VSMPO-Avisma Corporation announced pressure on minority shareholders

The VSMPO-Avisma corporation announced more frequent cases of pressure on the owners of the corporation’s shares. According to the company’s statement, the pressure is associated with the buyout of securities from minority owners. As it became known, unidentified persons use similar names of companies and send letters to the shareholders of the corporation, where they inform about the change in the form of ownership of the corporation and the imminent announcement of a forced redemption of shares. Letters also come via the “Russian Post”.

In this regard, VSMPO-Avisma stated that the company had not taken any decisions on the forced redemption of shares. “The Corporation has not changed and is not planning to change its organizational and legal form. The Corporation does not offer shareholders the transfer of their shares to third parties for safekeeping. Any statements, suggestions, statements or correspondence in this regard do not correspond to reality, ”the press service commented.

According to the corporation, such pressure is being exerted on both the employees and the “retirees of the company”. Those who received such letters should inform the hotline of the VSMPO-Avisma security service or contact the internal affairs bodies.

As a reminder, PJSC VSMPO-Avisma Corporation is one of the world’s largest titanium producers. 65% of the shares belong to the Deputy Chairman of the Board of Directors Mikhail Shelkov, 25% plus one share belongs to Rostec.

Maria Ignatova, Yekaterinburg

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