Moscow, 07 August 2018 – Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, announces that its subsidiary Sistema Finance S.A. sold 3,947,262 ordinary shares of PJSC MTS (hereinafter, "MTS") to a subsidiary of MTS, LLC Bastion ("the Purchaser"), as part of the MTS share buyback programme in the amount up to RUB 30.0 bn, which was approved by the Board of Directors of MTS in June 2018 and will be effective until July 2020 ("the Programme"). The amount of the transaction was approximately RUB 1.07 bn.
In accordance with the terms of the Programme, the number of shares for the purpose of the transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser in the open market in July 2018 in proportion to Sistema Group’s effective equity stake in MTS.
As a result of implementation of the Programme in July 2018, Sistema Group's effective stake in MTS remained unchanged at 50.0048%.
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For further information, please visit www.sistema.com or contact:
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Investor Relations
Nikolai Minashin
Tel: +7 (495) 730 66 00
n.minashin@sistema.ru |
Public Relations
Sergey Kopytov
Tel.: +7 (495) 228 15 32
kopytov@sistema.ru
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