Moscow, Russia – July 1, 2016 – Sistema JSFC (“Sistema” or “the Company”) (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces that members of the Company’s Management Board have acquired Sistema ordinary shares. Details on the acquisitions are as follows:
|
Name and position |
Number of shares acquired |
Share of Sistema owned following the acquisition |
|
Mikhail Shamolin, President |
3,464,100 |
0.2305% |
|
Elena Vitchak, Vice President, Head of Human Resources |
338,000 |
0.0318% |
|
Evgeniy Chuikov, Vice President, Head of Corporate Communications |
1,293,300 |
0.0242% |
The shares were acquired as part of the previously announced programme for senior management of the Company to participate in the share capital of Sistema, whereby heads of Sistema's functional subdivisions are required to invest a part of their total annual income in the Company's shares.
For further information, please visit www.sistema.com or contact:
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