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

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

Sistema PJSFC (SSA) 
Sistema PJSFC: Information on a transaction under the MTS share buyback 
programme 
 
03-Nov-2020 / 19:00 MSK 
Dissemination of a Regulatory Announcement, 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, 3 November 2020 - Sistema PJSFC ("Sistema" or "the Corporation") 
       (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding 
company, announces that its wholly-owned subsidiary Sistema Finance S.A. has 
       sold 6,420,868 shares of PJSC MTS (hereinafter, "MTS") in the form of 
 ordinary shares and American depository shares to a wholly-owned subsidiary 
         of MTS, LLC Bastion (the "Purchaser"), as part of MTS share buyback 
   programme announced by MTS in March 2020 (the "Programme"). The amount of 
                         the transaction is approximately RUB 2 079 mln. 
 
     In accordance with the terms of the Programme and the agreement between 
      Sistema Finance S.A. and the Purchaser, the number of MTS shares to be 
transferred by Sistema Finance S.A. in this transaction was calculated based 
      on the number of ordinary shares and American depositary shares of MTS 
  purchased by the Purchaser from the third parties in October 2020 pro-rata 
        to Sistema Group's effective equity stake in MTS. As a result of the 
    transaction Sistema Group's effective stake in MTS amounted to 50.0177%. 
 
            *** 
 
      Sistema PJSFC is a Russian publicly-traded diversified holding company 
    serving over 150 million customers in the sectors of telecommunications, 
      high technology, banking, retail, timber processing, agriculture, real 
   estate, tourism and healthcare services. The company was founded in 1993. 
Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn 
     as of 31 December 2019. 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 Moscow Exchange. Website: 
                         www.sistema.ru [1] 
 
            *** 
 
       For further information, please visit www.sistema.com [1] or contact: 
 
               IR Service             Press Service 
 
         Nikolay Minashin            Sergey Kopytov 
 
Phone: [phone] Phone: [phone] 
 
    [e-mail]        [e-mail] 
 
ISIN:          US48122U2042 
Category Code: MSCH 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  87145 
EQS News ID:   1145149 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1145149&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 03, 2020 11:00 ET (16:00 GMT)