FOR IMMEDIATE RELEASE 15 September 2016
Acquisition of Sistema shares by member of the Management Board
Moscow, Russia -September 15, 2016 - Sistema PJSFC ("Sistema" or "the Company") (LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company operating primarily in Russia and the CIS, announces that Valentin Korchunov, Sistema Vice President, Investment Portfolio Manager, has acquired 3,694,700 Sistema ordinary shares. The share of Sistema charter capital owned by Mr. Korchunov following the acquisition is 0.0538%.
The shares were acquired as part of the previously announced programme for senior management of the Company to participate in the share capital of Sistema, whereby Sistema's top-managers invest part of their income in the Company's shares.
For further information, please visit www.sistema.com or contact:
Tel: +7 (495) 730 66 00
Tel.: +7 (495) 228 15 32
Sistema is a publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving approximately 150 million customers in the sectors of telecommunications, high technology, pulp and paper, banking, retail, tourism and healthcare services. Founded in 1993, the Company reported revenues of RUB 708.6 billion for 2015, and total assets of RUB 1.3 trillion as at 31 December 2015. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the Moscow Exchange. Website: www.sistema.com
This information is provided by RNS