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Sector
Telecoms
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £6.56bn
Position in Universe th / 1819

Sistema PJSFC - Regarding restrictions to receive income on shares

Wed 27th December, 2017 7:00am
RNS Number : 2852A
Sistema PJSFC
26 December 2017

Removal of restrictions to receive income on shares of MTS, Medsi and BPGC

Moscow, 26 December 2017 - Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that in accordance with the resolution of the Moscow Directorate of the Federal Bailiffs Service, the restrictions to receive income on the Corporation's and Sistema-Invest's shareholdings of 31.76% in PJSC MTS, 100% in Medsi and 90.47% in Bashkirian Power Grid Company have been lifted on 26 December 2017.

The above mentioned restrictions were removed as part of the implementation of the settlement agreement entered into by the Corporation and Sistema-Invest with Rosneft, Bashneft and the Republic of Bashkortostan on 22 December 2017 and approved by the Arbitration Court of the Republic of Bashkortostan on 26 December 2017.

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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

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This announcement contains inside information. Full name and position of person making the announcement - Yuri Krebs, Director, Investor Relations

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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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