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EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Statement
PJSC MegaFon: MEGAFON ANNOUNCES A SHAREHOLDER TRANSACTION RESULTING IN
CHANGES TO ITS SHAREHOLDINGS
2019-03-29 / 19:53 MSK
The issuer is solely responsible for the content of this announcement.
*MEGAFON ANNOUNCES A SHAREHOLDER TRANSACTION RESULTING IN CHANGES TO ITS
SHAREHOLDINGS*
*MOSCOW, Russia (29 March 2019) - Public Joint Stock Company "MegaFon"
(MoEx: MFON), a pan-Russian operator of digital opportunities ("MegaFon" or
the "Company"), hereby announces that it has been notified earlier today
that USM Telecom LLC ("USM Telecom") has purchased 86 800 000 ordinary
shares of MegaFon, representing a 14.00% interest in the Company's share
capital, from MegaFon Finance LLC, a wholly-owned subsidiary of the Company
("MegaFon Finance"), on 28 March 2019.*
USM Telecom LLC is the sole shareholder of AF Telecom Holding LLC ("AF
Telecom"), which in turn is the controlling shareholder of the Company,
holding 349 170 620 ordinary shares of the Company, representing a 56.32%
interest in the share capital of MegaFon. Both USM Telecom and AF Telecom
are affiliated through common ownership with the USM Group.
As a result of this transaction, the total interest in the share capital of
the USM Group in MegaFon has increased to 70.32%, while the position of
MegaFon Finance in the Company has been reduced from 42.88% to 28.88% of the
Company's share capital. The percentage of ordinary shares and global
depositary receipts in free float remains at 0.8%.
-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
*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 [1]_._
*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.
2019-03-29 MSK Dissemination of a Corporate News, transmitted by
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793857 2019-03-29 MSK
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ef92790d0a6b4db8448eeb56ca25d5c2&application_id=793857&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 29, 2019 12:53 ET (16:53 GMT)
