MegaFon’s charter capital totals RUB 62,000,000 consisting of 620 million ordinary registered uncertified shares with a par value of RUB 0.1 each. The Company is authorised to issue 100,000,000,000 additional ordinary shares. MegaFon has no preferred shares. All issues of ordinary registered uncertified shares have been combined into one issue with state number 1-03-00822-J. The Government does not hold any shares in the Company.
In 2012, MegaFon conducted an initial public offering (IPO) on the Moscow Exchange and the London Stock Exchange. As part of this public offering, the Company established its Global Depositary Receipt (GDR) programme under which MegaFon’s ordinary shares may be converted into an equal number of GDRs, with each GDR representing an interest in one ordinary share. Holders of GDRs have essentially the same rights as holders of ordinary shares in terms of participation in general shareholders meetings and receipt of dividends in accordance with the applicable laws of the Russian Federation.
As at 31 December 2016, MegaFon’s major shareholders were the USM Group of companies (56.32% interest) and TeliaCompany Group (25.17% interest). The holdings of the major shareholders of MegaFon have not changed during the reporting period.
As at 31 December 2016, the percentage of MegaFon’s ordinary shares and GDRs in free float was 14.59%, as in the previous year. In 2016, the percentage of ordinary shares in free float increased 2.2%. As a result of the volatility of the RUB/US$ exchange rate during 2016 and because of the fact that MegaFon pays dividends on ordinary shares in roubles, investors have become increasingly interested in holding the Company’s ordinary shares.
| Shareholder | Holding, total, % | Ordinary shares, % | GDRs, % |
|---|---|---|---|
| USM Group | 56.32 | 56.32 | 0 |
| Telia Company Group | 25.17 | 25.00 | 0.17 |
| MegaFon Investments (Cyprus) Limited | 3.92 | 0.00 | 3.92 |
| Free float | 14.59 | 2.2 | 12.39 |
| Total | 100 | 83.52 | 16.48 |
MegaFon’s GDRs are traded on the Main Market of the London Stock Exchange. MegaFon’s ordinary shares are listed on the Moscow Exchange. They are included in the highest (Level I) Quotation List of the Moscow Exchange. MegaFon’s GDRs are included in the FTSE Russia IOB Index and the Company’s ordinary shares are included in the MICEX Index, the Moscow Exchange Broad Market Index and the Moscow Exchange Telecoms Index.
| Exchange | London Stock Exchange (LSE) |
| Market | Main Market |
| Listing category | Standard GDRs |
| Admission to trading / listing date |
3 December 2012 |
| Stock ticker symbol | MFON LI |
| Conversion ratio | 1 GDR represents 1 ordinary share |
| Index inclusion | FTSE Russia IOB |
| Exchange | Moscow Exchange |
| Listing level | First Level Quotation List |
| Security type/category | Ordinary share |
| Trading start date | 28 November 2012 |
| Stock ticker symbol | MFON |
| Nominal value, RUB | 0.1 |
| Index inclusion | MICEX Index, Moscow Exchange Broad Market Index, Moscow Exchange Telecoms Index |
| Average daily trading volume, US$ m | 8.0(1) |
| Average daily trading volume, shares traded | 778,961(2) |
| 52-week high, US$ | 12.85 |
| 52-week low, US$ | 8.30 |
| Period-end price, US$ | 9.45 |
| Period-end market capitalisation, US$ m | 5,859 |
| Average number of trades per day | 157.2 |
| Average daily trading volume, shares traded | 236,059 |
| Average number of trades per day | 2,390 |
| 52-week high, RUB | 884.0 |
| 52-week low, RUB | 530.2 |
| Period-end price, RUB | 579.6 |
| Period-end market capitalisation, RUB bn | 359.4 |
