Sistema PJSFC: Sistema extends the tenor of its share repurchase programme

DJ Sistema PJSFC: Sistema extends the tenor of its share repurchase programme

Sistema PJSFC (SSA) 
Sistema PJSFC: Sistema extends the tenor of its share repurchase programme 
 
21-Dec-2020 / 09:55 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
        Sistema extends the tenor of its share repurchase programme 
 
Moscow, 21 December 2020 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS), 
        a publicly traded diversified Russian holding company, announces the 
extension of the share buyback programme (the "Programme") until 31 December 
                         2021. 
 
     The Programme, launched on 17 September 2019, initially stipulated that 
 Sistema's ordinary shares (the "Shares") were to be repurchased by a wholly 
 owned subsidiary of Sistema for up to a maximum pecuniary amount of RUB 3.0 
 billion. The maximum number of Shares to be repurchased under the Programme 
  were not to exceed 300 million. The Programme was to run until 29 February 
    2020, or until the total number of Shares or the total monetary value of 
      Shares repurchased under the Programme reach their stipulated maximum, 
  whichever occurs first. In February 2020, the share repurchase program was 
                         extended until 31 December 2020 (inclusive). 
 
  The Programme is now extended until 31 December 2021 (inclusive) while all 
 other parameters of the Programme remain unchanged. As of 18 December 2020, 
  Sistema's wholly owned subsidiary has repurchased 120.6 million Shares for 
                         an aggregate amount of RUB 1.6 billion. 
 
Under the Programme, Sistema's ordinary shares will be repurchased through a 
                         broker appointed by its wholly owned subsidiary. 
 
   Purchases may continue during both open periods and any closed periods to 
                 which Sistema is subject during the above mentioned 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 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 2019 was RUB 656.9 billion; total assets 
    equalled RUB 1.3 trn 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 the Moscow 
                         Exchange. Website: www.sistema.com [1]. 
 
        For further information, please visit www.sistema.ru [1] or contact: 
 
       Investor Relations          Public Relations 
 
         Nikolai Minashin Sergey Kopytov 
 
Phone: [phone] Phone: [phone] 
 
    [e-mail]        [e-mail] 
 
ISIN:          US48122U2042 
Category Code: MSCM 
TIDM:          SSA 
LEI Code:      213800JSZ2UUK4QQK694 
Sequence No.:  90020 
EQS News ID:   1156530 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f1efd490ef237092d4033512d119fe99&application_id=1156530&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 21, 2020 01:55 ET (06:55 GMT)