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SSAA - AFK Sistema PAO News Story

$5.34 0.0  0.0%

Last Trade - 08/09/20

Market Cap £2.00bn
Enterprise Value £8.90bn
Revenue £6.04bn
Position in Universe 267th / 1807

Sistema PJSFC - Purchase of Sistema's ordinary shares

Fri 5th May, 2017 3:01pm
RNS Number : 3703E
Sistema PJSFC
05 May 2017

Purchase of Sistema's ordinary shares

Moscow, Russia - 5 May 2017 - Sistema PJSFC ("Sistema" or "the Company") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces that on 25 April 2017 its 100% owned subsidiary, Sistema Finance JSC, acquired 71,433,524 of Sistema's ordinary shares, representing 0.74% of Sistema's share capital for a total consideration of approximately 27.86 million US dollars, from a non-affiliated seller. The shares were purchased for general corporate purposes, including incentive programmes for employees and top management. As a result of this transaction, Sistema Group owns 2.3% of the Company's total share capital.

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

Investor Relations

Yuri Krebs

Tel: +7 (495) 7306600

y.krebs@sistema.ru

Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

Sistema is a publicly-traded diversified Russian holding company serving around 150 million customers in the sectors of telecommunications, retail, agriculture, paper and packaging, high technology, banking, real estate, pharmaceuticals, tourism and healthcare services. Founded in 1993, the Company reported revenues of RUB 697.7 billion for 2016 and total assets of RUB 1.1 trillion as at 31 December 2016. 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: www.sistema.com


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