2 Aug 2016 17:50
FOR IMMEDIATE RELEASE 2 August 2016
Acquisition of Sistema shares by members of the Management Board
Moscow, Russia - August 2, 2016 - Sistema PJSFC ("Sistema" or "the Company") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces that members of the Company's Management Board have acquired Sistema ordinary shares. Details on the acquisitions are as follows:
Name and position | Number of shares acquired | Share of Sistema owned following the acquisition |
Oleg Mubarakshin, Senior Vice President, Head of Legal | 4,699,800 | 0.1685% |
Vsevolod Rozanov, Senior Vice President, Chief Financial Officer | 749,000 | 0.0852% |
The shares were acquired as part of the previously announced programme for senior management of the Company to participate in the share capital of Sistema, whereby heads of Sistema's functional subdivisions invest part of their total annual income in the Company's shares every year.
For further information, please visit www.sistema.com or contact:
Investor Relations Yuri Krebs Tel: +7 (495) 730 66 00 y.krebs@sistema.ru
| Public Relations Sergey Kopytov Tel.: +7 (495) 228 15 32 kopytov@sistema.ru
|
Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving approximately 150 million customers in the sectors of telecommunications, high technology, pulp and paper, banking, retail, tourism and healthcare services. Founded in 1993, the Company reported revenues of RUB 708.6 billion for 2015, and total assets of RUB 1.3 trillion as at 31 December 2015. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the Moscow Exchange. Website: www.sistema.com