STATEMENT OF TOAZ PJSC IN VIEW OF THE DECISION OF THE SAMARA REGIONAL COURT

Samara Regional Court upheld the verdict of the Komsomolsky District Court of Togliatti in the criminal case against former leaders of Togliattiazot OJSC (case No. 22-6099/2019).

Public Joint-Stock Company Togliattiazot (TOAZ PJSC, the Company), recognized as the victim by the Komsomolsky District Court of Togliatti, reiterates its absolute disagreement with the guilty verdict, considers it to be inconsistent with the actual circumstances of the criminal case found during the proceedings. Besides, the verdict was made with gross violations of the requirements of the criminal procedure laws of the Russian Federation. As stated earlier, the verdict is a clear miscarriage of justice. The ruling of the court of appeal is equally erroneous.

TOAZ PJSC has to state that the Samara Regional Court, just like the Komsomolsky District Court of Togliatti before, could not (or did not want to) find signs of unfair behaviour of the minority shareholder of the Company (Uralchem JSC) in this criminal case. As a result, the raider actions of the competing shareholder received legal judicial protection.

Moreover, during the hearings in the court of appeal, the Samara Regional Court showed obvious bias, unwillingness to admit obvious errors and serious violations committed by the first instance. The judges of the court of appeal completely ignored the real background of the lawsuits of Uralchem JSC, despite the legally accurate and verified arguments for defence of the former leaders of Togliattiazot OJSC, their counterparties, civil defendants (including foreign legal entities) and representatives of TOAZ PJSC itself, and despite the obvious violations of laws in the investigation and hearing of the case in the Komsomolsky District Court of Togliatti.

TOAZ PJSC is appealing against the verdict of the Komsomolsky District Court of Togliatti and the ruling of the Samara Regional Court in the manner prescribed by law.

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