IDGC
of Centre summed up the work on interaction with shareholders and
investors in 2017. Over the past year, significant results were
achieved in improving the disclosure process and maintaining a
continuous dialogue with representatives of the investment community.
All efforts were aimed at improving the investment case of the
company and increasing its credibility on the part of all
stakeholders.
The main emphasis in the interaction with shareholders and
investors was made on holding regular events dedicated to the
publication of financial statements, as well as the modernization of
the company’s website as the main source of disclosure of essential
information. In March 2017, the annual Analysts’ Day was held at
the company’s office. The participants of the meeting were given
the opportunity to ask questions of interest personally to
representatives of IDGC of Centre’s management. Also, based on the
results of activities for 6 and 9 months of 2017, the company held
webcasts with presentation of the main results and a conference call.
In 2017, work was carried out to update the design and content of the
section "Investors and Shareholders", an informer was added
on the current share price with a mini-graph on the main page of the
site. Changes on the site allowed to optimize the main section
"Investors and Shareholders", which is most often visited
by representatives of the investment company and shareholders of the
company. All subsections and the most requested information can be
seen on one page. Thanks to the work done, it was possible to
increase the average time for viewing the pages of the section by
25%.
The company constantly works to improve the liquidity of its
shares. Following the results of 2017, the average daily number of
deals with IDGC of Centre’s shares on Moscow Exchange (Main Mode
T+) was 540, which is 19% more than in the same period last year (452
in 2016), while the indicator was second among all IDGCs. The average
daily spread for the year was 0.36%, which is 0.15 percentage points
less than in the same period of the previous year (according to the
results of 2016, 0.51%). The volume of trading in shares on Moscow
Exchange (Main Mode T+) in pieces was 10% of the total number of
shares of the company. Throughout the year, a market maker was
involved to improve the parameters of the securities market. The
company’s free-float according to the index committee of Moscow
Exchange remained at the level of 34%.
The perception study held annually demonstrated a high level of
disclosure in the company and quality work with shareholders and
investors. The ratio of positive perception, which assesses the
quality of the work of IDGC of Centre’s IR division by criteria of
competence, accessibility, honesty, response time, was 93.9% in 2017
(94.9% in 2016), while remaining significantly higher than the target
value at 75%. Most of respondents consider its information
disclosure, good dividend yield, effective work with investors and
efforts to collect overdue accounts receivable as the main strengths
of the company. In addition, quality management and advanced
governance methods were noted.
IDGC of Centre considers activities on interaction with
shareholders and investors as an integral part of its daily work,
being fully aware of its corporate responsibility and commitment to
the principles of disclosure. The company will continue implementing
an effective policy to work with all interested parties to comply
with high standards of corporate governance. Detailed information on
the IR-plan for 2018 can be found in the section "Investor’s
Calendar" on the website:
https://www.mrsk-1.ru/en/investors/calendar/#s69
or on the portal: closir.com,
which allows to simplify the process of participation in the events
with the company’s management.
For more information about IDGC of Centre’s interaction with
investors and shareholders, please, visit the section "Investors
and Shareholders" on the website:
https://www.mrsk-1.ru/en/investors/.
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