Sistema to sell 0.80% of MTS shares in connection with tender offer

Moscow, Russia – 7 March 2017  – Sistema PJSFC (“Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, announces that its subsidiary Sistema Finance S.A. will sell 16,038,892 ordinary shares of PJSC MTS (“MTS”) to MTS subsidiary Stream Digital, LLC (“the Purchaser”) in connection with the tender offer to purchase MTS shares (“the Tender Offer”) being carried out by the Purchaser, for a total consideration of RUB 4,651,278,680.

The transaction will be completed at a price equal to the single sale price at which MTS’s minority shareholders participate in the Tender Offer – RUB 290,00 per share.

As a result of the transaction, Sistema Group’s effective stake in the share capital of MTS will remain unchanged at 50.03%.


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

Investor Relations

Yuri Krebs

Tel.: +7 (495) 730 66 00



Press service

Sergei Kopytov

Tel.: +7 (495) 228 15 32



Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2015 reached RUB 708.6 billion; its total assets equalled RUB 1.3 trillion as of 31 December 2015. Sistema’s global depositary receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the “AFKS” ticker on the Moscow Exchange. Website: www.sistema.ru

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