Moscow, 6 May 2019ľ Sistema PJSFC (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, announces that its subsidiary Sistema Finance S.A. sold 4,143,445 ordinary shares of PJSC MTS (hereinafter, "MTS") to a subsidiary of MTS, LLC Bastion ("the Purchaser"), as part of the MTS share buyback programme in the amount up to RUB 30.0 bn, which was approved by the Board of Directors of MTS in June 2018 ("the Programme"). The amount of the transaction was approximately RUB 1.07 bn.
In accordance with the terms of the Programme, the number of shares for the purpose of the transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser in the open market in April 2019 in proportion to Sistema Groupĺs effective equity stake in MTS.
Upon implementation of the Programme in April 2019, Sistema Group's effective stake in MTS amounted to 50.008%.
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