Sistema PJSFC: Information on a transaction under the MTS share buyback programme

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Sistema PJSFC (SSA) 
Sistema PJSFC: Information on a transaction under the MTS share buyback 
programme 
 
06-May-2019 / 19:00 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
     Information on a transaction under the MTS share buyback programme 
 
Moscow, 6 May 2019 - Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly-traded 
  diversified holding company, announces that its subsidiary Sistema Finance 
   S.A. sold 4,143,445 ordinary shares of PJSC MTS (hereinafter, "MTS") to a 
  subsidiary of MTS, LLC Bastion ("the Purchaser"), as part of the MTS share 
buyback programme in the amount up to RUB 30.0 bn, which was approved by the 
 Board of Directors of MTS in June 2018 ("the Programme"). The amount of the 
                            transaction was approximately RUB 1.07 bn. 
 
 In accordance with the terms of the Programme, the number of shares for the 
   purpose of the transaction was calculated based on the number of ordinary 
  shares and American depositary shares of MTS purchased by the Purchaser in 
    the open market in April 2019 in proportion to Sistema Group's effective 
                            equity stake in MTS. 
 
         Upon implementation of the Programme in April 2019, Sistema Group's 
                            effective stake in MTS amounted to 50.008%. 
 
              *** 
 
       For further information, please visit www.sistema.com [1] or contact: 
 
     Investor Relations         Public Relations 
 
       Nikolai Minashin Sergey Kopytov 
 
Tel: [phone] Tel.: [phone] 
 
  [e-mail]       [e-mail] 
 
              *** 
 
This announcement contains inside information. Full name and position of 
person making the announcement - Nikolai Minashin, Director, Investor 
Relations 
 
              *** 
 
      Sistema PJSFC is a publicly-traded diversified Russian holding company 
    serving over 150 million customers in the sectors of telecommunications, 
           high technology, financial services, retail, paper and packaging, 
     agriculture, real estate, tourism and medical services. The company was 
founded in 1993. Revenue in 2018 was RUB 773.9 bn; total assets equalled RUB 
    1.5 trn as of 31 December 2018. Sistema's global depositary receipts are 
       listed under the "SSA" ticker on the London Stock Exchange. Sistema's 
  ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. 
                            Website: www.sistema.com [2]. 
 
    Some of the information in this press release may contain projections or 
      other forward-looking statements regarding future events or the future 
          financial performance of Sistema. You can identify forward looking 
  statements by terms such as "expect," "believe," "anticipate," "estimate," 
   "intend," "will," "could," "may" or "might" the negative of such terms or 
 other similar expressions. We wish to caution you that these statements are 
only predictions and that actual events or results may differ materially. In 
  addition, there is no assurance that the new contracts entered into by our 
      subsidiaries referenced above will be completed on the terms contained 
   therein or at all. We do not 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 our projections or 
       forward-looking statements, including, among others, general economic 
 conditions, our competitive environment, risks associated with operating in 
 Russia, rapid technological and market change in our industries, as well as 
        many other risks specifically related to Sistema and its operations. 
 
ISIN:          US48122U2042 
Category Code: MSCH 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  8522 
EQS News ID:   807711 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=807711&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e8a7c86d39c0eaff5de6e8773a8b2da0&application_id=807711&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

May 06, 2019 12:00 ET (16:00 GMT)