EQS-News: PJSC MegaFon: MEGAFON FINANCE LLC CANCELLED THE GLOBAL DEPOSITARY RECEIPTS HELD BY IT AND SUBMITTED A MANDATORY TENDER OFFER TO ACQUIRE PJSC MEGAFON SHARES TO THE CENTRAL BANK OF RUSSIA FOR REVIEW

Dow Jones received a payment from EQS/DGAP to publish this press release.

EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Statement/Share 
Buyback 
PJSC MegaFon: MEGAFON FINANCE LLC CANCELLED THE GLOBAL DEPOSITARY RECEIPTS 
HELD BY IT AND SUBMITTED A MANDATORY TENDER OFFER TO ACQUIRE PJSC MEGAFON 
SHARES TO THE CENTRAL BANK OF RUSSIA FOR REVIEW 
 
2018-12-12 / 10:00 MSK 
The issuer is solely responsible for the content of this announcement. 
 
*MEGAFON FINANCE LLC CANCELLED THE GLOBAL DEPOSITARY RECEIPTS HELD BY IT AND 
SUBMITTED A MANDATORY TENDER OFFER TO ACQUIRE PJSC MEGAFON SHARES TO THE 
CENTRAL BANK OF RUSSIA FOR REVIEW* 
 
*Moscow, Russian Federation (12 December 2018) - Public Joint Stock Company 
"MegaFon" (MoEx: MFON), a pan-Russian operator of digital opportunities 
("MegaFon" or the "Company"), announces that MegaFon Finance LLC ("MegaFon 
Finance"), a wholly-owned subsidiary of MegaFon, cancelled the global 
depositary receipts representing ordinary shares of the Company ("GDRs") 
that were held by it and submitted a mandatory tender offer to acquire the 
Company's shares to the Central Bank of Russia for review.* 
 
On 10 December 2018, MegaFon Finance cancelled all GDRs held by it and 
received the respective number of the Company's ordinary shares. Upon the 
cancellation of the GDRs, MegaFon Finance became the owner of 139,616,537 
ordinary shares of the Company, which, together with the shares held by its 
affiliates, constitutes 78.84% of MegaFon's share capital. MegaFon Finance 
has crossed over the 75% threshold and intends to make a mandatory tender 
offer to the shareholders of the Company to acquire the Company's shares 
held by them in accordance with the procedure and within the term set forth 
by the Federal Law "On Joint Stock Companies". 
 
MegaFon Finance informed the Company that on 11 December 2018 it submitted 
the mandatory tender offer to the Central Bank of Russia for review and that 
it has obtained the required corporate and regulatory approvals for carrying 
out the mandatory tender offer to acquire ordinary shares of MegaFon. 
 
For the purposes of the performance by MegaFon Finance of its obligations to 
make the mandatory tender offer, the Company entered into a suretyship 
agreement with Bank GPB (JSC) for the amount of up to RUB 90 billion to 
secure performance of MegaFon Finance's obligations under the agreement for 
the issuance of the bank guarantee. 
 
As previously disclosed at: 
https://corp.megafon.com/investors/news/capital_market_releases/20181029-170 
1.html [1] and http://corp.megafon.com/press/news/20181106-0932.html [2], on 
16 October 2018 MegaFon Finance acquired 109,629,380 ordinary shares of the 
Company and 29,987,157 GDRs from MegaFon Investments (Cyprus) Limited, 
representing 17.68% and 4.84% of MegaFon's share capital respectively, 
which, together with ordinary shares held by its affiliate AF Telecom 
Holding LLC, then constituted 74.00% and 4.84% of MegaFon's share capital, 
respectively. 
 
For More Information: 
 
PJSC MegaFon 
 
Investors: Dmitry Kononov [phone] [e-mail] 
 
Director for Investor Relations and M&A 
 
Media: Artem Lebedev, [phone] [e-mail] 
 
Head for Media Relations 
 
*Notes to Editors* 
 
*MegaFon PJSC *is a pan-Russian operator of digital opportunities, operating 
in all segments of the telecommunications markets in Russia, and in the 
Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized 
market leader in the provision of mobile data services, was the first 
operator in Russia to launch commercial operation of a third generation (3G) 
network and was the first operator in the world to launch commercial 
operation of an LTE-Advanced (4G) data network. MegaFon is traded on the 
Moscow Exchange under the symbol MFON. Additional information about MegaFon 
and the products and services provided by MegaFon can be found at: 
http://www.megafon.ru [3]_._ 
 
*Cautionary Statement Regarding Forward-Looking Statements* 
 
Some of the information in this document may contain or refer to projections 
or other forward-looking statements regarding future events or the future 
financial performance of the Company. You can identify forward-looking 
statements by terms such as "expect", "believe", "anticipate", "estimate", 
"forecast", "intend", "will", "could", "may", or "might" the negative of 
such terms or other similar expressions. The Company wishes to caution you 
that these statements are only predictions, and are based upon various 
assumptions which are inherently subject to significant uncertainties and 
contingencies which are difficult or impossible to predict and are beyond 
our control. We may not achieve or accomplish these plans or predictions. 
The Company does not necessarily intend to update these statements to 
reflect events and circumstances occurring after the date hereof or to 
reflect the occurrence of unanticipated events. Many factors could cause the 
actual results to differ materially from those contained in projections or 
forward-looking statements of the Company, including, among others, general 
economic conditions, the competitive environment, risks associated with 
operating in Russia, rapid technological and market change in the industries 
in which the Company operates, as well as many other risks specifically 
related to the Company and its business and operations. 
 
2018-12-12 MSK Dissemination of a Corporate News, transmitted by 
EquityStory.RS, LLC - a company of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The EquityStory.RS, LLC Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
756935 2018-12-12 MSK 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=cc853fe82c088fce9f5d302a20490581&application_id=756935&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e446b5a7245810eed06de4c6cc99b1b2&application_id=756935&site_id=vwd&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ef92790d0a6b4db8448eeb56ca25d5c2&application_id=756935&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 12, 2018 02:00 ET (07:00 GMT)