IDGC of Centre summed up the work on interaction with shareholders and investors in 2017
OREANDA-NEWS. IDGC of Centre summed up the work on interaction with shareholders and investors in 2017. Over the past year, significant results were achieved in improving the disclosure process and maintaining a continuous dialogue with representatives of the investment community. All efforts were aimed at improving the investment case of the company and increasing its credibility on the part of all stakeholders.
The main emphasis in the interaction with shareholders and investors was made on holding regular events dedicated to the publication of financial statements, as well as the modernization of the company’s website as the main source of disclosure of essential information. In March 2017, the annual Analysts’ Day was held at the company’s office. The participants of the meeting were given the opportunity to ask questions of interest personally to representatives of IDGC of Centre’s management. Also, based on the results of activities for 6 and 9 months of 2017, the company held webcasts with presentation of the main results and a conference call. In 2017, work was carried out to update the design and content of the section "Investors and Shareholders", an informer was added on the current share price with a mini-graph on the main page of the site. Changes on the site allowed to optimize the main section "Investors and Shareholders", which is most often visited by representatives of the investment company and shareholders of the company. All subsections and the most requested information can be seen on one page. Thanks to the work done, it was possible to increase the average time for viewing the pages of the section by 25%.
The company constantly works to improve the liquidity of its shares. Following the results of 2017, the average daily number of deals with IDGC of Centre’s shares on Moscow Exchange (Main Mode T+) was 540, which is 19% more than in the same period last year (452 in 2016), while the indicator was second among all IDGCs. The average daily spread for the year was 0.36%, which is 0.15 percentage points less than in the same period of the previous year (according to the results of 2016, 0.51%). The volume of trading in shares on Moscow Exchange (Main Mode T+) in pieces was 10% of the total number of shares of the company. Throughout the year, a market maker was involved to improve the parameters of the securities market. The company’s free-float according to the index committee of Moscow Exchange remained at the level of 34%.
The perception study held annually demonstrated a high level of disclosure in the company and quality work with shareholders and investors. The ratio of positive perception, which assesses the quality of the work of IDGC of Centre’s IR division by criteria of competence, accessibility, honesty, response time, was 93.9% in 2017 (94.9% in 2016), while remaining significantly higher than the target value at 75%. Most of respondents consider its information disclosure, good dividend yield, effective work with investors and efforts to collect overdue accounts receivable as the main strengths of the company. In addition, quality management and advanced governance methods were noted.