Number of Company shares at the disposal of the Company:
In the reporting year, there were no Company shares at the disposal of the Company.
The number of shares in the Company held by the legal entities under its control: 1,976,170 shares (1.0993% of the charter capital) are owned by MVM LLC. Category, share type: ordinary registered.
Capital movements for the year
(changes in the number of entities that have the right to directly or indirectly control at least 5% of the votes attributable to the voting shares of the Company), %
|SHAREHOLDER NAME||SHARE IN CHARTER CAPITAL AS OF DECEMBER 31, 2020||SHARE OF VOTES AS OF DECEMBER 31, 2020||SHARE IN THE CHARTER CAPITAL AS OF DECEMBER 31, 2019||SHARE OF VOTES AS OF DECEMBER 31, 2019|
|Ericaria Holdings Limited||63.5058||63.5058||73.5058||73.5058|
|MS CE Retail GmbH||0||0||15||15|
|Weridge Investments Limited||9.9999||9.9999||0||0|
During the reporting year, the share of Ericaria Holdings Limited in the Company’s charter capital decreased from 73.5058% to 63.5058%.
In the reporting year, Weridge Investments Limited acquired a share in the Company’s charter capital in the amount of 9.9999%.
In the reporting year, the share of MS CE Retail GmbH in the Company’s charter capital decreased from 15% to 0%.
In the reporting year, Media-Saturn-Holding GmbH acquired a 15% share in the Company’s charter capital.
The total number of persons with non-zero balances in personal accounts registered in the register of Company shareholders, as of the date of the end of the reporting year: 19 .
The total number of nominee Company shareholders: one.
The total number of individuals included in the last list of persons who had (have) the right to participate in the General Meeting of Shareholders of the Company (another list of individuals is drawn up for the purpose of exercising (implementing) rights to the shares of the Company and for the compilation of which nominal shareholders of the Company provided data on persons in whose interests they owned (own) shares of the Company): 20,155.
The date of compilation of the list of persons included in the last list of persons who had (at present or in the past) the right to participate in the General Meeting of Shareholders of the Company (another list of persons drawn up for the purpose of exercising rights to the shares of the Company and for which nominee holders shares of the Company provided data on persons in whose interests they own (at present or in the past) shares of the Company): December 4, 2020.
Holders of ordinary Company shares that were to be included in such a list: 20,155.
The Company’s executive bodies declare that the Company does not possess any information about the existence of ownership interests in shares exceeding 5%, in addition to those already disclosed by the Company.
The Company has no information about the acquisition / possible acquisition by certain shareholders of a degree of control disproportionate to their participation in the Company’s equity, including on the basis of shareholder agreements or due to the presence of common and preferred shares with different nominal values.
The charter capital of PJSC M.video is RUB 1,797,682,270. The charter capital is formed by the placing of 179,768,227 ordinary registered nondocumentary shares with a par value of RUB 10 each among shareholders. The Company’s charter capital has been paid in full.
|Type of securities||Shares (nominal)|
|Stock category||Ordinary shares|
|Form of securities||Nondocumentary|
|State registration number of the securities issue and the date of the state registration||1-02-11700-А August 23, 2007|
|Par value of each share||RUB 10|
|Total number of outstanding shares||179,768,227|
|Number of additional shares in the process of placement||0|
|Number of authorized shares||30,000,000 ordinary nominal nondocumentary shares, each with par value of RUB 10|
Shares included in the main Russian stock indexes:
|TYPE AND CATEGORY OF SECURITY||Ordinary share|
|LISTING||Level 1 (highest) quotation list|
In 2020, the shares of PJSC M.video showed a steady upward trend: the price growth amounted to 34.4% from the beginning of the year. On October 27, the day of the announcement of successful results for the third quarter, the Group’s shares reached an all-time high of RUB 775 per share on the Moscow Exchange. The liquidity of the shares also increased: in November, the average daily trading volume (ADTV) reached a record RUB 267 million, breaking the previous October record of RUB 242 million.
Category of the shares : ordinary shares.
Individual state registration number of the securities issue/ISIN: 1-02-11700-A.
Date of state registration : August 23, 2007.
The dividend policy is an important factor in terms of the Group's investment case; it is necessary to take into account both the need to finance the long-term growth of the Company and the desire to balance the interests of key stakeholders and shareholders.
In February 2021, the Group's Board of Directors approved a new dividend policy, according to which:
The new dividend policy reflects the Company’s focus on capital distribution and regular dividend payments to shareholders. The policy fully takes into account the company’s capital structure and its capital expenditure needs, including all new strategic initiatives and further digital transformation, and also provides flexibility to ensure financial stability in the implementation of the new strategy. At the same time, the new policy provides a more transparent mechanism for investors to assess potential dividend income.
|Reporting period||Total amount of the declared dividend, RUB||Amount of the declared dividend per share, RUB||Declared dividend's share of net profit, %||Total amount of the paid-out dividend, RUB||Governing body that made the resolution, date of the resolution, date and number of the minutes of Meeting (session) of the governing body where such resolution was made|
|2012 and 9M 2013||2,480,801,532.6||13.8||31.01||2,480,801,532.6||General Meeting of Shareholders
Date of the resolution: December 11, 2013
Date of the minutes: December 13, 2013
Minutes No. 17
|2013||3,595,364,540||20||73.86||3,595,364,540||General Meeting of Shareholders
Date of resolution: June 17, 2014
Date of the minutes: June 20, 2014
Minutes No. 18
|9M 2014||4,494,205,675||25||98.34||4,494,205,675||General Meeting of Shareholders
Date of resolution: 05.12.2014
Date of the minutes:08.122014
Minutes No. 19
|2014||4,853,742,129||27||53||4,853,742,129||General Meeting of Shareholders
Date of resolution: December 5, 2014
Date of the minutes: December 8, 2014
Minutes No. 19
|2015||3,595,364,540||20||99.86||3,595,364,540||General Meeting of Shareholders
Date of resolution: June 20, 2016
Date of the minutes: June 23, 2016
Minutes No. 21
|2016||General Meeting of Shareholders held on June 5, 2017 (Minutes No. 22 of June 8, 2017), decided not to pay dividends for 2016.|
|2017||General Meeting of Shareholders held on June 29, 2018 (Minutes No. 26 of July 2, 2018), decided not to pay dividends for 2017.|
|2018||General Meeting of Shareholders held on June 26, 2019 (Minutes No. 28 of June 28, 2019), decided not to pay dividends for 2018.|
|9M 2019||5,998,865,734.99||33.37||97.83||5,998,865,734.99||General Meeting of Shareholders
Date of resolution: December 3, 2019
Date of the minutes: December 3, 2019
Minutes No. 29
|2019||5,393,046,810||30.00||39.07||5,393,046,810||General Meeting of Shareholders
Date of resolution: November 9, 2020
Date of the minutes: November 10, 2020
Minutes No. 31
On March 12, 2021, M.Video–Eldorado Group announced the successful completion of a secondary public offering (SPO), which increased the Company’s free float to 24%. The SPO offered 24,279,174 shares of PJSC M.video, which were sold by Ericaria Holdings Limited at a price of RUB 725.00 per share.
In March 2020, the RAEX rating agency (Expert RA) confirmed the credit rating of PJSC M.video at ruA- with a positive outlook. The diversity of the Group's revenues from various regions and its strong and competitive position had a positive impact on the rating.
The agency also positively assessed the Company’s corporate risks due to the high quality of strategic support, risk management and corporate governance. In addition, the publication of information on material facts pertaining to the company’s activities and the disclosure of annual and quarterly reports in the public domain characterize a high level of information transparency on the part of the Company.
In March 2021, the Analytical Credit Rating Agency (ACRA) assigned PJSC M.video a credit rating of A+(RU) with a stable outlook. According to ACRA, the A+(RU) rating was based on the Company’s strong market position and its highly rated business profile.
ACRA experts pointed to the Company’s high level of corporate governance associated with the successful implementation of the Company’s business development strategy and its well-established management practices. The agency highlighted the regulated risk management procedures enabling the Company to minimize the major types of risk. ACRA noted the Company’s high degree financial transparency.
One of the Group's priorities is open and transparent relations with investors and shareholders based on applicable legislation and generally accepted world practice. Among the main features of this interaction are:
|28 January||Operating Results Announcement, Q4 and 2019|
|24 March||IFRS Results Announcement, 2019|
|28 April||Operational Results Announcement, Q1 2020|
|23 July||Operational Results Announcement, Q2 and H1 2020|
|24 August||IFRS Results Announcement, H1 2020|
|27 October||Operational results announcement – Q3 and 9 months 2020|
Lists of transactions made and approved in 2020 and recognized under the Federal Law on Joint-Stock Companies as material or interested party transactions could be found in the Annexes to the Annual Report (in Russian).
Full company name: Joint-Stock Company Service-Register
Short company name: JSC Service-Register
Location: 12 Sretenka St., Moscow 107045
Postal address: 12 Sretenka St., Moscow 107045
Taxpayer number: 8605006147
OGRN code: 1028601354055
Phone, fax: +7 (495) 608-10-43, +7 (495) 783-01-62
Full company name: Public Joint-Stock Company M.video
Short company name: PJSC M.video
The Company was created as a result of the reorganization M.video Limited Liability Company.
Date of the state registration: September 25, 2006
Primary State Registration Number: 5067746789248
1 Last trading day of the year.
2 Net Profit adjusted for profits/(losses) in associates and joint ventures.