EQS-News: PJSC MegaFon: Completion of the mandatory tender offer for the purchase of ordinary shares of PJSC MegaFon made by MegaFon Finance

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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: [phone] 
[e-mail] 
 
Media: Artem Lebedev 
Director for Corporate Communications Tel: [phone] 
[e-mail] 
 
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. 
 
The EquityStory.RS, LLC Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
789501 2019-03-20 MSK 
 
 

(END) Dow Jones Newswires

March 20, 2019 02:10 ET (06:10 GMT)