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EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Tender Offer/Statement
PJSC MegaFon: PJSC 'MegaFon' announces the obligation of Limited Liability
Company 'MegaFon Finance' to purchase ordinary shares under the Mandatory
Tender Offer
2019-03-11 / 20:00 MSK
The issuer is solely responsible for the content of this announcement.
*PJSC "MegaFon" announces the obligation of Limited Liability Company
"MegaFon Finance" to purchase ordinary shares under the Mandatory Tender
Offer*
*Moscow, Russian Federation (11 March 2019)* - Public Joint Stock Company
"MegaFon" (MoEx: MFON), a pan-Russian operator of digital opportunities
("MegaFon" or the "Company"), announces that earlier today the Company
received a notice from "MegaFon Finance" LLC ("MegaFon Finance") on
conclusion of the agreement providing an obligation for the latter to
purchase for cash 126,246,094 issued and outstanding ordinary shares, of RUB
0.1 nominal value per share, of MegaFon ("Ordinary Shares") under the
Mandatory Tender Offer.
Pursuant to the terms of the Mandatory Tender Offer, as previously announced
at:
https://corp.megafon.com/investors/news/capital_market_releases/20181227-103
0.html [1], MegaFon Finance offered to purchase up to 131,212,843 Ordinary
Shares, representing 21.16% of the issued and outstanding ordinary shares of
the Company, at a purchase price of RUB 659.26 per one Ordinary Share. The
period for acceptance of the Mandatory Tender Offer was 70 days from 28
December 2018 until 7 March 2019, inclusive.
As notified by MegaFon Finance, as of the close of business on 7 March 2019,
126,246,094 (One hundred twenty six million two hundred forty six thousand
ninety four) Ordinary Shares had been tendered by the Company's shareholders
for sale pursuant to the Mandatory Tender Offer, representing 20.36% of
MegaFon's share capital. Accordingly, MegaFon Finance has made the agreement
to purchase the aforesaid amount of Ordinary shares, subject to applicable
settlement procedures set out in the Mandatory Tender Offer documentation,
as reported at:
https://corp.megafon.com/investors/stock_and_capital/mandatory_tender_offer/
?int_campaign=320&int_b=1424 [2].
*For More Information:*
PJSC "MegaFon"
Investors: Dmitry Kononov
Director for Investor Relations and M&A Tel: +7 926 200-64-90
dkononov@megafon.ru
Media: Artem Lebedev
Director for Corporate Communications Tel: +7 925 696-06-77
artem.lebedev@megafon.ru
*Notes to Editors*
*MegaFon PJSC* is a leading Russian integrated telecommunication service
provider, 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.
*Statement Regarding Inside Information*
Some of the information in this document may be inside information. The
subject matter, the identity of the issuer, the identity of the persons
making the notification and their titles, and the date and time of the
notification are all as set forth above.
2019-03-11 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
786221 2019-03-11 MSK
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=83156fc72de2876e193138314c7187b4&application_id=786221&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=fe037568ee922dedbad4a011d2e40721&application_id=786221&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ef92790d0a6b4db8448eeb56ca25d5c2&application_id=786221&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 11, 2019 13:00 ET (17:00 GMT)
