MOSCOW, December 25 – RIA Real Estate. Vladislav Sviblov, vice president for development of land assets of the PIK Group, and Igor Farber, general director of Mayak LLC, a holding company in the housing and communal services sector, were excluded from the board of PJSC PIK Group, according to the company’s materials.
“On certain decisions made by the board of directors of the issuer - early termination of the powers of Igor Arkadyevich Farber, a member of the board of PJSC PIK Group of Companies, and Vladislav Vladimirovich Sviblov, a member of the board of PJSC PIK Group of Companies, from December 22, 2017,” the materials note.
According to information on the company's website, Igor Farber is the general director of Mayak LLC. As RIA Real Estate clarified in the PIK press service, this company is a holding company in the housing and communal services sector.
The group’s materials say that the board of directors of PIK also decided to terminate the group’s participation in Mayak LLC and DomKomInvest JSC. As RIA Real Estate clarified in the PIK press service, DomKomInvest JSC is also a holding company in the housing and communal services sector.
FAS accused PIK Group of violating the advertising lawThe Moscow OFAS Russia opened a case against PJSC PIK Group of Companies on grounds of violations of the law on advertising based on materials posted in the Yandex.Direct system, with the wording “Apartment from Developer N1”, “Developer N1”, according to a message on department website.Thus, the following remain on the board: Denis Ivakin - director of the PIK design department, Alexander Titov - vice president for economics and finance - group financial director, Alexander Prygunkov - first vice president - PIK operating director.
Also on the board remain: Natalya Semikova - vice president for initial permitting documentation and land and property relations of the group, Alexey Almazov - vice president for PIK design, Stanislav Kondratiev - director of the group's product department, Maxim Yakushechkin - director of the Moscow city directorate , Gennady Rosso - director of the sales department, Alexey Kozlov - director of the directorate for the Moscow region, Vyacheslav Borisenkov - vice president for general issues of PJSC PIK Group of Companies.
In addition, Elbrus Gobeev, the general director of PIK-Industry JSC, and Ilya Tikhomirov, the director of the group’s information technology department, still remain on the board.
PIK Group is the largest residential real estate developer in Russia, operating in nine Russian regions. Since the beginning of its activities, the company has built about 16 million square meters of residential real estate. The controlling shareholder of the company (74.6%) is the president and chairman of the board of the group, Sergey Gordeev.
Report of a material fact
"Reporting Insider Information"
1. General information
1.1. Full corporate name of the issuer (for a non-profit organization - name) Public joint stock company
"PIK Group of Companies"
1.2. Abbreviated corporate name of the issuer PJSC "PIK Group of Companies"
1.3. Location of the issuer Russian Federation, 123242, Moscow, st. Barrikadnaya, 19, building 1
1.4. OGRN of the issuer 1027739137084
1.5. Issuer's TIN 7713011336
1.6. Unique issuer code assigned by the registration authority 01556-A
1.7. Address of the Internet page used by the issuer to disclose information http://www..aspx?id=44
http://www.pik.ru
2. Contents of the message
“On certain decisions adopted by the issuer’s board of directors”
2.1. Quorum of the meeting of the issuer's Board of Directors: 6 out of 9 members of the Board of Directors took part in the meeting of the Board of Directors of PJSC PIK Group of Companies. In accordance with paragraph 2 of Article 32 of the Charter of PJSC PIK Group of Companies, there was a quorum for holding a meeting of the Board of Directors.
2.2. Voting results on decision-making issues:
According to clause 3 of Art. 32 of the Company's Charter, decisions on these issues are made by a majority vote of the voting members of the Board of Directors.
1. On the appointment of new members of the Management Board of PJSC “PIK Group of Companies”.
2. On amendments to the list of candidates to the control bodies of PJSC “PIK Group of Companies” for election at the Annual General Meeting of Shareholders of PJSC “PIK Group of Companies” in 2018.
Voting: For: 6, Against: none, Abstained: none.
2.3. Contents of decisions adopted by the Issuer's Board of Directors:
2.3.1. 1. To appoint the Vice President - Director of the Moscow Directorate of PJSC PIK Group of Companies, Ivan Nikolaevich Polandov, as a member of the Management Board of PJSC PIK Group of Companies from March 13, 2018.
2. Appoint Alexey Alexandrovich Zolotarev, Vice President for Development of Land Assets of PJSC PIK Group of Companies, as a member of the Management Board of PJSC PIK Group of Companies from March 13, 2018.
3. To appoint Alexander Olegovich Lefel, Vice President for Regional Development of PJSC PIK Group of Companies, as a member of the Management Board of PJSC PIK Group of Companies from March 13, 2018.
4. In connection with the appointment of new members of the Management Board, the composition of the Management Board of PJSC “PIK Group of Companies” from March 13, 2018 consists of the following persons:
Members of the Board:
1. Ivakin Denis Anatolyevich - Vice President - Director of the Design Department of PJSC "PIK Group of Companies";
2. Titov Alexander Valentinovich – Vice President for Economics and Finance – Financial Director of PJSC “PIK Group of Companies”;
3. Prygunkov Alexander Sergeevich – First Vice President - Operations Director of PJSC “PIK Group of Companies”;
4. Semikova Natalya Aleksandrovna – Vice-President for initial permitting documentation and land and property relations of PJSC “PIK Group of Companies”;
5. Almazov Alexey Andreasovich – Vice President for Design of PJSC “PIK Group of Companies”;
6. Stanislav Vladimirovich Kondratiev – Vice President – Director of the Product Department of PJSC “PIK Group of Companies”;
7. Yakushechkin Maxim Evgenievich – Vice President – Director of the Moscow Directorate of PJSC “PIK Group of Companies”;
8. Rosso Gennady Genrievich – Vice President – Director of the Sales Department of PJSC “PIK Group of Companies”;
9. Alexey Alexandrovich Kozlov – Vice President – Director of the Directorate for the Moscow Region of PJSC “PIK Group of Companies”;
10. Borisenkov Vyacheslav Aleksandrovich – Vice President for General Issues of PJSC “PIK Group of Companies”;
11. Gobeev Elbrus Kermenovich – General Director of PIK-Industry JSC;
12. Tikhomirov Ilya Vasilievich - Director of the Information Technology Department of PJSC “PIK Group of Companies”;
13. Polandov Ivan Nikolaevich - Vice President - Director of the Moscow Directorate of PJSC PIK Group of Companies;
14. Alexey Alexandrovich Zolotarev - Vice President for Development of Land Assets of PJSC PIK Group of Companies
15. Lefel Alexander Olegovich - Vice President for Regional Development of PJSC PIK Group of Companies.
2.3.2. 1. Remove candidate Elena Alekseevna Osipova from the list of candidates for voting at the Annual General Meeting of Shareholders of PJSC “PIK Group of Companies” in 2018 for elections to the Audit Commission of PJSC “PIK Group of Companies”.
2. Include candidate Elena Ivanovna Ermolaeva in the list of candidates for voting at the Annual General Meeting of Shareholders of PJSC “PIK Group of Companies” in 2018 for elections to the Audit Commission of PJSC “PIK Group of Companies”.
2.5. Date of the meeting of the issuer's board of directors, at which the relevant decisions were made: March 12, 2018.
2.6. Date of compilation and number of the minutes of the meeting of the board of directors of the issuer, at which the relevant decisions were made: Minutes No. 2 dated March 12, 2018.
3. Signature
3.1. Vice President for Economics and Finance - Chief Financial Officer
PJSC "PIK Group of Companies"
A.V.Titov
signature of I.O. Surname
This message was provided directly by the subject of information disclosure and published in accordance with the Regulations on the disclosure of information by issuers of issue-grade securities or the Regulations on the requirements for the procedure and timing of disclosure of information related to the activities of joint-stock investment funds and management companies of mutual investment funds, as well as the content of the disclosed information . The Interfax Agency is not responsible for the content of the message and the consequences of its use.
The Board of Directors of PJSC PIK Group of Companies elected a new board of the company, the company said in a statement on the corporate information disclosure website.The functions of the chairman of the board are assigned to the president of PJSC PIK Group of Companies Sergei Eduardovich Gordeev,” it says.
The board also included: vice-president - director for industry and construction of the company Mikhail Tyasto, vice-president for economics and finance - financial director Alexander Titov, vice-president for planning and coordination of operating activities - director of the financial planning and analysis department Alexander Prygunkov, vice -President for Development of Land Assets Vladislav Sviblov, Vice President for Interaction with Government Authorities Natalya Semikova, Vice President for Design Alexey Almazov, Vice President - Department Director Stanislav Kondratiev, Vice President - Director of the Moscow Directorate Maxim Yakushechkin, Vice President President - Director of the Sales Department Gennady Rosso, Vice President - Director of the Moscow Region Directorate Alexey Kozlov, Vice President for Organizational Development and Technologization Boris Khapachev, Vice President for General Issues Vyacheslav Borisenkov.
The term of office of the new board begins on July 29, 2015 and ends on July 28, 2016, the message adds.
OJSC "Group of Companies "PIK" is one of the largest developers of residential real estate in the Russian Federation, operating in the market of Moscow, the Moscow region and eight other regions. According to the consolidated statements of the group, as of December 31, 2014, the company's assets amounted to 97 billion rubles, capital - 21 .3 billion rubles, revenue at the end of 2014 amounted to 61.3 billion rubles. The developer’s net profit in 2014 according to IFRS amounted to 3.8 billion rubles.
GC “PIK” in Moscow it’s like Putin in Russia. You can talk a lot and bad about it, but it will still always move forward and remain the No. 1 developer in the eyes of potential buyers. If only because it almost always delivers its residential complexes on time. Well, because every highway in the region is covered with its advertising.
Today I invite you to analyze in detail all the information that I collect on the channel https://t.me/novostroyman and in my head - and finally decide: is the “PIK” Group as good as they portray it to be?
In this article, we will consider a brief history of the company, the figure of its main owner - Sergei Gordeev, the pros and cons of the corporation and the landmark new buildings of the PIK Group. Let's go!
PIK Group: main facts
PIK Group of Companies was not founded by Sergei Gorodeev, as many people mistakenly believe today. It was founded by Yuri Zhukov and Kirill Pisarev in the now distant 1994.
BY THE WAY!
PIK is an abbreviation, and it means nothing more than “First Mortgage Company”. True, users on the network seem to have forgotten about this a long time ago and are making fun of “PIK” as much as they can. I quote: “Calling this company “PIK”, I believe, is incorrect. It simply must be called “PUK”.
PIK Group is a public company, 17.8% of the shares are in free float, 74.6% belong to Sergei Gordeev, 7.6% belong to PJSC VTB Bank. But first things first.
Brief history
The first years of the company’s existence cannot be called particularly outstanding; it is difficult to remember any amazing facts from this period. Really vigorous activity, in fact, begins here in 2001, when PIK buys DSK-2 in Moscow, and in 2005, PIK acquires another plant - DSK-3 - from a very famous one in the “Luzhkov” times company - “Inteko”, which was owned by Elena Baturina herself, the wife of the famous mayor of Moscow.
More numbers!
Thus, PIK combined the capacities of two enterprises: DSK-2 could produce up to 450,000 m² per year, and DSK-3 could produce even more: 500,000 m².
Thanks to the resulting capacities, the company became one of the largest manufacturers of “sockets”, which is what it is famous for to this day.
PIK Group in 2006
Since 2006, “PIK” has begun “expansion” (almost the same as that organized by Christopher Columbus when he discovered America) into the regions. Boxes of various series, but of the same style, are beginning to appear in Kaliningrad, Kaluga, Obninsk, Yaroslavl, Nizhny Novgorod...
PIK Group in 2007
2007 becomes a landmark year for the company; it announces an IPO and reaches a capitalization of $12.3 billion. 15% of the shares were sold for $1.85 billion.
PIK Group in 2008
2008 hit PIK as unexpectedly and hard as it hit all other organizations. The volume of housing under construction has decreased by almost 2 times compared to 2007. But help came from an unexpected place: the Russian government included the company in the list of systemically important enterprises, which, in general, did not have a very positive effect on the economic situation of PIK.
PIK Group in 2009
2009 was marked by the loss of a controlling stake by the company's founders in favor of Suleiman Kerimov. They gave away 25% of PIK shares in exchange for restructuring the company's debt.
At the same time, the developer received state government guarantees.
PIK Group in 2010
The summer of 2010 brought sad news. First, the property of Yuri Zhukov, the founder, was arrested by decision of the Meshchansky Court, since it acted as collateral for Nomos Bank, which provided the loan. And then one of the structures of the First Mortgage Company, PIK-Development, was declared bankrupt.
PIK Group in 2010-2012
In 2010, the company received $425 million from Sberbank to replenish working capital, optimized internal processes, commissioned 740,000 m² of housing, increased its sales and, as a result, reduced losses by 47%.
An interesting fact: despite this, in 2010 PIK Group did not pay dividends. This difficult decision was made based on the results of a general vote of shareholders.
In subsequent years, 2011-2012, the company was engaged in restoring construction volumes and strengthening economic sustainability.
Hello, Sergey!
Efficiency, new sites, increased construction and sales volumes - it seems that all this began to grow only with the arrival of this particular person in the company. By the way, Gordeev eliminates competitors as skillfully as a matador acts in the arena.
In 2016, he buys the Morton company of Alexander Ruchev with almost all existing projects and problems and becomes the main player in the field of “standard-class” housing, as they like to say now, and also occupies the 90th place of the richest businessmen in Russia in the Forbes list. In April 2018 it rises almost 40 lines higher - to 57th place.
And already in 2017, the company came out on top in various ratings of Russian developers, thanks not only to construction volumes, but also to the active, and I would even say aggressive, advertising activities of the company.
Post by PIK Group on Ilya Varlamov’s blog
It is worth noting that the online promotion of new buildings from “PIK” is becoming very targeted: “Yandex.Direct”, Google Adwords, “Cyan”, Ilya Varlamov’s blog.
But not a single (not a single!) major transport artery in Moscow is complete without a colonnade of numerous standard “PIK” billboards. Sometimes it seems to me that this is not even brand formation, but something from NLP.
Yes, “PIK” loves outdoor advertising. Have you ever thought about how much this billbeard of happiness costs? Let's reveal a secret: rent of 1 panel in Moscow and the region varies within 31,000 – 465,000 rub./month depending on location.
But let's get back to history. In the summer of 2017, Mr. Gordeev (for some reason I can’t call him anything else) buys 16% from Alexander Mamut, and 9.8% of PIK shares from Mikail Shishkhanov. And already in October it receives its “cherry on the cake” - 24.6% of the shares of minotaries. Thus, by 2018, a simple shareholder becomes the holder of a controlling stake, having consolidated 74.6% of the shares in his hands.
Incredible but true
But, no matter how surprising it may be, it seems that this is only good for the company. At the end of January 2018, the Moscow City Hall published the TOP developers for housing commissioning for 2017, where PIK Group of Companies (oh my God, how amazing!) took 1st place.
Sergei Gordeev prefers to sacrifice his trading assets in the name of residential construction. On March 26, 2018, it became known that he was ready to sell 2 objects: the Riviera shopping center and the Salaris shopping center (by the way, the Salaryevo Park residential complex under construction is owned by the same PIK group of companies) to the Kyrgyz company KLS Securities. The deal has not yet been concluded, but experts have already expressed their forecasts regarding the possible cost. The deal could bring the president of PIK Group 45 billion rubles.
With all this, Gordeev can hardly be called a media person. In major programs and interviews he is shown no more than once a year. Even in the movie A home for everyone: How it's done | PIK Group,” his comments did not take more than a few minutes.
Employees
The PIK company employed 14,263 people as of April 2018. And hardly any of them can be called media. They, to match the president, are displayed mainly only on the group’s official website, in the “Management” section.
Currently, the Board of Directors consists of 9 people, another 14 represent the Management Board. Surprisingly, even in their own film about industrial construction, few of them took part. Or rather, only, in fact, Mr. Gordeev and Alexey Almazov, vice president for design.
Key employees of PIK Group
Board Board of DirectorsOther key personnel
- Sergey Gordeev– president and chairman of the board;
- Alexander Prygunkov – 1st Vice President and Chief Operating Officer;
- Denis Ivakin- VVice President and Director of the Design Department;
- Alexander Titov- VVice President for Economics and Finance;
- Gennady Rosso- VVice President and Director of Sales Department;
- Stanislav Kondratiev- VVice President and Director of Product Department;
- Natalia Semikova- VVice President for Initial Permits and Land and Property Relations;
- Alexey Almazov- VVice President of Engineering;
- Vyacheslav Borisenkov- VVice President for General Affairs;
- Alexey Kozlov- VVice President and Director of the Directorate for the Moscow Region;
- Ivan Polandov- VVice President and Director of the Moscow Directorate;
- Elbrus Gobeev- GGeneral Director of JSC PIK-Industry;
- Ilya Tikhomirov– dDirector of the Information Technology Department;
- Alexey Zolotarev- VVice President for Land Asset Development.
- Marina Zinovina– pChairman of the Board of Directors;
- Alexander Varennya –
- Sergey Vorobiev – member of the board of directors;
- Zumrud Rustamova – independent member of the board of directors;
- Alexey Blanin – independent member of the Board of Directors;
- Georgy Figin – member of the board of directors;
- Marina Grönberg – member of the board of directors;
- Alexander Dolzhich – member of the board of directors;
- Alexey Karpenko – member of the board of directors.
- Yesatia Badri– Chief Architect of PIK Group of Companies;
- Natalya Dubrovskaya– Chief Architect of the Design Department;
- Pavel Turkov– head of territorial administration.
If you are one of those people who wonder: who developed this “chic” design of Pikovsky houses - and dream of looking the chief architect of “PIK” in the eyes, I hasten to disappoint you: Esatiya Badri, who holds this post, also does not appear in the film . Therefore, we can only admire his architectural solutions.
Office
The central office of the PIK Group of Companies is located in Moscow, on the street. Barrikadnaya, 19 building 1, near the metro station. Barricaded. It works 12 hours: from 9 to 9 (or rather, until 21:00) and, in general, is not particularly remarkable. Except for the fact that on May 18, 2017, the investigative committee conducted high-profile searches here during the investigation of a criminal case about causing damage to the Dynamo sports society (one of the counterparties of the PIK Group of Companies).
Oratory lessons from PIK Group of Companies
Participation in renovation
“PIK” is one of the developers participating in the Moscow renovation program. Space in the following residential complexes will be allocated to the needs of the state:
- (100,000 sq.m. will go to the program);
- (80,000 sq.m.);
PIK Group: reviews
There are very different reviews of PIK Group on the Internet. So that you can study the main claims here without going to numerous forums, I will analyze everything I know and hear right here, dividing all references into positive and negative. Well, if you really want live reviews, you are welcome to .
Pros
Of course, the main advantage of the company is its predictability. You know for sure that, no matter what the times are outside the window, your house will be built. Yes, it is possible that the delivery deadline will be missed, but it will definitely not turn into a long-term construction project that no one needs. There is quite significant evidence for this:
- The company has 2 of its own factories for reinforced concrete products. Former DSK No. 2 and No. 3 turned into the Ochakovsky reinforced concrete plant and the Vostryakovsky reinforced concrete plant. And their “union” is now known throughout the country as “PIK-Industry”.
- 99% of new buildings from PIK Group are very affordable, which means they sell well and quickly, replenishing the company’s coffers.
The second significant advantage of the company is the construction of new buildings with finishing. In almost every new building you can find apartments with this option, which means that after receiving the keys you can safely move into the housing you received.
I have already indirectly voiced another significant advantage above - availability. Most of the new buildings from “PIK” are well-known panels, although slightly improved. Due to the ease of production of the panels and their versatility, one floor of a 9-apartment section can be built in 2 days. This is what determines the pleasing prices of new buildings at PIK.
Cons
Everyone who has ever looked at the new buildings of the PIK Group of Companies has seen: their houses have NO individuality. Same type panel boxes of regular geometric shapes and bright colors - that’s what these houses are like. Can you, dear reader, distinguish the residential complex “Buninskie Meadows” from, for example, the residential complex “Izmailovsky Forest”?
Okay, okay, I agree, the task is too difficult. Then one more try. Let's compare yards LCD “Salaryevo Park” and LCD Green Park.
Doesn't work? Don't be upset! Even market experts are often powerless in this matter.
The second serious disadvantage, which is often discussed, concerns the violation of the rights of shareholders of Morton, a company that PIK absorbed in 2016.
Perhaps the most striking example is the story of the “Peter I” residential complex in the Lefortovo district, which was initially sold as a business class complex of 6 buildings. After the project passed into the hands of “PIK”, the territory of “Peter I” was divided into 2 buildings, in fact, “Peter” itself and the new project “Lefortovo Park”. “Thanks to” this move by the developer, instead of the promised 6 buildings, 14 will now appear here.
Those. people who preferred the “Peter I” residential complex over, for example, the “Symbol” residential complex because the first one promised to be more intimate, with fewer buildings, ended up losing the advantage that made them make their choice .
The third disadvantage is delays in delivery deadlines. Despite the fact that PIK does not have a single long-term construction project, the developer does not always adhere to delivery deadlines. At the same time, it is quite difficult to restore the initial delivery dates, because the company deletes all project declarations from the website, as soon as the housing is put into operation. But we can say for sure: there were delays in delivery deadlines in the Meshchersky Les residential complex, the Peter I residential complex, and the Mosfilmovskaya residential complex.
The fourth disadvantage is non-compliance with safety regulations at construction sites. It’s no secret that the company’s workers have suffered more than once during the construction of complexes. In May 2017, a construction crane collapsed in the Lyuberetsky residential complex, and in September of the same year - in the Novokurkino residential complex. If safety precautions are violated, are other standards met? This is the question potential buyers are asking.
Bankruptcy?
The bankruptcy of PIK Group of Companies is one of the most favorite topics of all representatives of the real estate market. “PIK” didn’t deliver the complex on time? Bankruptcy is coming! The company's profit fell 6 times in 2017? Go bankrupt! Has PIK postponed the placement of bonds? Bankrupt!! And it doesn’t matter at all that new large-scale projects are being prepared for launch on the market, investments in which were required in 2017, and the profit from the sale of which will come only in 2018-2019.
In fairness, it is worth noting that the company was once on the verge of insolvency. One of the subsidiaries, PIK-Development, expected to sell apartments worth 5 billion rubles before 2009, which did not happen due to the crisis that hit the country. Then 25% of the shares were sold to Suleiman Kerimov, who stabilized the situation in the entire group of companies, but PIK-Development had to be sacrificed.
In 2018, PIK is not in danger of bankruptcy; the company is confidently selling completed apartments and preparing new projects to enter the market, so only the author of a publication eager to get hype can call it bankrupt.
New buildings of the PIK Group of Companies
News
Main news of 2019:
- On January 22, 2019, the company announced its results for 2018. “PIK” put into operation 102 new buildings during the indicated period (compared to 99 in 2017), launched 13 new projects for sale (compared to 11 in 2017), the volume of real estate sales increased by 5.6% to 1,941 thousand. sq. m (compared to 1,839 thousand sq. m in 2017), and the volume of cash receipts increased by 20.4% to 245.0 billion rubles (compared to 203.4 billion rubles in 2017)
- Top managers of the company told Interfax that in 2019 PIK is not going to acquire new sites for construction.
- “PIK”, according to the results of the “Metrium” calculation, is the largest developer in terms of the volume of housing sold in “old” Moscow.
- 03/20/2019 PIK Group announced that launches sale of development franchise in Russia and abroad. Developers who are open and focused on innovation, players in the new project finance market, real estate market consultants and holding companies that do not have internal expertise will be able to use the new PIK service. – commented at PIK Group of Companies.
- On 04/01/2019 it became known that PIK Group and LSR Group may receive special conditions when switching to escrow accounts. The government has started talking about forming a pool of “systemically important enterprises,” Vedomosti writes. And the 2 companies mentioned above may be on this “white list”. The requirements for “systemically important enterprises” are as follows:
- The company operates in at least 5 regions;
- Builds over 1 million sq. m of housing;
- Is public.
Only “PIK” and “LSR” meet these requirements. Apparently, these companies will be allowed to build according to the old rules if the home is 10% ready (instead of the standard 30% for other developers). If we are talking about a project for the integrated development of territories, the readiness may be 6% (example -).
- 01.04.2019 Standard and Poor's upgraded PIK's credit rating to B+. The forecast is stable.
- 04/02/2019 PIK Group announced financial results according to IFRS for 2018:
- Total revenue – 245.8 billion rubles. (+40.4% compared to 2017);
- Margin – 22.4%. (+6.2%);
- EBITDA – 42.8 billion rubles. (+214.7%);
- Net profit – 21.3 billion rubles;
- Net debt - 2.5 billion rubles (at the end of 2017 - 15.0 billion rubles).
- 07/04/2019 PIK Group entered the TOP 50 Brand Finance Russia 2019. Sergei Gordeev’s company is ranked 41st in the ranking of the most expensive Russian brands. Brand Finance Russia 50 valued “PIK” at RUB 22.220 billion.
- VTB increases its stake in PIK Group to 23.05%. VTB Group is buying a 15.48% stake in the development company from Sergei Gordeev. Sergei Gordeev retains 59.15% of the shares, VTB Group has 23.05% of the shares.
- 07/08/2019 Fitch Ratings (rating agency) assigned PIK Group a credit rating of BB-. The forecast is stable.
- 07/10/2019. They are:
- The volume of real estate sales increased by 15.1% to 101.2 billion rubles (versus 88.0 billion rubles in the first half of 2018);
- The total volume of cash receipts amounted to 114.5 billion rubles;
- The total area of real estate put on sale is 687 thousand square meters. m. This is 21.1% less than in the 1st half of 2018;
- Commissioning volume – 513 thousand sq. m. m., (versus 286 thousand sq. m. in the 1st half of 2018).
- The developer bought 2 O’Key sites. Two plots, previously purchased by a well-known network, were transferred to Sergei Gordeev’s company. One of the sites is on Bolshaya Ochakovskaya Street. The location of the second is not yet known for certain, but perhaps it will be a site in Dubrovsky Proezd. The area of each territory is 4 hectares.
Main news of 2018:
, sharing the site with the former developer “Spartak Stadium”. The Tushinsky Park residential complex will appear here.Participation in renovation
PIK Group of Companies takes an active part in the Moscow renovation program. Projects for planning blocks and houses have been developed. At the end of 2018 - beginning of 2019, it is known that 5 residential complexes of the company will be allocated to the needs of the state program. This is , and . They will have 764,000 sq.m., 80,000 sq.m., 100,000 sq.m. 30,000 sq.m. residential real estate for the needs of the state program, respectively, for the first 4 residential complexes and 236 apartments in.
The PIK group of companies is without a doubt a leading player in the real estate market in Moscow and the Moscow region. How long its history will last and whether it will repeat the fate of the sensational SU-155, only time will tell. However, at the moment it is difficult to imagine that anything can prevent the company from building and being prosperous.
Report of a material fact
"Reporting Insider Information"
1. General information
1.1. Full corporate name of the issuer (for a non-profit organization - name) Public joint stock company
"PIK Group of Companies"
1.2. Abbreviated corporate name of the issuer PJSC "PIK Group of Companies"
1.3. Location of the issuer Russian Federation, 123242, Moscow, st. Barrikadnaya, 19, building 1
1.4. OGRN of the issuer 1027739137084
1.5. Issuer's TIN 7713011336
1.6. Unique issuer code assigned by the registration authority 01556-A
1.7. Address of the Internet page used by the issuer to disclose information http://www..aspx?id=44
http://www.pik.ru
2. Contents of the message
“On certain decisions adopted by the issuer’s board of directors”
2.1. Quorum of the meeting of the issuer's Board of Directors: 9 out of 9 members of the Board of Directors took part in the meeting of the Board of Directors of PJSC PIK Group of Companies. In accordance with paragraph 2 of Article 32 of the Charter of PJSC PIK Group of Companies, there was a quorum for holding a meeting of the Board of Directors.
2.2. Voting results on decision-making issues:
According to clause 3 of Art. 32 of the Company's Charter, decisions on these issues are made by a majority vote of the voting members of the Board of Directors.
2.2.1. On the formation of a new composition of the Management Board of PJSC PIK Group of Companies.
2.2.2. On approval of the non-deliverable forward transaction for global depositary receipts concluded between PJSC PIK Group of Companies and VTB Bank (PJSC) on 06/30/2017 under the terms of the general agreement on forward transactions in financial markets dated 06/30/2017, as part of determining the priority areas of activity of PJSC " PIK Group of Companies" in accordance with subparagraph 1 of paragraph 2 of Article 29 of the Charter of PJSC "PIK Group of Companies".
Voting: For: 9, Against: none, Abstained: none.
2.3. Contents of decisions adopted by the Issuer's Board of Directors:
2.3.1. To form the Management Board of PJSC "PIK Group of Companies" in the following composition:
Members of the Board:
1. Ivakin Denis Anatolyevich - Vice President - Director of the Design Department of PJSC "PIK Group of Companies";
2. Titov Alexander Valentinovich – Vice President for Economics and Finance – Financial Director of PJSC “PIK Group of Companies”;
3. Prygunkov Alexander Sergeevich – Vice President - Chief Operating Officer of PJSC “PIK Group of Companies”;
4. Vladislav Vladimirovich Sviblov – Vice President for Development of Land Assets of PJSC “PIK Group of Companies”;
5. Semikova Natalya Aleksandrovna – Vice-President for initial permitting documentation and land and property relations of PJSC PIK Group of Companies;
6. Almazov Alexey Andreasovich – Vice President for Design of PJSC “PIK Group of Companies”;
7. Stanislav Vladimirovich Kondratiev – Vice President – Director of the Product Department of PJSC “PIK Group of Companies”;
8. Yakushechkin Maxim Evgenievich – Vice President – Director of the Moscow Directorate of PJSC “PIK Group of Companies”;
9. Rosso Gennady Genrievich – Vice President – Director of the Sales Department of PJSC “PIK Group of Companies”;
10. Alexey Alexandrovich Kozlov – Vice President – Director of the Directorate for the Moscow Region of PJSC “PIK Group of Companies”;
11. Igor Arkadyevich Farber – General Director of Mayak LLC;
12. Borisenkov Vyacheslav Aleksandrovich – Vice President for General Issues of PJSC “PIK Group of Companies”;
13. Gobeev Elbrus Kermenovich – General Director of PIK-Industry JSC;
14. Tikhomirov Ilya Vasilievich - Director of the Information Technology Department of PJSC PIK Group of Companies.
The functions of the Chairman of the Management Board are assigned to the President of PJSC PIK Group of Companies Sergey Eduardovich Gordeev.
The term of office of the new composition of the Management Board of PJSC PIK Group of Companies begins on July 28, 2017 and ends on July 27, 2018.
2.3.2. Approve the non-deliverable forward transaction for global depositary receipts concluded between PJSC PIK Group of Companies and VTB Bank (PJSC) on 06/30/2017 under the terms of the general agreement on forward transactions in financial markets dated 06/30/2017, as part of determining the priority areas of activity of PJSC "Group" PIK Companies" in accordance with subparagraph 1 of paragraph 2 of Article 29 of the charter of PJSC "PIK Group of Companies" on the terms set out in Appendices 1,2,3, which are an integral part of this Protocol.
Other terms of the transaction according to the Appendices:
Appendix 1: General Agreement on forward transactions in financial markets dated June 30, 2017;
Appendix 2: Confirmation of the Non-Deliverable Forward Transaction for Global Depository Receipts dated June 30, 2017;
Appendix 3: Sale and purchase agreement for global depositary receipts dated June 30, 2017.
2.4. Date of the meeting of the issuer's board of directors, at which the relevant decisions were made: July 25, 2017.
2.5. Date of compilation and number of the minutes of the meeting of the board of directors of the issuer, at which the relevant decisions were made: Minutes No. 10 dated July 25, 2017.
3. Signature
3.1. Vice President for Economics and Finance - Chief Financial Officer
PJSC "PIK Group of Companies"
A.V.Titov
signature of I.O. Surname
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