PJSC MegaFon’s charter capital amounts to RUB 62 million, consisting of 620 million ordinary registered uncertificated shares with a par value of RUB 0.1 each. The Company is authorised to issue 100 billion additional ordinary shares. All issues of ordinary registered uncertificated shares have been combined into one issue with the state number 1-03-00822-J. MegaFon has no preferred shares. The Government does not hold any stake in MegaFon’s charter capital.
As at 31 December 2020, PJSC MegaFon’s shareholders were LLC AF Telecom Holding (50% interest) and LLC USM Telecom1 (50% interest) holding in aggregate 100% of the Company’s charter capital.
Any payment of dividends (and the amount of dividends payable) must be approved by the General Meeting of Shareholders upon recommendation of the Board of Directors.
PJSC MegaFon’s Dividend Policy was approved in May 2017. The Dividend Policy sets out the principles to be followed by the Board of Directors when making decisions on recommended dividend amounts to be approved by the General Meeting of Shareholders.
On 8 June 2020, the annual General Meeting of Shareholders resolved not to distribute a dividend for FY2019. LLC USM Telecom is the sole shareholder of LLC AF Telecom Holding.
|Total dividends paid in the calendar year, RUB bn||50.0||20.0||0.0||0.0||0.0|
Seven issues of PJSC MegaFon bonds (series BО-001R-02, BО-001R-03, BО-001R-04, BО-001R-05, BО-001R-06, BО-002R-01 and BО-002R-02) were outstanding at the end of 20202.
|Credit rating||Value||Outlook||Rating/review date|
|S&P Global Ratings|
|Long-term foreign currency rating||BB+||Stable||18.12.2019|
|Long-term local currency rating||BB+||Stable||18.12.2019|
|Long-term credit rating||Ba1||Stable||11.09.2018|
|Issuer: PJSC MegaFon||AA(RU)||Stable||21.09.2017|
|PJSC MegaFon bond issues, series||AA(RU)||—|
MegaFon’s solid current credit rating profile allows it to raise funds at the most attractive terms available in the market.
In March 2020, as global borrowing rates surged, MegaFon’s bond yields also increased, retreating later over 2020 in pace with the relevant debt market dynamics reflecting, among other things, cuts in the CBR key rate.
Providing relevant and timely information to stakeholders is a top priority for MegaFon. In line with its disclosure practices, MegaFon continues to make quarterly announcements of the Company’s operating and financial results, as well as publishing annual reports. MegaFon maintains an open line of communication with investors and participates in various investment and industry conferences.
To ensure data accessibility, MegaFon publishes its Corporate Action Notices:
- on the website of Interfax, an authorised Russian disclosure agency;
- on the official corporate website under the For Investors section.
- LLC USM Telecom is the sole shareholder of LLC AF Telecom Holding.
- In February 2020, PJSC MegaFon completed the previously scheduled redemption of its RUB 20bn exchange bond (series BО-001R-04).