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Sistema JSFC

March 7, 2017

Sistema to sell 0.80% of MTS shares in connection with Tender Offer

Moscow, Russia – 7 March 2017  – Sistema PJSFC (“Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, announces that its subsidiary Sistema Finance S.A. will sell 16,038,892 ordinary shares of PJSC MTS (“MTS”) to MTS subsidiary Stream Digital, LLC (“the Purchaser”) in connection with the tender offer to purchase MTS shares (“the Tender Offer”) being carried out by the Purchaser, for a total consideration of RUB 4,651,278,680.

The transaction will be completed at a price equal to the single sale price at which MTS’s minority shareholders participate in the Tender Offer – RUB 290,00 per share.

As a result of the transaction, Sistema Group’s effective stake in the share capital of MTS will remain unchanged at 50.03%.

                                                                                   ***

 For further information, please visit www.sistema.ru or contact: 

Investor Relations

Yuri Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Press service

Sergei Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

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