Sistema PJSFC (SSA)
Sistema PJSFC: Sistema launches RUB 3.0 billion share repurchase programme
17-Sep-2019 / 09:45 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.
Sistema launches RUB 3.0 billion share repurchase programme
Moscow, 17 September 2019 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX:
AFKS), a publicly traded diversified Russian holding company, announces the
launch of a share buyback programme (the "Programme"). Under the Programme,
Sistema's wholly owned subsidiary has appointed a broker to repurchase
Sistema ordinary shares (the "Shares").
The Programme stipulates that Shares shall be repurchased by a wholly owned
subsidiary of Sistema up to a maximum pecuniary amount of RUB 3.0 billion.
The maximum number of shares to be repurchased under the Programme will not
exceed 300 million. The Programme will run until 29 February 2020, or until
the total number of shares or total value of shares repurchased under the
Programme reach their stipulated maximum, whichever occurs first. Purchases
may continue during both open periods and any closed periods to which
Sistema is subject during the abovementioned period.
Repurchase of Shares under the Programme will be conducted in accordance
with applicable laws and regulations.
Upon repurchase, the Shares will be used by Sistema for general corporate
needs, including management incentive plans.
Sistema will report on the progress of the share repurchase Programme on its
corporate website as well as through a regulatory information service.
No purchases of Shares are intended to be made in the United States.
***
Sistema 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 777.4 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 [1]
***
For further information, please visit www.sistema.com [1] or contact:
Investor Relations Public Relations
Nikolai Minashin Sergey Kopytov
Tel: +7 (495) 730 66 00 Tel.: +7 (495) 228 15 32
n.minashin@sistema.ru kopytov@sistema.ru
This document does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe
for, any shares or other securities of PJSFC Sistema and/or any of its
subsidiaries and affiliated companies, nor shall any part of it nor the fact
of its distribution form part of or be relied on in connection with any
contract or investment decision relating thereto, nor does it constitute a
recommendation regarding the shares or securities of PJSFC Sistema and/or
any of its subsidiaries and affiliated companies.
ISIN: US48122U2042
Category Code: MSCH
TIDM: SSA
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 20308
EQS News ID: 874449
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=874449&site_id=vwd&application_name=news
(END) Dow Jones Newswires
September 17, 2019 02:45 ET (06:45 GMT)
