Shareholder Capital
The authorized capital of MTS PJSC totals
RUB 199,838,157.50
and is divided into 1,998,381,575 ordinary shares with par value of RUB 0.1 each.
No preferred shares were placed.
Placed and Declared Shares of MTS PJSC as of December 31, 2024
| Share categories (types) | Quantity (pcs.) | Par value per share (RUB) |
|---|---|---|
| Placed shares | ||
| Ordinary shares | 1,998,381,575 | 0.1 |
| Voting shares | 1,998,381,575 | 0.1 |
| Preferred shares | 0 | 0 |
| Declared shares | ||
| Ordinary shares | 100,000,000 | 0.1 |
Information about the Persons Owning Shares, Disposing of Votes by Shares, as Beneficiaries by Shares in MTS PJSC as of December 31, 2024
| Number of ordinary shares | Share of authorized capital | |
|---|---|---|
| Sistema PJSFC1 | 841,019,563 | 42.09%. |
| MGTS PJSC2 | 5,452,327 | 0.27%. |
| MTS Ecosystem LLC2 | 111,145,664 | 5.56%. |
| Bastion LLC2 | 2,348,947 | 0.12%. |
| MTS PJSC | 38,645,191 | 1.93%. |
| Shares in free circulation | 999,769,883 | 50.03%. |
| Total | 1,998,381,575 | 100%. |
| Количество обыкновенных акций | Доля уставного капитала | |
|---|---|---|
| ПАО АФК «Система»1 | 841 019 563 | 42,09% |
| ПАО МГТС2 | 5 452 327 | 0,27% |
| ООО «Экосистема МТС»2 | 111 145 664 | 5,56% |
| ООО «Бастион»2 | 2 348 947 | 0,12% |
| ПАО «МТС» | 38 645 191 | 1,93% |
| Акции в свободном обращении | 999 769 883 | 50,03% |
| Итого | 1 998 381 575 | 100% |
1 Share of Sistema PJSFC also includes the share of its subsidiary Sistema Telecom Assets LLC (11.03% shares in MTS PJSC).
2 MGTS PJSC, Ecosystem MTS LLC (formerly Stream Digital LLC) and Bastion LLC are subsidiaries of MTS PJSC.
Information on the Number of Shareholders
Total number of persons registered in the shareholder register of the issuer as of the end of Q4 2024: 1,093.
Total number of persons included in the list of those entitled to exercise (implement) their rights to shares in MTS PJSC compiled last (as of June 3, 2024) and for compilation of which nominal shareholders of the issuer presented data on the persons, to the benefit of whom they owned (own) the shares in MTS PJSC: 584,083.
The MTS PJSC management has no information about existing ownership percentage of shares exceeding 5% of the MTS PJSC authorized capital apart from the aforementioned.
For updated information about the shareholder capital structure visit the Company’s website
Information about securities
Shares
The shares in MTS PJSC are circulated on the leading Russian platform — Moscow Stock Exchange (MOEX: MTSS). The Company’s issued and placed shares are ordinary shares of the same par value.
An ordinary share in MTS PJSC secures for its owner (shareholder) a given amount of property rights, including the right to participate in the Company’s management, the right to obtain a portion of Company’s profits in the form of a dividend as well as the right to obtain a portion of the property left after the Company’s liquidation.
Previously, MTS ADRs were in circulation on the New York Stock Exchange. Federal Law No. 114-FZ dated April 16, 2022 obliged Russian companies to terminate their foreign depositary receipt programs, except for the cases when the company obtained permission to continue the program from the Government Commission for Control of Foreign Investments in the Russian Federation. In May 2022, MTS applied for permission to the Government Commission, which allowed MTS ADRs to continue circulation outside of Russia until July 12, 2022 inclusively. Against the background of the ADR program closure, MTS depositary receipts have been delisted from the New York Stock Exchange since August 8, 2022.
Information about the current quotation lists and transaction prices: https:// www.moex.com.
Price and volume of shares in MTS PJSC (RUB), 2024
| MOEX | Price (RUB) |
|---|---|
| Minimum share price | 162.0 |
| Maximum share price | 322.6 |
| Average daily trade volume (mln units) | 4.3 |
| Price as of December 31, 2024 | 210.3 |
MTS PJSC Price and Capitalization Dynamics
Trading Platform: MOEX (Moscow), Issuer Code: MTSS
Dividends and Share Repurchase Program
Dividend Payments in 2024
In April 2024, the MTS Board of Directors approved a new dividend policy that will be in effect in 2024, 2025 and 2026. The MTS PJSC dividend policy provides for dividend payment in the amount of at least 35 rubles per ordinary share during the calendar year.
The new dividend policy stipulates dividend payment once a year with the possibility of changing the frequency of dividend payments during the calendar year upon the recommendation of the Board of Directors. The Board of Directors determines the amount of dividend payments, considering a number of factors, which include cash flows from business operations, capital expenditures and debt position.
In April 2024, the MTS Board of Directors recommended that the annual General Meeting of Shareholders approve the payment of dividends in the amount of 35 rubles per share or a total of 68.6 billion rubles1 based on the company’s 2023 financial results, in June 2024, the relevant decision was made by the shareholders. The date on which persons entitled to receive dividends for 2023 were determined was July 16, 2024.
1 The total calculated amount includes dividends on quasi-treasury shares held by MTS subsidiaries and may differ from the net annual cash flow for dividend payments stated in the Company’s financial reporting.
In accordance with the prevailing Russian legislation, ADR holders get the right to dividends payment only upon conversion of depositary receipts into ordinary shares in MTS PJSC. Under the Depository Agreement, the guaranteed period for converting ADRs into ordinary shares in MTS PJSC ended on January 12, 2023 (inclusively).
Dividends
BRUB
68.6
BRUB
Total declared dividends
in 2024
See details on dividend payment on the MTS website
Bonds
MTS PJSC is one of the largest issuers of corporate bonds in Russia, regularly placing its bond issues on the debt market. The Company uses the funds from bond placement for debt portfolio refinancing and implementation of its investment program.
Issues/Redemptions of Bonds in 2024
| RUB10 billion | Issue of 001R-27 exchange-traded bonds with the circulation period of 1.5 years |
| RUB50 billion | Issue of 002R-03 exchange-traded bonds with the circulation period of 3 years |
| RUB17 billion | Issue of 002R-04 exchange-traded bonds with the circulation period of 3.5 years |
| RUB25 billion | Issue of 002R-05 exchange-traded bonds with the circulation period of 3.5 years |
| RUB17 billion | Issue of 002R-06 exchange-traded bonds with the circulation period of 4 years |
| 38 мil. AED | Issue of KO-P02 exchange-traded bonds with the circulation period of 3 years |
| RUB5 billion | Issue of Digital People’s Bonds with the circulation period of 3 years |
| RUB10 billion | Bonds of series 001R-07 were fully redeemed |
| RUB7.5 billion | Bonds of series 001R-09 were fully redeemed |
| RUB4.5 billion | Bonds of series 001R-18 were fully redeemed |
| RUB20 billion | Bonds of series 001R-22 were fully redeemed |
| RUB15 billion | Bonds of series 001R-23 were fully redeemed |
Detailed information on previous bond issues can be found on the websites:
https://ir.mts.ru/en/investors/debt/bond
http://www.disclosure.ru/issuer/7740000076/
Issue of Bonds in 2024
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Exchange-traded bonds, interest-bearing, non-convertible, uncertificated, series 001R-27 |
| Coupon | 1–6 coupons — 19.65% p.a. |
| Placement price | 100% |
| Issue currency | Ruble |
| Issue amount | 10,000,000,000 |
| Placement date | 14.10.2024 |
| Redemption date | 13.04.2026 |
| ISIN Reg No | RU000A109SK6 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Exchange-traded bonds, interest-bearing, non-convertible, uncertificated, series 002R-03 |
| Coupon | 1–6 coupons: RDij = R + S, where R — value of the RUONIA rate for the 7th day preceding the Dij date, published on the official website of the Bank of Russia on the Internet; Dij — calendar date falling on the j-th day of the i-th coupon period, for which the income is calculated; S — spread, in percent per annum (S = 2%) |
| Placement price | 100%. |
| Issue currency | Ruble |
| Issue amount | 50,000,000,000 |
| Placement date | 20.12.2024 |
| Redemption date | 17.12.2027 |
| ISIN Reg No | RU000A10AF49 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Exchange-traded bonds, interest-bearing, non-convertible, uncertificated, series 002R-04 |
| Coupon | 1–42 coupons — the arithmetic mean of RUONIA rates for the period starting 7 days before the start date and ending 7 days before the end date of the current coupon period + spread. Spread = 1.4% |
| Placement price | 100% |
| Issue currency | Ruble |
| Issue amount | 17,000,000,000 |
| Placement date | 28.03.2024 |
| Redemption date | 23.09.2027 |
| ISIN Reg No | RU000A1083U4 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Exchange-traded bonds, interest-bearing, non-convertible, uncertificated, series 002R-05 |
| Coupon | 1–14 coupons: RDij = R + S, where R — value of the key rate of the Bank of Russia for the 7th day preceding the Dij date, published on the official website of the Bank of Russia on the Internet; Dij — calendar date falling on each (except the first) j-th day of the i-th coupon period, for which the income is calculated; S — spread, in percent per annum (S = 1.3%) |
| Placement price | 100%. |
| Issue currency | Ruble |
| Issue amount | 25,000,000,000 |
| Placement date | 28.03.2024 |
| Redemption date | 23.09.2027 |
| ISIN Reg No | RU000A1083W0 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Exchange-traded bonds, interest-bearing, non-convertible, uncertificated, series 002R-06 |
| Coupon | 1–16 coupons: RDij = R + S, where R — value of the key rate of the Bank of Russia for the 7th day preceding the Dij date, published on the official website of the Bank of Russia on the Internet; Dij — calendar date falling on each (except the first) j-th day of the i-th coupon period, for which the income is calculated; S — spread, in percent per annum (S = 1.3%) |
| Placement price | 100% |
| Issue currency | Ruble |
| Issue amount | 17,000,000,000 |
| Placement date | 25.07.2024 |
| Redemption date | 20.07.2028 |
| ISIN Reg No | RU000A109312 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Commercial bonds, uncertificated, series KO-P02, non-convertible interest-bearing |
| Coupon | 5.50% |
| Placement price | 100% |
| Issue currency | AED |
| Issue amount | 38,000,000 |
| Placement date | 25.12.2024 |
| Redemption date | 22.12.2027 |
| ISIN Reg No | RU000A10AHF2 |
| Offer | – |
| Issuer | Mobile TeleSystems Public Joint Stock Company |
|---|---|
| Securities type | Interest-bearing bonds, uncertificated, series 001-02 |
| Coupon | 1–36 coupons: RDi = R + S, where RDi — the interest rate on each date Di, in percent per annum; R — value of the key rate of the Bank of Russia for the 7th day preceding the Di date, published on the official website of the Bank of Russia on the Internet; Di — calendar date of the i-th coupon period for which the income is calculated; S — spread, in percent per annum (S = 0%) |
| Placement price | 100%. |
| Issue currency | Ruble |
| Issue amount | 5,000,000,000 |
| Placement date | 26.08.2024 |
| Redemption date | 11.08.2027 |
| ISIN Reg No | RU000A109A00 |
| Offer | – |
Interaction with Shareholders and Investors
One of the key objectives of MTS is to maintain strong and trust-based relations with shareholders and investors, based on direct dialogue in accordance with prevailing legislation and best practices.
The Company has an efficient information disclosure system that complies with the requirements of listing rules on the Moscow Stock Exchange. Following the principle of general availability, the Company publishes notices of material events on various platforms, including the Russian Information Agency (news feed), as well as on its official website in Russian and in English. The “For Investors and Shareholders” section as well as the MTS website for investors includes internal corporate documents, annual reports, sustainability reports, materials for shareholder meetings, information on the registrar and auditor, information on dividend policy, financial reporting for IFRS and RAS, quarterly disclosures of MTS Group results in the form of a press release and presentation, instructions on the ADR program completion and conversion of depositary receipts into ordinary shares.
In 2024, the MTS IR team issued more than 20 press releases and blog posts, took part in conferences organized by investment banks, as well as analytical communities for retail investors.
Interaction with shareholders and investors is being improved constantly by the company’s management and investor relations team. The company analyzes the best practices of other organizations continually and monitors changes in legislation in the field of corporate governance.
If any questions related to MTS activities arise, investors may contact the services for interaction with shareholders and investor relations.
Contact Information for Investors and Shareholders
MTS PJSC Corporate Governance Department:
Phone: +7 (495) 911 6555.
Fax: +7 (495) 911 6569.
E-mail: shareholder@mts.ru
MTS PJSC Investor Relations and Capital Markets Center:
Phone: +7 (495) 223 2025.
E-mail: ir@mts.ru
Investor’s Calendar for 2025
The investor calendar is posted on the MTS website
Issues of Interest for Investors in 2024
Macroeconomic issues:
- main macroeconomic parameters and their impact on the Company’s business;
- impact of monetary policy on the Company’s performance.
Industry-specific issues:
- competitive environment;
- rate policy;
- telecom industry support measures;
- equipment procurement.
Issues related directly to the company’s business and performance:
- dividend policy and dividend payments;
- management of treasury shares;
- drivers of the Company’s growth and results of the Group’s Companies, including Telecom, Fintech, Media Holding, Retail, Adtech, etc.;
- debt load of the Company;
- new product and service development;
- ecosystem development strategy;
- allocation of tower assets and their potential sale;
- sale of subsidiary business in Armenia;
- capital investment in the development of the network and digital ecosystem;
- closure of the ADR program and conversion of depositary receipts into ordinary shares in MTS.
Interaction with retail investors
In December 2024, the company held a large online meeting with investors “MTS in the Long Run”, at which a new stage of business transformation was announced. More than 2,000 people watched the online broadcast.
Interaction with shareholders and investors is being improved constantly by the company’s management and investor relations team. The company analyzes the best practices of other organizations continually and monitors changes in legislation in the field of corporate governance.
The number of individual shareholders increased by 11.8% to 593.7 thousand people, the average shareholding of individual shareholders increased by 22% to 321.7 shares.
11.8%
an increase in the number of individual shareholders in 2024
22%
an increase in the average stake of individual shareholders in 2024
Dynamics of the number of individual shareholders
thousand
Dynamics of the average shareholding of individual shareholders
shares
