Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all press releases

Mobile TeleSystems

March 20, 2020

MTS Board approves buyback program

MOSCOW, Russia — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces the approval of a buyback program by the company’s Board of Directors (“BoD” or “the Board”).

At a meeting on March 19, the Board approved a repurchase program of MTS shares of Common Stock (including shares of Common Stock represented by ADSs) in the amount of up to RUB 15 bn.

“Our solid results, steady outlook, strong balance sheet, and limited FX exposure lead us to believe that our share price is currently being fundamentally undervalued by the market,” said MTS President & CEO and Board Member Alexey Kornya. “This provides a timely opportunity to repurchase shares in line with the interests of all of our shareholders. This buyback program provides us the flexibility to take steps to support our share price, as well as reaffirms our confidence in the long-term performance of our business.”

* * *

For further information, please contact in Moscow
Investor Relations Department 
Mobile TeleSystems PJSC 
Tel: +7 495 223 2025 
E-mail: ir@mts.ru 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Coal Mining | Conglomerates | Construction Materials | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Ore Mining | Other | Other Extracting | Other Industrial | Other Service | Other Utilities | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer