This press release is not an offer for sale of the securities in the United States, and the securities may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of the securities in the United States will be made by means of a prospectus containing detailed information regarding MTS and the company’s management, including financial statements. Such a prospectus is available through the company. The company has registered the offer in the United States.
Moscow, Russia — July 18, 2000 — Mobile TeleSystems [NYSE: MBT] today announced that on behalf of the syndicate of its recent initial public offering, the joint Global Co-ordinators have exercised their over-allotment option to purchase an additional 2,251,592 American Depositary Shares representing 45,031,840 common shares, from the company at the initial public offering price of $21.50 per ADS.
The total net proceeds, including the exercise of the over — allotment option, of the initial public offering are approximately $353,508,000. The proceeds represent new financing to MTS.
The company’s initial public offering was managed by Deutsche Bank and ING Barings. Copies of the final prospectus relating to the offering may be obtained from Deutsche Banc Alex. Brown at, 31 West 52nd Street, New York, NY 10019 and ING Barings LLC at, 55 East 52nd Street, New York, NY 10055.
MTS is headquartered at 4, Marksistskaya Street in Moscow, Russia.
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For further information contact:
MTS
Press Secretary
Eva Prokofyeva
Tel: +7 (095) 104-49-38
Gavin Anderson and Company
Scott Tagliarino
Managing Director
Tel: +1 (212) 515-19-00
Mobile: +1 (917) 375-35-55 |
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