print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases  Sistema JSFC REGISTER LOG IN

Press Releases > Sistema JSFC  all about the company

company search
all press releases
all Sistema JSFC press releases

Sistema JSFC

September 6, 2017

Sistema to retain stake in MTS after share buyback

Moscow, 6 September 2017– Sistema PJSFC (“Sistema”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified holding company operating primarily in Russia and the CIS, announces that its subsidiary Sistema Finance S.A. has signed a sale and purchase agreement for shares in PJSC MTS (“MTS”) as part of the second stage of the buyback programme for MTS shares approved by the Board of Directors of MTS in April 2016 (the “Programme”).

During the second stage of the Programme, which will be effective until April 2019, MTS’s subsidiary LLC Stream Digital (the “Purchaser”) plans to acquire shares and American depositary shares of MTS (collectively, the “Shares”) in the open market. Under the agreement, Sistema Finance may sell to the Purchaser ordinary shares of MTS in the amount calculated based on the number of Shares to be purchased by the Purchaser in the open market in proportion to Sistema Group’s effective equity stake in MTS (50.004% as of 6 September 2017).    

Sistema Group’s effective stake in MTS will therefore not change materially as a result of the Programme. 

The Purchaser will purchase ordinary shares from Sistema Finance based on the weighted average price of Shares at which the Purchaser purchased them in the open market for each calendar month*.

Sistema’s President Mikhail Shamolin said: “Sistema plans to continue participating in the buyback of MTS shares in proportion to the operator’s minority shareholders, while maintaining control of the company.”

*Taking into account the discount of the market value of MTS ordinary shares to American depositary shares. 


For further information, please visit or contact:

IR Service

Yury Krebs

Tel.: +7 (495) 730 66 00

Press service

Sergey Kopytov

Tel.: +7 (495) 228 15 27



Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer