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Press Releases > Financial Corporation "Sistema"  all about the company

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Financial Corporation "Sistema"

February 8, 2018

Information on a transaction under the MTS share buyback programme

Moscow, 08 February 2018 – Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that its subsidiary Sistema Finance S.A. sold 4,712,756 ordinary shares of PJSC MTS (hereinafter, "MTS") to a subsidiary of MTS, LLC Stream Digital ("the Purchaser"), as part of the MTS share buyback programme ("the Programme"), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of the transaction was approximately RUB 1.36 billion.

In accordance with the terms of the Programme, the number of shares for the purpose of the transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser in the open market in January 2018 in proportion to Sistema Group’s effective equity stake in MTS.

As a result of implementation of the Programme in January 2018, Sistema Group's effective stake in MTS remained unchanged at 50.004%.

***

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

IR division

Yury Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Press Service

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

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