Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces that Bastion LLC, the Company's wholly-owned subsidiary, purchased 4, 738, 524 shares of common stock from Sistema Finance S.A. (“Sistema Finance”), a Luxembourg-based subsidiary of the Company’s majority shareholder Sistema PJSFC. The shares represent 0.2371% of share capital issued by MTS. The amount of the transaction totaled RUB 1,212.4 mln.
Bastion LLC acquired the shares of common stock from Sistema Finance under a sale and purchase agreement concluded prior to the launch of MTS’s Repurchase Plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The agreement stipulates that Bastion LLC acquire a number of shares from Sistema Finance proportional to the number of MTS shares of common stock (including shares of common stock represented by ADSs) Bastion LLC acquires under the Repurchase Plan, such that Sistema’s (together with its affiliated entities) aggregate percentage ownership and voting power in the Company remained substantially equal to its ownership as at the date of the commencement of the Repurchase Plan on July 2, 2018.
Under Russian legislation, MTS is required to disclose any shares acquired by the Company or any of its subsidiaries. MTS will fully disclose the aggregate number of shares acquired during the period, what this represents in MTS’ share capital, as well as price paid, during its next quarterly disclosure.
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