Remuneration paid to members of the Board of Directors

The procedure and terms of remuneration payment to members of the Board of Directors of MTS PJSC are defined in accordance with the Regulations on remunerations and compensations paid to members of the Board of Directors of MTS PJSC Website .

The remuneration system applicable to the members of the Board of Directors provides for approach of financial interests of directors with long-term financial interests of shareholders.

Detailed information is disclosed in clause 4.2.1. Report on the fulfilment of the principles and recommendations of the Corporate Governance Code.

Remuneration paid to members of the Board of Directors in 2020
Indicator Name Total, RUB
Remuneration for participation in operations of the management body 166,121,304.55
Cost compensations 577,424.10
TOTAL 166,698,728.65

What is remuneration made of?

The remuneration is paid to directors not being employees and members of the executive bodies of MTS, companies of the MTS Group, as well as the controlling shareholder of MTS or persons controlled by it. Overheads are compensated to all directors in accordance with actually made and documented target expenses.

TOTAL AMOUNT:

CHAIRMAN/
OTHER DIRECTORS

no more than $600,000 for the chairman

no more than $500,000 for other directors

01 \

BASIC REMUNERATION
+

CHAIRMAN/DIRECTOR

$400,000 / $300,000
  • paid for performing the duties of a member of the Board of Directors of the Company during the Corporate Year

02 \

REMUNERATION FOR SITTING ON COMMITTEES
+

CHAIRMAN/DIRECTOR

$50,000 / $30,000 for sitting on a mandatory committee
$30,000 / $25,000 for sitting on another committee
$50,000 / $30,000 for sitting on a special committee
  • paid for fulfilment of additional obligations related to work on the Committees under the Board of Directors

03 \

GRANTING OF SHARES
  • additional remuneration in the form of remuneration with shares is paid following work results for the corporate year. There are restrictions in respect to shares The Director is not entitled to alienate or otherwise dispose of the Shares received as a remuneration within three years from the date of the first receipt of the shares as a Remuneration.