in the amount of 1,713,507 shares on the price of RUB 267,0 per share. The buyback programme was completed on January 15, 2021 when the Group acquired 1,713,499 (4.99997%) of treasury shares total value of RUB 457,0. At the beginning of 2022, the Extraordinary Shareholders's meeting approved the redeem of Company's 1,713,499 ordinary shares and the respective share capital reduction.
Currently, the Company's authorized capital is 32,556,660 ordinary shares at par value of RUB 12,5 each. SOLLERS Auto PJSC has the right to allocate an additional 47,804,033 ordinary shares at a value of RUB 12,5 each. These ordinary shares would carry voting rights in the same proportion as other ordinary shares.
On December 9, 2021 the Board of Directors again approved the acquisition of the Company's shares under para. 2 article 72 of Federal Law №208-FZ at 26.12.1995 “On Joint-Stock Companies” in the amount of 1,713,507 shares. The price was RUB 240,5 per share. As a result of buyback programme the Group acquired 1,713,469 (5,263%) of treasury shares (after the redeeming of shares as a result of the previous acquisition procedure).