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EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Tender Offer/Tender
Offer
PJSC MegaFon: Completion of the mandatory tender offer for the purchase of
ordinary shares of PJSC MegaFon made by MegaFon Finance
2019-03-20 / 09:10 MSK
The issuer is solely responsible for the content of this announcement.
*Completion of the mandatory tender offer for the purchase of ordinary
shares of PJSC MegaFon made by MegaFon Finance*
*Moscow, Russian Federation (20 March 2019)* Public Joint Stock Company
"MegaFon" (MoEx: MFON), a pan-Russian operator of digital opportunities
("MegaFon" or the "Company"), announces the completion of settlements under
the mandatory tender offer made by "MegaFon Finance" LLC ("MegaFon
Finance"), a wholly-owned subsidiary of MegaFon, to purchase ordinary shares
of MegaFon (the "Mandatory Tender Offer").
As previously announced:
http://corp.megafon.com/press/news/20181227-1030.html, the Mandatory Tender
Offer was made for 131,212,843 ordinary shares of the Company. The Mandatory
Tender Offer expired on 7 March 2019.
Pursuant to the Mandatory Tender Offer MegaFon Finance acquired 126,246,094
ordinary shares of the Company, which constitutes approximately 20.36% of
total outstanding shares of the Company, and, as a result, the number of
shares of the Company held by MegaFon Finance, together with ordinary shares
held by its affiliate AF Telekom Holding LLC, increased to approximately
99.2% ordinary shares of the Company.
Accordingly, pursuant to Federal Law No. 208-FZ on Joint Stock Companies
dated 26 December 1995 (the "JSC Law") MegaFon Finance has the right to
squeeze-out the shareholders of the Company in accordance with the procedure
set forth by article 84.8 of the JSC Law, or notify the shareholders of
their right to request that MegaFon Finance purchases the shares held by
them in accordance with the procedure set forth by article 84.7 of the JSC
Law.
-end-
*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
Important Information
This press release is not for release, publication or distribution, in whole
or in part, in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws of that jurisdiction.
This press release is for informational purposes and shall not constitute an
offer to purchase or a solicitation of an offer to purchase with respect to
any securities.
This announcement, and any investment activity to which it relates, is
available only to (i) persons who are outside the United Kingdom, or (ii)
investment professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), (iii) high net worth companies falling within Article 49(2) (a) to
(d) of the Order, or (iv) persons within the scope of Article 43 of the
Order, or (v) any other persons to whom it may otherwise be lawfully mad
under the Order (all such persons together being referred to as "relevant
persons"). Any investment activity to which this announcement relates will
only be available to and will only be engaged with, the relevant persons.
Any person who is not a relevant person should not act or rely on this
document or any of its contents.
MegaFon is a company organised under the laws of the Russian Federation. The
Mandatory Tender Offer was made solely pursuant to Russian law. The
Mandatory Tender Offer was not made or intended to be made pursuant to the
provisions of any other law. The Mandatory Tender Offer is subject to
disclosure and procedural requirements of Russia which are different from
those of the United States.
The release, publication or distribution of this press release and any other
documentation relating to the Mandatory Tender Offer in jurisdictions other
than Russia, the UK or the US may be affected by the laws or regulations of
relevant jurisdictions. Any persons who are subject to the laws and
regulations of any jurisdiction other than Russia, the UK or the US should
inform themselves of and observe any applicable requirements.
Cautionary Statement Regarding Forward Looking Statements
Some of the information in this press release 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",
including the negative form of such verbs or other similar expressions.
These statements are 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 control of the
Company. These plans or predictions may fail to be achieved or accomplished.
The Company does not necessarily intend to update these statements to
reflect events and circumstances occurring after the date of this press
release 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.
2019-03-20 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.
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Archive at www.dgap.de
789501 2019-03-20 MSK
(END) Dow Jones Newswires
March 20, 2019 02:10 ET (06:10 GMT)
