UK markets open in 4 hours 20 minutes
  • NIKKEI 225

    28,410.34
    +585.51 (+2.10%)
     
  • HANG SENG

    28,504.41
    +310.32 (+1.10%)
     
  • CRUDE OIL

    66.45
    +0.18 (+0.27%)
     
  • GOLD FUTURES

    1,871.40
    +3.80 (+0.20%)
     
  • DOW

    34,327.79
    -54.34 (-0.16%)
     
  • BTC-GBP

    31,689.54
    +61.73 (+0.20%)
     
  • CMC Crypto 200

    1,237.90
    +39.98 (+3.34%)
     
  • ^IXIC

    13,379.05
    -50.93 (-0.38%)
     
  • ^FTAS

    4,002.90
    -9.17 (-0.23%)
     

Sistema PJSFC: Segezha Group announces pricing of IPO and listing on Moscow Exchange

  • Oops!
    Something went wrong.
    Please try again later.
·4-min read
  • Oops!
    Something went wrong.
    Please try again later.

Sistema PJSFC (SSA)
28-Apr-2021 / 08:21 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

  

Not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan, or in any other jurisdiction in which such publication or distribution would be prohibited by applicable law

 

Segezha Group announces pricing of IPO and listing on Moscow Exchange

 

 

Moscow, 28 April 2021 - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, notes the announcement by its subsidiary, Segezha Group PJSC ("Segezha Group" or the "Company") regarding  the final offering price in respect of its initial public offering (the "Offering Price") and listing of ordinary shares on Moscow Exchange.

 

Vladimir Chirakhov, President of Sistema, said:

"We are delighted with the success of Segezha Group's offering, and welcome the expanded group of shareholders to this highly attractive business. Today, the Company begins a new chapter in its history with a successful IPO that attracted a diversified book of leading institutional investors from Europe, the UK, the US, and Asia, alongside strong demand from domestic institutional and retail investors.

"Segezha Group's success illustrates the transformative value that Sistema brings to the assets in its portfolio. Today Segezha Group becomes the fourth Sistema portfolio company currently traded on the public markets, alongside Ozon, MTS and Etalon Group.

"Sistema has maintained a majority stake in Segezha Group and believes that significant further potential remains to be unlocked. The Company is well positioned to continue its growth by capitalizing on its vertically integrated business model, market leadership in key products, advantageous cost base and robust project pipeline."

Full text of the announcement is available at Segezha Group's website https://segezha-group.com/en/press-center/news/segezha-group-announces-pricing-of-ipo-and-listing-on-moscow-exchange/.

 

***

Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets 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 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. 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.

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

IR Service

Nikolay Minashin

Phone: +7 (495) 730 66 00

n.minashin@sistema.ru

Press Service

Sergey Kopytov

Phone: +7 (495) 228 15 32

kopytov@sistema.ru

The information contained in this announcement does not constitute or form part of any offer for sale or subscription of or solicitation of any offer to buy or subscribe for any securities in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Under the U.S. Securities Act of 1933, as amended, securities may not be offered or sold in the United States absent registration or an exemption from registration. Sistema does not intend to register any portion of any offering of securities in the United States or to conduct a public offering of any securities in the United States.


ISIN:

US48122U2042

Category Code:

MSCM

TIDM:

SSA

LEI Code:

213800JSZ2UUK4QQK694

Sequence No.:

101566

EQS News ID:

1189607


 

End of Announcement

EQS News Service

show this
show this