SECURITIES

The authorised capital of PJSC UAC is divided into 361,500,994,430 ordinary registered shares with a nominal value of RUB 0.86 each.

As of 31 December 2017, the number of uncertificated shares of PJSC UAC totalled 447,615,343,755 (including 86,114,349,325 additional outstanding shares issued as part of the non-completed secondary offering).

Share capital structure

The Corporation’s majority shareholder is the Russian Federation represented by the Federal Agency for State Property Management, with an equity holding of 92.31% (of the outstanding shares). The remaining amount of shares is held by Vnesheconombank (4.47%) and private investors (3.22%). There are no preferred shares. In 2018 the secondary offering of ordinary shares was completed (state registration No. 1-02-55306-Е-003D of 26 May 2016, ISIN code RU000A0JWLC2) in the amount of 86,114,349,325 shares with a nominal value of RUB 0.86 each.

Share capital structure, as of 31 December 2017

Shareholder
Share, % (including additional shares issued)
Number of shares
Russian Federation represented by the Federal Agency for State Property Management
92,31%
413 196 625 175

Bank for Development and Foreign Economic Affairs (Vnesheconombank) State Corporation
4,47%
20 000 000 000

Private shareholders
3,22%
14 418 718 580

Share capital structure, as of 31 December 2016

Shareholder
Share, % (including additional shares issued)
Number of shares
Russian Federation represented by the Federal Agency for State Property Management
91,21%
357 173 463 360

Bank for Development and Foreign Economic Affairs (Vnesheconombank) State Corporation
5,11%
20 000 000 000

Private shareholders
3,68%
14 418 718 580

Trading securities on Stock Exchanges

Since 2013, the shares of PJSC UAC have been traded on Moscow Exchange (MOEX), Russia’s leading exchange platform, under the ticker symbol UNAC (security name iAviastCao).

On 30 January 2014 the ordinary shares of PJSC UAC were included in in Quotation List “B” of the Moscow Exchange. On 9 June 2014, as part of the MICEX listing reform, the ordinary shares of PJSC UAC were transferred from the Quotation List “B“ to the Second-Tier Index of the Moscow Exchange.

On 17 April 2014 the Moscow Exchange admitted the ordinary shares of PJSC UAC for trading on the Innovation and Investment Market (iIM), an exchange platform used to attract investment to the innovation active industry. Joining the iIM has enabled the Corporation to obtain comprehensive marketing, information and analytical support from the Moscow Exchange.

On 1 February 2017 the ordinary shares of PJSC UAC were included in the premium segment iIM-Prime. Pursuant to the decision of the Moscow Exchange, the shares of PJSC UAC are included in the calculation base of the following indices:

Index
Weight
MICEX Innovation Index, MICEX INNOV
15%

State-owned Companies Index (SCI)
1,69%

Share price performance, ordinary shares of PJSC UAC (copecks) and changes in the trade volume (million shares) in 2017 г.


Share price performance, ordinary shares of PJSC UAC, and stock indices, 2015−17


Dividend policy

The dividend policy of PJSC UAC was developed in line with the Russian legislation and the Corporation’s Charter and was approved in 2013. The main objectives of the PJSC UAC dividend policy are as follows:
• Facilitating an increase of investment attractiveness and market capitalisation;
• Ensuring the increase of shareholder wealth through the payment of dividends and increased market capitalisation;
• Achieving a balance of interests between the shareholders and the Corporation in net profit distribution.

The dividend depends on the Corporation’s net profit calculated on the basis of the RAS financial statements. Under the current legislation and in line with the Dividend Policy of PJSC UAC, the Company may decide on (declare) the payment of financial year-end dividend, as well as of dividend for Q1, six months, or nine months (interim dividend).

In 2014, for the first time in five years, PJSC UAC announced its decision to pay dividend. The total amount of declared dividend for 2013 was RUB 179,653,000 or RUB 0.0007793 per share, an equivalent of 25.6% of net profit (RAS) for the year preceding the reporting period.

On 30 June 2015 the General Shareholder Meeting passed a decision to distribute 25% of net profit (RAS) for 2014 as dividends, excluding currency effects, which amounted to RUB 465,016,000, or RUB 0.001971 per share.

In line with the decisions of General Shareholder Meeting, dividend on PJSC UAC shares was not paid for 2015―17, due to the absence of net profit in the relative reporting periods.

1In 2017 the net profit of PJSC UAC was RUB 196,138,000. As of 31 December 2017, the net asset value stood at RUB 301,598,224,000, which is below the authorised capital amount (RUB 310,890,855,000) and the reserve fund amount (RUB 923,103,000). Thus, pursuant to Article 43 of the Federal Law 208-FZ “On Joint Stock Companies” of 26 December 1995, the Corporation could not make a decision on the payment of dividends.
Indicator
2014
2015
2016
20171
Declaration date
30 June 2015
28 June 2016
30 June 2017

Record date
11 July 2015

Net profit in the reporting year, RUB ‘000
8 407 860
(9 412 244)
(3 160 546)
196 138

Amount of declared dividend, RUB ‘000
465 016

Share of declared dividend in the net profit in the reporting year
5,5%

Dividend per share, RUB
0,001971

Market price per one share as of declaration date, RUB
0,276

Dividend yield
0,7%

Bonds

In 2011 PJSC UAC issued 46,280,000 interest-bearing inconvertible bonds with a nominal value of RUB 1,000 each with a maturity period of 3,290 days, with a coupon of 8% per annum (state registration date: 22 February 2011, State Registration No. 4-01-55306-E). Observance of obligations with respect to payment of the nominal value of bonds upon redemption thereof is secured by the state guarantee of the Russian Federation.

PJSC UAC series 01 bonds

Security type
Interest-bearing, non-convertible
Date of state registration of the issue
22 February 2011
Currency of the issue
Russian Rouble
Issue amount (at par value)
RUB 46,280,000,000
Coupon percent rate
8,0% per annum
Coupon period
Coupon 1–17—182 days, coupon 18—196 days
Placement date
15 March 2011
Maturity date
18 March 2020
ISIN code of issue
RU000A0JRA65

Trading PJSC UAC Bonds on Stock Exchanges


Trade organiser
CJSC MICEX Stock Exchange
Issue of shares permitted for trading
4-01-55306-E of 22 February 2011
Security Identification Code
RU000A0JRA65
Security Name at CJSC MICEX Stock Exchange
ОАК1 (UAC1)
Trading commencement date at CJSC MICEX Stock Exchange
15 March 2011
Listing level
Level 3

Additional information

Web pages used by the issuer for information disclosure purposes: the web site of the Corporation, and the web page of the Corporate Information Disclosure Centre.

The Investor Calendar and the list of upcoming events with the participation of PJSC UAC are available at the Corporate web site in the Investors and Shareholders section.

INVESTOR RELATIONS:

Tel.: +7 4959261420
E-mail: ir@uacrussia.ru

Next

Annex 1. Risk management

Structure
Scroll to top