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Sistema PJSFC: Ad-Hoc Notice

·3-min read

Sistema PJSFC (SSA)
18-Nov-2020 / 10:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

 

Ad-Hoc Notice

 

Moscow, 18 November 2020 - Sistema PJSFC ("Sistema" or the "Corporation") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, announces that it has entered into a private placement agreement to purchase, concurrently with, and subject to, the completion of the potential initial public offering of the American Depository Shares (ADSs) of its portfolio company Ozon, shares or ADSs of Ozon at the price per share or ADS equal to the initial public offering price per ADS, for a total amount of USD 67.5 mln.

 

Fund entities advised by Baring Vostok Capital Partners Group Limited ("Baring Vostok")" have likewise entered into a private placement agreement to purchase, concurrently with, and subject to, the completion of Ozon's initial public offering, shares or ADSs of Ozon at the price per share or ADS equal to the initial public offering price per ADS, for a total amount of USD 67.5 mln. Sistema and Baring Vostok have also agreed to enter into lock-up agreements pertaining to their total shareholdings in Ozon for a period of 180 days after the date of the final prospectus used to sell the ADSs in Ozon's initial public offering.

 

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Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2019 was RUB 656.9 billion; total assets equalled RUB 1.3 trn as of 31 December 2019. 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.com.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.  A registration statement relating to the proposed sale of securities of Ozon has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to and describing the terms of the proposed offering may be obtained from any of the sources set out in the following Ozon announcement: https://corporate.ozon.ru/tpost/231j407df1-ozon-files-registration-statement-for-pr.

 

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

 


Investor Relations

Nikolai Minashin

Phone: +7 (495) 730 66 00

n.minashin@sistema.ru

Public Relations

Sergey Kopytov

Phone: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

Investor Relations

Nikolai Minashin

Phone: +7 (495) 730 66 00

n.minashin@sistema.ru

Public Relations

Sergey Kopytov

Phone: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

ISIN:

US48122U2042

Category Code:

MSCM

TIDM:

SSA

LEI Code:

213800JSZ2UUK4QQK694

Sequence No.:

88090

EQS News ID:

1148996


 

End of Announcement

EQS News Service

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