Sistema Finance sells 8.1m MTS shares as part of share buyback program

Sistema Finance S.A. sold 8,138,237 ordinary shares of PJSC MTS (hereinafter, “MTS”) to a subsidiary of MTS, LLC Stream Digital (“the Purchaser”), as part of the MTS share buyback programme (“the Programme”), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of the transaction was approximately RUB 2,298.4 million. 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 October 2017 in proportion to Sistema Group’s effective equity stake in MTS.

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Sistema Finance sells 8.5m MTS shares as part of share buyback program

Sistema Finance S.A. sold 8,456,757 ordinary shares of PJSC MTS (hereinafter, “MTS”) to a subsidiary of MTS, LLC Stream Digital (“the Purchaser”), as part of the MTS share buyback programme (“the Programme”), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of the transaction was approximately RUB 2,387.6 million.  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 September 2017 in proportion to Sistema Group’s effective equity stake in MTS.

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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%.

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Sistema Finance announces an acquisition of a minority stake in Gienanth

Sistema Finance S.A., the international investment arm of Sistema PJSFC focused on mid-cap investments in the DACH-region and Europe, has completed a transaction with Deutsche Beteiligungs AG (“DBAG“) to acquire a minority stake in Gienanth GmbH (”Gienanth“).

Gienanth is a leading German iron foundry with a focus on machine-moulded and hand-moulded castings for the automotive supplier and other industries. Founded in 1735 and currently operating two iron foundries in Eisenberg and Fronberg, Germany, Gienanth has one of the longest and richest traditions in the foundry industry, with worldwide sales of over €100 million and capacity of more than 100.000 tons per year.

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Sistema Finance supports Ambulantis with growth equity

Sistema Finance S.A., the international investment arm of Sistema PJSFC focused on mid-cap investments in the DACH-region and Europe, has completed the acquisition of a minority stake in Ambulantis BSW GmbH, a Berlin-based German operator of outpatient care services.

Sergey Drozdov, Managing Director of Sistema Finance S.A., said: “We are excited to support Ambulantis in achieving its growth ambitions by leveraging its existing business with the Sistema Group’s international network and healthcare sector expertise. This investment will allow us to expand our international footprint by entering the German care market segment with a highly-skilled and promising management team and will enable Ambulantis to accelerate its strategy in the German assisted living segment.”
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Sistema Finance extends the offer period of the voluntary public cash tender offer for all shares in Honkarakenne OYJ

Sistema Finance S.A. has announced that has extended the offer period of the voluntary public cash tender offer for all shares in Honkarakenne Oyj which will now expire on 19 January 2017 at 4:00 p.m. (Finnish time). In addition Sistema Finance has announced that on 12 December 2016, it received clearance from the antimonopoly authorities of the Russian Federation in respect of the transaction contemplated in the tender offer.

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Sistema Finance launches a voluntary public cash tender offer for all shares in Honkarakenne OYJ

Sistema Finance S.A. announces that it will make a voluntary public tender offer in cash to purchase all of the issued Series A shares and Series B shares in Honkarakenne Oyj. The price offered for each Series A share and each Series B share of Honka validly tendered in the tender offer will be EUR 1.50 in cash.

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Sistema Finance sells parts of MTS in the form of American Depositary Shares

Sistema PJSFC announces that its subsidiary, Sistema Finance S.A., sold 12.697.918 American Depositary Shares of PJSC MTS (“MTS”), representing 1.27% of MTS’s share capital, to a non-affiliated buyer for a consideration of USD 100.4 million*. The transaction was executed in compliance with U.S. Securities and Exchange Commission Rule 144. Following this transaction, Sistema Group owns 50.44% of MTS’s total share capital.   Read more

Tahoe Beach Club breaks ground

The Tahoe Beach Club broke ground Monday on the $300 million project that will include 143 new condos and a private beach on the east side of the lake.
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Sistema Finance sells 1.45% of MTS in the form of American Depositary Shares

Sistema JSFC announces that on 23 June 2016 its subsidiary, Sistema Finance S.A., sold 14.965.592 American Depositary Shares of PJSC MTS (“MTS”), representing 1.45% of MTS’s share capital, to a non-affiliated buyer for a consideration of USD 123.5 million. The transaction was executed in compliance with U.S. Securities and Exchange Commission Rule 144. Following this transaction, Sistema Group owns 50.01% of MTS’s total share capital.
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