Sistema PJSFC (Sistema, the Corporation or, together with its subsidiaries and affiliates, the Group) (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, notes the announcement by its subsidiary, Segezha Group PJSC (Segezha Group or the Company) regarding the indicative price range for its initial public offering (the Offering) and planned listing of ordinary shares (the Offer Shares) on Moscow Exchange and the publication of the offering memorandum in relation to the Offering (the Offering Memorandum).
Expected Offering highlights
The indicative Price Range in the respect of the offering has been set between RUB 7.75 and RUB 10.25 per Offer Share.
In the Offering, the Company expects to issue new shares representing up to an additional 32.4% of its current share capital, raising at least RUB 30 billion. This would result in an expected market capitalization for Segezha Group of between RUB 122.5 billion and RUB 152.4 billion on a post-money basis.
In addition, Sistema and/or one of its fully owned subsidiaries, is expected to make available further shares pursuant to an over-allotment option of up to 15% of the total number of shares offered in the Offering. Sistema will remain the majority shareholder of Segezha Group following completion of the Offering.
Full text of the announcement is available at Segezha Group website https://segezha-group.com/en/press-center/news/segezha-group-announces-indicative-price-range-for-ipo-and-planned-listing-on-moscow-exchange/.
Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets 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 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com.
For further information, please visit www.sistema.com or contact:
Phone: +7 (495) 730 66 00
Phone: +7 (495) 228 15 32