AFK Sistema PAO logo

SSAA - AFK Sistema PAO News Story

$5.34 0.0  0.0%

Last Trade - 08/09/20

Market Cap £2.06bn
Enterprise Value £9.00bn
Revenue £6.08bn
Position in Universe 266th / 1806

JSFC Sistema - Sistema to participate in share issue of MTS Bank

Wed 10th February, 2016 7:08am
RNS Number : 6120O
JSFC Sistema
10 February 2016

Sistema JSFC to participate in additional share issue of MTS Bank

Moscow, 10 February 2016. - Sistema JSFC (LSE:SSA, hereinafter - Sistema), a diversified public holding company, announces that it has signed a legally binding agreement to acquire 2,641,957 ordinary shares of PJSC MTS Bank (hereinafter - MTS Bank), placed as part of an earlier approved additional issue, for a total consideration of RUB 3.7 billion. As a result of the transaction, Sistema's share in the capital of MTS Bank will increase from 69% to 70%.


For further information, please visit www.sistema.comor contact:

Investor Relations Public Relations

Yulia Katukova Sergey Kopytov

Tel: +7 (495) 692 22 88 Tel: +7 (495) 228 15 32

Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the Company reported revenues of revenues of RUB 515.9 billion for the nine months of 2015, and total assets of RUB 1.2 trillion as at September 30, 2015. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the Moscow Exchange. Website:

This information is provided by RNS
The company news service from the London Stock Exchange
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.