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Transaction under the MTS share buyback programme

Fri, 6th Oct 2017 16:00


RNS Number : 9847S
Sistema PJSFC
06 October 2017
 

 

 

 

 

 

 

 

 

Information on a transaction under the MTS share buyback programme

 

Moscow, 6 October 2017 - Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that its subsidiary Sistema Finance S.A. sold 8,456,757 ordinary shares of PJSC MTS (hereinafter, "MTS") to a subsidiary of MTS, LLC Stream Digital ("the Purchaser"), as part of the MTS share buyback programme ("the Programme"), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of the transaction was approximately RUB 2,387.6 million.

 

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 September 2017 in proportion to Sistema Group's effective equity stake in MTS.

 

Sistema Group's effective stake in MTS has not changed as a result of the Programme and equals 50.004% as of 6 October 2017.

***

For further information, please visit www.sistema.ru or contact:

IR division

Yury Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Press Service

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

***

This announcement contains inside information. Full name and position of person making the announcement - Yury Krebs, Director, Investor Relations

Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in such sectors as telecommunications, retail, paper and packaging, agriculture, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2016 reached RUB 697.7 billion; its total assets equalled RUB 1.1 trillion as of 31 December 2016. Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.ru  


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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