On April 7, 2012, VTB Bank top managers held a meeting with the bank’s shareholders in Moscow. Over three hundred minority shareholders participated in the event, during which they had an opportunity to ask questions directly to the bank’s management. On-line coverage of the event was also available on VTB’s official website.
Vasily Titov, First Deputy President and Chairman of the Management Board, Herbert Moos, Deputy President and Chairman of the Management Board, and Ekaterina Petelina, Member of VTB Management Board attended the meeting. The top managers informed the audience on the bank’s current activity, VTB Group’s financial performance, VTB Bank’s share buyback program, and answered the shareholders’ questions.
One of the key topics of the meeting was VTB Bank’s share buyback program. As of 19:00 April 6, 2012, over 65,000 shareholders filed bids to sell their shares. Vasily Titov said: “We understand our responsibility to those shareholders who have been with us during all that time. Therefore, the share buyback program is aimed particularly at IPO 2007 participants who have not yet sold their shares up to the present moment. At the same time we still have a big number of shareholders, and we will continue working on VTB Group’s further growth and efficiency enhancement”.
The Moscow meeting with shareholders has already become the third such event held since the year beginning. Earlier such events took place in Kaliningrad and Yekaterinburg. By the end of the current year a number of meetings with shareholders have been scheduled to be held in various regions of the country.