The payment of $ 100 for Sibura’s paper is now the former son-in-law of Vladimir Putin Kirill Shamalov was a formal part of the transaction containing several more conditions, which the top management of the company agreed as part of the motivation program with its owner Leonid Michelson, the head and shareholder of Sibura Dmitry Konov told RBC.
“The price of $ 100.02 is incorrect to consider the reflection of the value, which costs Shamalov 3.8% of Sibur. As in the transactions of the other managers of this group, this deal was only the completion of the motivational program, which began in 2010 and consisted of several consistent actions,” said Dmitry Konov.
One of these stages is the refusal of compensation managers within the framework of the previous motivation program, namely virtual shares.
“The price of $ 100.02 is incorrect to consider the reflection of the value, which costs Shamalov 3.8% of Sibur. As in the transactions of the other managers of this group, this deal was only the completion of the motivational program, which began in 2010 and consisted of several consistent actions,” said Dmitry Konov.
One of these stages is the refusal of compensation managers within the framework of the previous motivation program, namely virtual shares.
The fact that the deputy chairman of the board and a member of the board of directors of the largest petrochemical company “Siber” in Eastern Europe, Kirill Shamalov, acquired 3.8% of its shares for only $ 100.02 in June 2013, increasing the share of up to 4.3%, previously reported by the “important stories” with reference to the Kylsyth InvestMents Limited Contract of Shamalov about Shamalov about the company buying this share. The real cost of such a package of shares was over 300 million dollars.
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