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
02-Dec-2020 / 18:00 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, 2 December 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 3,222,550 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 in the amount up to RUB 15 billion announced by MTS in March 2020
(the "Programme"). The amount of the transaction is approximately RUB 1 023
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 November 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: +7 (495) 730 66 00 Phone: +7 (495) 228 15 32
n.minashin@sistema.ru kopytov@sistema.ru
ISIN: US48122U2042
Category Code: MSCM
TIDM: SSA
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 88925
EQS News ID: 1152294
End of Announcement EQS News Service
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1152294&site_id=vwd&application_name=news
(END) Dow Jones Newswires
December 02, 2020 10:00 ET (15:00 GMT)
