Changes to SIBUR Holding's Shareholding Structure
Source: www.gulfoilandgas.com 3/23/2021, Location: Asia
PJSC SIBUR Holding has been notified that on 16 March 2021 SOGAZ JSC acquired the right for a 100% stake in Trust 3 OOO, which holds a 6.25% stake in the Company. Hence, Leonid Mikhelson’s effective holding in SIBUR went down to 42.23%. The transaction does not give rise to any breaches of covenants or other restrictions by PJSC SIBUR Holding or among the Company’s shareholders. Leonid Mikhelson is still the Company’s major shareholder and Chairman of its Board of Directors.
As a result of the above transaction, the current beneficial ownership structure of PJSC SIBUR Holding is as follows:
Leonid Mikhelson – 42.23%
Gennady Timchenko – 17.0%
Current and former managers of PJSC SIBUR Holding – 14.5%
Sinopec – 10%
The Silk Road Fund – 10%
SOGAZ JSC – 6.25%
