Large industrial companies have been restructuring their subsidiaries quite often lately. In this regard, shareholders have to exchange some shares for others at par or a value proportional to the value of the shares of the new association. How to exchange shares of subsidiaries for shares of their founders?
Instructions
Step 1
Read the informational message of the parent company that was delivered to you by certified mail with notification. Check out the information sheet attached to the message, filling out which you can exchange shares without contacting the company's office.
Step 2
Within the period specified in the message (usually no more than 10 days after receiving the application for the exchange of shares), the JSC will review your information sheet and send you an exchange agreement (in 2 copies), also by letter with notification.
Step 3
Read the agreement carefully. Find out how many shares of the restructured company are owed to you under this agreement. In the event that you do not agree with the calculation, send a letter of claim to the office of the head office and wait for your appeal to be considered. In the letter, you can indicate your phone number or e-mail address in order to expedite the receipt of clarification on the issue of interest to you.
Step 4
If you agree to all the terms in the agreement, please sign both copies and send them to the company address. You can send an email as follows:
- by registered mail with notification;
- by courier service;
- through an authorized person (the list of authorized persons in your region is usually indicated in the information message from the company).
Step 5
After that, you need to wait until the company sends your copy of the agreement to your address (or to the address of an authorized person). And only after that you will be able to transfer the shares of the branch to the account of the parent company through the depository representing its interests in your region.
Step 6
After the shares are credited to the custody account, the depositary will give the company an instruction to transfer new shares to your account in the amount determined by the agreement signed by you and the company.
