The prosecution offered to pay money for the seizure of shares to private investors.

The appeal was filed by private investors, as well as the Bank of Russia and the Moscow Stock Exchange.

The process was postponed because the Perm region prosecutor’s office proposed paying compensation to minority shareholders. Details of the mechanism have not been revealed.

As one of the participants in the case told RBC, the court of first instance decided that the shares should be confiscated in favor of the state to all owners of the plant. Minority shareholders did not agree with this interpretation and filed complaints. The prosecution reasoned that good faith purchasers of the securities were entitled to receive payments as a “gesture of good will” and not compensation.

According to Interfax, the “political decision” was made by the State represented by Rosatom, which manages the plant after the documents were seized.

“It was decided that all bona fide shareholders will receive compensation for the property that was demanded from them by a court decision,” RIA Novosti quotes a representative of the prosecutor’s office. He clarified that buyers of shares on the Moscow Stock Exchange will return the value of the securities by valuing them at the average market price.

It is not yet known at what price the funds will be returned to the acquirers and whether unpaid dividends will be included in the price.

The total package of securities acquired on the stock market amounts to 10.6% and belongs to more than 2.3 thousand private investors.

The State considered that in the 90s the privatization of the plant was carried out with violations. More than 89.4% of the shares controlled by Piotr Kondrashev, Timur Starostin, Igor Pestrikov and Sergey Kirpichev were confiscated in the Russian Federation, writes Properm.ru. Major shareholders are not entitled to compensation.