Moscow, 13 May 2020 – Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, announces that its wholly-owned subsidiary Sistema Finance S.A. has sold 778,144 ordinary shares of PJSC MTS (hereinafter, "MTS") to a wholly-owned subsidiary of MTS, LLC Bastion (the “Purchaser"), as part of MTS share buyback programme announced by MTS on 20 March 2020 (the “Programme"). The amount of the transaction is RUB 240 mn.
In accordance with the terms of the Programme and the agreement between Sistema Finance S.A. and the Purchaser, the number of MTS shares to be transferred by Sistema Finance S.A. in this transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser from the third parties in April 2020 pro-rata to Sistema Group’s effective equity stake in MTS. As a result of the transaction Sistema Group's effective stake in MTS amounted to 50.0207%.
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Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2019 was RUB 656.9 billion; total assets equalled RUB 1.3 trn as of 31 December 2019. Sistema’s global depositary receipts are listed under the “SSA” ticker on the London Stock Exchange. Sistema’s ordinary shares are listed
For further information, please visit www.sistema.com or contact:
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IR Service
Nikolay Minashin
Phone: +7 (495) 730 66 00
n.minashin@sistema.ru |
Press Service
Sergey Kopytov
Phone: +7 (495) 228 15 32
kopytov@sistema.ru
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