Sistema PJSFC: Segezha Group intends to conduct an IPO

DJ Sistema PJSFC: Segezha Group intends to conduct an IPO

Sistema PJSFC (SSA) 
Sistema PJSFC: Segezha Group intends to conduct an IPO 
12-Apr-2021 / 09:40 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. 
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Not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan, 
or in any other jurisdiction in which such publication or distribution would be prohibited by applicable law 
 
Segezha Group intends to conduct an IPO 
 
Moscow, 12 April 2021 - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, 
the "Group") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, notes that its subsidiary, Segezha 
Group PJSC ("Segezha Group" or the "Company"), announced its intention to conduct an initial public offering (the 
"Offering") of ordinary shares (the "Offer Shares") and to list on Moscow Exchange. 
 
The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an 
over-allotment option of secondary shares of up to 15% of the Offer Shares expected to be granted by Sistema PJSFC and/ 
or one of its fully owned subsidiaries. Sistema expects to remain majority shareholder post the Offering. 
 
Vladimir Chirakhov, President of Sistema, said: 
 
"Since 2014, Sistema has transformed Segezha Group into a world-class company with an exceptional resource base, 
well-managed production costs, global leadership in attractive industry segments and a highly capable and motivated 
management team. These advantages - backed by investment of RUB 49 billion since 2015 - have translated into strong 
profitability and growth metrics, with revenue and OIBDA more than doubling between 2015 and 2020. 
 
"We have also focused on improving the Company's environmental, social and corporate governance (ESG) profile. This has 
included confirming Segezha Group's approach to reforestation in line with internationally recognized practices, 
improving energy efficiency, introducing strict health and safety controls, fostering local community engagement and 
building strong corporate governance. 
 
"Segezha Group's success illustrates the transformative value that Sistema adds to its portfolio companies. Bringing 
Segezha Group to the public markets will crystallize the value of our investment, raise funds that would allow Segezha 
Group to continue to pursue its investment projects and provide investors with the opportunity to benefit from the 
Company's strong growth and attractive returns to shareholders." 
 
Full text of the announcement is available at Segezha Group's website https://segezha-group.com/en/press-center/news/ 
segezha-group-announces-intention-to-float-on-moscow-exchange/. 
 
*** 
Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets 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 2020 was 
RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. 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. 
For further information, please visit www.sistema.com or contact: 
IR Service        Press Service 
Nikolay Minashin     Sergey Kopytov 
Phone: [phone] Phone: [phone] 
[e-mail]   [e-mail] 

The information contained in this announcement does not constitute or form part of any offer for sale or subscription of or solicitation of any offer to buy or subscribe for any securities in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Under the U.S. Securities Act of 1933, as amended, securities may not be offered or sold in the United States absent registration or an exemption from registration. Sistema does not intend to register any portion of any offering of securities in the United States or to conduct a public offering of any securities in the United States. -----------------------------------------------------------------------------------------------------------------------

ISIN:     US48122U2042 
Category Code: MSCM 
TIDM:     SSA 
LEI Code:   213800JSZ2UUK4QQK694 
Sequence No.: 98245 
EQS News ID:  1183254 
 
End of Announcement EQS News Service 
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(END) Dow Jones Newswires

April 12, 2021 02:41 ET (06:41 GMT)