EQS-News: PJSC MegaFon: Resignation of Director for IR and M&A

EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Personnel 
PJSC MegaFon: Resignation of Director for IR and M&A 
 
2019-06-17 / 19:59 MSK 
The issuer is solely responsible for the content of this announcement. 
 
*Resignation of Director for IR and M&A* 
 
*Moscow, Russian Federation (17 June 2019)* - *Public Joint Stock Company 
"MegaFon" (MOEX: MFON), a pan-Russian operator of digital opportunities 
("MegaFon" or the "Company"), hereby announces that Mr. Dmitry Kononov is 
resigning as Director for IR and M&A and as a member of the Company's 
Management Board effective June 28, 2019 to pursue other career 
opportunities. * 
 
Mr Kononov intends to focus on the implementation of various strategic 
projects within the USM Holdings Group. M&A business development will be 
supervised by Alexander Sobolev, MegaFon's Chief Strategy Officer, Member of 
the Board. 
 
Dmitry Kononov joined MegaFon in September 2000 and took an immediate 
leadership role in relation to the Company's financial functions. He served 
as its first Chief Financial Officer from 2002 to 2004. He re-joined MegaFon 
in December 2008 as Director for Mergers and Acquisitions, and was appointed 
as the Director of Investor Relations in October 2012 in the lead-up to the 
Company's IPO of its ordinary shares and global depositary receipts on the 
Moscow Exchange and the London Stock Exchange, respectively, in November 
2012. 
 
During his tenure as Director for M&A, he was responsible for the 
development of MegaFon's business through acquisitions. Mr. Kononov guided 
such significant for the Company transactions as acquisitions of CJSC 
Synterra, an integrated telecommunications services provider, NetByNet, an 
operator of fixed-line broadband, digital TV and IP telephony businesses, 
purchase of 50% stake in Euroset, the largest retailer of wireless equipment 
in Russia, a 4G/LTE network operator Scartel / Yota, several assets of the 
SMARTS group of companies, a controlling stake in Mail.ru Group Limited, and 
many more. 
 
Mr Kononov said: "After a long career at MegaFon, I have decided that it is 
time for me to move on to pursue new opportunities outside the Company. 
Today, I can say that I am leaving a solid company that has achieved the 
status of the second largest mobile operator in Russia and is widely 
recognized as an innovative player. I want to thank the Company's management 
board, its business partners and its staff for the support that they have 
given me during my tenure at MegaFon". 
 
Gevork Vermishyan, CEO of the Company, commented as follows on the 
resignation of Dmitry Kononov: "Over the years, MegaFon has undergone a 
transformation from a classic mobile operator to a diversified digital 
company. The Company completed its IPO and a subsequent delisting, and 
conducted a considerable amount of transactions that allowed MegaFon to 
expand its geographical footprint, establish a greater presence in non-core 
areas, including the fixed-line broadband segment and new technologies, and 
improve the Company's market share. We are grateful to Dmitry for his many 
years of contribution to the development of the Company" 
 
- end - 
 
For More Information: 
 
PJSC MegaFon 
 
Media: Artem Lebedev Tel: + 7 925 696 0677 [e-mail] 
Investors: Tel: [phone] [e-mail] 
 
*Notes to Editors* 
 
*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. 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. 
 
2019-06-17 MSK Dissemination of a Corporate News, transmitted by 
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826021 2019-06-17 MSK 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ef92790d0a6b4db8448eeb56ca25d5c2&application_id=826021&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

June 17, 2019 12:59 ET (16:59 GMT)