FOR IMMEDIATE RELEASE 26 September 2016
Sistema to pay RUB 3.67 bn in interim dividends
Moscow, 26 September 2016. - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding company, announces that an extraordinary general meeting of shareholders ("EGM") held on 23 September 2016 with absentee voting approved the payment of RUB 3.667 bn in dividends, or RUB 0.38 per ordinary share (RUB 7.6 per GDR), for the first six months of 2016.
The EGM set the record date for shareholders eligible to receive dividends as 7 October 2016.
The dividend amount was calculated based on the weighted average price of Sistema's ordinary shares traded on Moscow Exchange in the first half of 2016, in accordance with the Corporation's dividend policy adopted in April 2016.
The Corporation aims to pay dividends twice a year. Total dividends for a reporting year should be based on the target dividend yield* of at least 4% or RUB 0.67 per ordinary share, whichever is greater.
*To calculate the average dividend yield of its ordinary shares, Sistema uses the weighted average price of one ordinary share as traded on Moscow Exchange in the relevant reporting period (full year or six months).
For further information, please visit www.sistema.ru or contact:
Tel.: +7 (495) 730 66 00
Tel.: +7 (495) 228 15 32
Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, pharmaceuticals, tourism and healthcare services. The company was founded in 1993. Its revenue in 2015 reached RUB 708.6bn; its total assets equalled RUB 1.3tn as of 31 December 2015. Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Stock Exchange. Website: www.sistema.ru.
This information is provided by RNS