19 Feb 2018 16:28
Removal of restrictive measures on shares of Detsky Mir and BPGC
Moscow, Russia - 19 February 2018 - Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS) a publicly traded diversified Russian holding company, announces that the Arbitration Court of the Republic of Bashkortostan (the "Court") on 19 February 2018 lifted the arrest of 52.09% of the share capital of PJSC Detsky Mir and 90.47% of the share capital of JSC Bashkirian Power Grid Company ("BPGC") belonging to the Corporation and its subsidiary Sistema-Invest.
The Court also removed the previously imposed limitations on the right of Sistema to receive income on the securities of Detsky Mir and BPGC.
The court orders were adopted by the Court on account of the Settlement Agreement concluded with PJSOC Bashneft, Rosneft and the Republic of Bashkortostan.
The Court's ruling is subject to immediate implementation, including by the Federal Bailiff Service according to the procedure established by law.
***
For further information, please visit www.sistema.ru or contact:
Investor Relations 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. Sistema's revenues for 9M 2017 reached RUB 509.6 billion and its total assets amounted to RUB 1.2 trillion as of 30 September 2017. 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