Valuation for corporate actions
Valuation for in-kind contributions, share redemptions, reorganisations and intra-group restructuring
We value shares and participatory interests in the charter capital, intangible assets, real estate, equipment and other property involved in corporate actions.
Finappraisal provides valuations for corporate actions required by law and by decisions of governing bodies
In-kind contribution to the charter capital
The monetary valuation of the contributed property is carried out by an independent valuer (Article 66.2 of the Civil Code of the Russian Federation)
Redemption of shares at shareholders' request
In a reorganisation, a major transaction or an amendment to the articles of association, the redemption price may not be lower than the market value determined by a valuer (Articles 75 and 77 of Federal Law No. 208-FZ "On Joint-Stock Companies")
Mandatory offer and squeeze-out
The squeeze-out price for securities of a public company and, in a mandatory offer, the price of securities not admitted to organised trading may not be lower than the market value determined by a valuer (Articles 84.2 and 84.8 of Federal Law No. 208-FZ)
Placement of additional shares
The placement price is determined on the basis of market value (Articles 36 and 77 of Federal Law No. 208-FZ)
Withdrawal of a participant from an LLC
Determining the actual value of a participant's interest in a limited liability company, including in a dispute over its amount
Reorganisation
Supporting share conversion ratios and exchange ratios of participatory interests in mergers, accessions, divisions and spin-offs
Major and interested-party transactions
Supporting the market price for governing bodies
Intra-group restructuring
Valuation of assets, shares and participatory interests when they are transferred between group companies and when a holding structure is created
Value is determined in accordance with Federal Law No. 135-FZ "On Valuation Activities in the Russian Federation" and the Federal Valuation Standards. The valuation report sets out a reasoned conclusion of market value with supporting analysis for decisions of the board of directors and the general meeting and for defending a position in a corporate dispute.