MegaFon continues to work on increasing the transparency of its operations and maintaining ongoing interaction with its shareholders, investors, and other stakeholders. MegaFon adheres to the principles of transparency and accessibility of information, as required by the applicable laws of the Russian Federation and the United Kingdom, regarding mandatory disclosure of information on public companies. In particular, we are guided by the provisions of Russia’s Federal Law On Joint-Stock Companies, the Federal Law On Securities Market, and the Listing Rules of the Moscow Exchange and, since MegaFon lists its shares on the London Stock Exchange (LSE), we also comply with the Disclosure and Transparency Rules of the UK Financial Conduct Authority for “standard” companies and the LSE Listing Rules. At the same time, we learn from the experience of leading-edge international companies and strive to consistently implement the best practices applicable to disclosure and external communications coordination.
In 2016, we continued to maintain a dialogue with existing and prospective investors and analysts through regular quarterly and annual financial results announcements and direct communication during investment conferences, forums and roadshows. We follow a practice of issuing press releases covering our financial results and other matters of importance and making the Company’s top managers available through conference calls and meetings.
According to the principle of accessibility, the Company publishes news about its activities on the LSE website via its Regulatory News Service (RNS), on the website of the Russian authorised information agency, Interfax, at https://www.e-disclosure.ru/, and on the Company’s official website in the For Investors section at http://corp. megafon.com/investors/ and http://corp. megafon.ru/investoram/.
Corporate Action Notices and materials for general meetings of shareholders are uploaded to the UK national data storage system at www.morningstar.co.uk/uk/NSM. For each fiscal year ending 31 December, we publish audited consolidated financial statements prepared in accordance with IFRS. We also provide unaudited consolidated financial statements at the end of the first, second and third fiscal quarters.
For each fiscal year ending 31 December, we publish audited consolidated financial statements prepared in accordance with IFRS. We also provide unaudited consolidated financial statements at the end of the first, second and third fiscal quarters.
MegaFon is covered by analysts at leading international and Russian banks. As at the end of 2016, the Company’s GDRs were regularly covered by analysts at 18 investment banks.