Facts of misuse of insider information in transactions with shares in on-exchange trading established
The Bank of Russia has established facts of misuse of insider information by Nikolai Igorevich Minashin.
N.I. Minashin, acting as Director of Investor Relations, had access to insider information concerning the implementation of the programme to buy back an issuer’s shares (the Shares) and the performance of a major transaction by the issuer. This information was accessible to N.I. Minashin for a long period, during which he used it to purchase the Shares in on-exchange trading on multiple occasions. The disclosure of the insider information entailed a significant rise in the price for the Shares, which allowed N.I. Minashin to sell the securities, achieving a positive financial result.
Following the investigation, the Bank of Russia qualified the said actions as a violation of the ban on using insider information established by Clause 1 of Part 1 of Article 6 of Federal Law No.
The Bank of Russia has sent the binding order to N.I. Minashin to cease and desist from similar violations in the future and limited transactions on his trading accounts.
The materials of the investigation have been submitted to law enforcement authorities.
The Bank of Russia urges issuers and other legal entities listed in Part 1 of Article 11 of Federal Law No.
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28.07.2025 17.00.00