Sistema Finance sells 0.80% of MTS shares in connection with tender offer

Sistema Finance S.A. subsidiary of Sistema PJSFC (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, sold 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 was 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 remains unchanged at 50.03%.

Read the full Press Release here