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SSAA - AFK Sistema PAO News Story

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Last Trade -

Sector
Telecoms
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.57bn
Position in Universe th / 1818

Sistema PJSFC - Ad hoc notice

Thu 7th December, 2017 1:40pm
RNS Number : 7223Y
Sistema PJSFC
07 December 2017

Ad hoc notice

Moscow, Russia - 07 December 2017 - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, notes the press release published today by Rosneft regarding a lawsuit filed today against Sistema and its subsidiary Sistema-Invest seeking damages in the amount of RUB 131,639,012,421. At the present moment, Sistema has not received the claim of Rosneft and PJSOC Bashneft referred to in Rosneft's press release, and considers the allegations set out in that press release to be baseless and unlawful. Sistema will provide an update to the market in due course.

***

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

IR Service

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

***

Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in such sectors as telecommunications, retail, paper and packaging, agriculture, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2016 reached RUB 697.7bn; its total assets equalled RUB 1.1tn as of 31 December 2016. 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.ru


This information is provided by RNS
The company news service from the London Stock Exchange
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