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2 December 2016, London

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2nd December, The Kensington Close Hotel, London

On 2nd December join the likes of Black Sun, BNY Mellon, DF King, Equus Petroleum, Ferrexpo, Gulf Keystone Petroleum, Nostrum Oil & Gas, Polyus Gold, Regal Petroleum, STJ Advisors, Unicredit and VTB Capital to hear from:

Michael Lynch-Bell, Senior Independent Director with KAZ Minerals and Independent NED of Lenta, to join the discussions on corporate governance and the role of the NED


Lord Edmund Limerick, Senior NED with Roxi Petroleum, will address the role of the NED in bridging the corporate culture of the country of operation and the London listing


Paul Ostling, Chairman of the Board, JKX Oil & GasThe challenges of instilling best corporate governance and practices in emerging markets companies


Vladimir Rusinov, Managing Director, Proxima Capital GroupWhat leads to shareholder activist situations and how both companies and activists can best support their interests


Tim McCutcheon, Non-Executive Director & Board Member, Ovoca GoldThe persistently false understanding of Russia on the international capital markets


Paul George, Executive Director, Corporate Governance & Reporting, Financial Reporting CouncilBoard effectiveness and raising the quality of dialogue between investors and the companies they own

 

Introduction

 

Many London-listed Eastern European groups currently face challenges, brought on by such factors as commodity sector-specific risks, sanctions and emerging markets discount and resulting in them struggling to meet post-IPO trading expectations.

These groups are seeking greater institutional engagement, in order to raise liquidity and strengthen the connection between underlying performance and valuation. With growing shareholder activism in London, effective interaction and communication with all stakeholders – including investors, Regulators and the financial press – are more important than ever.


 

This timely 1-day forum has been convened to address the challenges that emerging European groups listed in London are currently facing and to identify how the groups can unlock greater shareholder value and ensure clear dialogue between the Board and all stakeholders.

You will receive unique case studies and insight from senior executives at such listed companies as KAZ Minerals, Volga Gas, JKX Oil & Gas, Active Energy Group, Work Service, Ovoca Gold, investment firm Proxima Capital Group, IR advisor EM and UK regulatory body, Financial Reporting Council.

Forum attendees will be drawn from Board Members and majority shareholders of listed companies, activist shareholders, Regulatory bodies, ECM investment bankers, legal counsel, proxy firms, PR & IR advisors and financial media.

Programme

  • 08:30 Registration & Coffee

  • 09:30 Welcome remarks

  • 09:35 Session 1: The Current Landscape For Emerging Europe-Focused Groups Listed in London

    • Keynote Presentation by the Financial Reporting Council. The role of the Stewardship Code in encouraging engagement between investors and Boards. How to ensure the highest quality corporate governance whilst maintaining London’s pre-eminent position as the destination of choice for global issuers
    • An overview of the macroeconomic and geopolitical outlook for Eastern Europe, Russia and the CIS and what to expect from global commodity prices
    • Overcoming market challenges: emerging markets discount, sector-specific risks (such as commodity prices) and sanctions / Russian risk
    • Instilling best corporate governance practices and cultures in emerging markets companies and what can go wrong when this is lacking
    • Highlighting regulatory and cultural differences when dual-listed or listed in one country and operating in another
  • 11:00 Morning refreshments

  • 11:30 Session 2: : Case Studies From Listed Companies On How To Meet Market Expectations And Maximise Shareholder Value In A Challenging Environment

    • How to counter market pressures – meeting the expectations of the IPO story, maintaining highest levels of governance, raising free float
    • Achieving greater institutional engagement, raising liquidity and how to avoid a disconnect between underlying performance and valuation
    • How best to interact with and inform all key stakeholders, including Regulators and the financial press
    • Why the majority of independent natural resources companies operating in Eastern Europe have struggled to meet market expectations
    • Ensuring good information flows between the Board, its committees, senior management and NEDs. Monitoring shareholder opinion and liaising with shareholder groups
    • Working to ensure that market capitalisation does not become a hurdle to financing or sale
  • 13:00 Luncheon

  • 14:15 Session 3: The Rise Of Shareholder Activism And Its Impact On Emerging European Groups Listed In London

    • Shareholder activism – what leads to activist situations and how both companies and activists can best support their interest. Specific reference to recent case studies
    • Appraising some recent scenarios and how they can be addressed: activists stake-building and seeking to drive agenda; controllers being obliged to consider lowball offers
    • Arguments and counter-arguments: the raiders vs underperforming incumbents – where does the truth lie and how to gain the advantage in the information war?
    • Conducting shareholder analysis in order to identify them, put forward your proposition and gain their support
    • The implications of a fragmented share register and the scope of the real free float
    • Delistings: isolated and unrelated instances or the tip of the iceberg?
  • 15:45 Afternoon refreshments

  • 16:15 Session 4: Panel Discussion – Maximising Shareholder Value In Emerging Europe-Focused Groups Listed In London And Gauging The Potential Impact Of The Rise In Shareholder Activism

    This concluding session will provide a frank and lively discussion of all the key topics raised in the course of the day. The panel will be drawn from all major players and stakeholders in the process, including corporate Board Members, activist shareholders, Regulators, Legal counsel, IR advisors and the financial media.

  • 17:45 Gala drinks reception

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