Sistema

Sistema PJSFC: Ad-Hoc Notice

Finance, Money, Economy, Sistema, Legal entities, Depositary receipt, Bank, Security, London Stock Exchange, Public offering
Monday, January 18, 2021 - 7:00am

Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, forestry, real estate, tourism and healthcare services.

Key Points: 
  • Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, forestry, real estate, tourism and healthcare services.
  • Its revenue in 2019 reached RUB 656.9bn; its total assets equalled RUB 1.3tn as of 31 December 2019.
  • Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange.
  • 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.

Sistema PJSFC: Joint venture of Sistema and Sber acquires Elektrozavod Group

Sistema, MOEX, Companies
Monday, December 28, 2020 - 7:01pm

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • 28 December 2020, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, announces that LLC Megapolis Invest (the "Purchaser"), a joint venture between Sistema (75.86%) and LLC Sberbank Investments ("SberInvest") (24.14%), has closed the transaction whereby it acquired a 64.37% stake in JSC Elektrozavod and 100% in LLC Elektrokombinat ("Elektrozavod Group") from certain private investors ("the Transaction").
  • Sistema and SberInvest provided equity financing to the Purchaser in the amount of RUB 11.0bn and RUB 3.5bn, respectively.
  • Additional co-investors may be brought in at a later stage for both the transformer business and the real estate development project of Elektrozavod Group.

Sistema PJSFC: Sistema agrees to acquire Elektrozavod Group

Sistema, MOEX, Elektrozavodsky, Moscow, Companies
Wednesday, December 23, 2020 - 5:03pm

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • 23 December 2020, Moscow - Sistema PJSFC ("Sistema" or the "Corporation", together with its subsidiaries and associates, "Sistema Group") (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, announces that its affiliate LLC Megapolis Invest has entered into agreements to acquire a 64.37% share in JSC Elektrozavod and control over 100% in LLC Elektrokombinat ("Elektrozavod Group") from certain private investors for RUB 24.7bn (with a net cash position) with the goal of creating Russia's leading manufacturer of transformer equipment and implementing a real estate development project on land plots located in Moscow owned by Elektrozavod Group (the "Transaction").
  • The Transaction is expected to be financed via investments to be provided by Sistema Group (in the total amount of up to RUB 11.0bn) and certain third-party partners.
  • Elektrozavod Group includes transformer equipment production facilities in Moscow and Ufa, maintenance divisions, research and design institutes, an engineering centre and land plots totalling 19 hectares near the Elektrozavodskaya metro station in Moscow.

Sistema PJSFC: Sistema adopts responsible investment approach

Economy, Corporate social responsibility, Investment management, Social finance, Socially responsible investing, Finance, Articles, ESG, Sistema, Ethical investment, Ethical banking
Monday, December 21, 2020 - 9:01am

Moscow, 21 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a publicly-traded diversified holding company, announces that its Board of Directors has approved an updated set of investment criteria as part of a review of the Corporation's strategy.

Key Points: 
  • Moscow, 21 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a publicly-traded diversified holding company, announces that its Board of Directors has approved an updated set of investment criteria as part of a review of the Corporation's strategy.
  • Among other things, the revised criteria will integrate ESG factors that reflect Sistema's corporate responsibility principles and international ESG standards into the investment process for the first time, solidifying Sistema's strategic approach to responsible investment.
  • At the portfolio building stage, Sistema excludes "sin stocks" (such as tobacco, gambling and others) and will consider the ESG profile of acquisition targets in other industries when making investment decisions.
  • The integration of responsible investment principles into the investment process is one of the KPIs set by the agreement.

Sistema PJSFC: Sistema extends the tenor of its share repurchase programme

Stock market, Buyback, Share repurchase, Sistema, MOEX, Repurchase agreement, Companies
Monday, December 21, 2020 - 7:01am

Moscow, 21 December 2020 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces the extension of the share buyback programme (the "Programme") until 31 December 2021.

Key Points: 
  • Moscow, 21 December 2020 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces the extension of the share buyback programme (the "Programme") until 31 December 2021.
  • The maximum number of Shares to be repurchased under the Programme were not to exceed 300 million.
  • The Programme is now extended until 31 December 2021 (inclusive) while all other parameters of the Programme remain unchanged.
  • Sistema will report on the progress of the share repurchase Programme on its corporate website as well as through a regulatory information service.

Sistema PJSFC: Sistema is ranked as one of the Russian leaders in environmental transparency

Articles, Sistema, Transparency, Carbon Disclosure Project
Wednesday, December 9, 2020 - 11:01am

As a result, Sistema and MTS have improved their positions in the global CDP rating to 'B'.

Key Points: 
  • As a result, Sistema and MTS have improved their positions in the global CDP rating to 'B'.
  • Sistema is proud to be among the responsible global businesses striving to mitigate environmental impacts and improve corporate accountability.
  • In 2020, 515 investors with US$106 trillion in assets requested thousands of companies to disclose their environmental data through CDP.
  • The rise in corporate disclosure - which has now reached 9,600 companies worldwide in 2020 - is evidence that transparency around environmental impact is now a business norm.

Sistema PJSFC: Information on a transaction under the MTS share buyback programme

Telecommunications, Companies, Sistema, MTS, MTS
Wednesday, December 2, 2020 - 3:06pm

Moscow, 2 December 2020 - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that its wholly-owned subsidiary Sistema Finance S.A. has sold 3,222,550 shares of PJSC MTS (hereinafter, "MTS") in the form of ordinary shares and American depository shares to a wholly-owned subsidiary of MTS, LLC Bastion (the "Purchaser"), as part of MTS share buyback programme in the amount up to RUB 15 billion announced by MTS in March 2020 (the "Programme").

Key Points: 
  • Moscow, 2 December 2020 - Sistema PJSFC ("Sistema" or "the Corporation") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that its wholly-owned subsidiary Sistema Finance S.A. has sold 3,222,550 shares of PJSC MTS (hereinafter, "MTS") in the form of ordinary shares and American depository shares to a wholly-owned subsidiary of MTS, LLC Bastion (the "Purchaser"), as part of MTS share buyback programme in the amount up to RUB 15 billion announced by MTS in March 2020 (the "Programme").
  • The amount of the transaction is approximately RUB 1 023 mln.
  • In accordance with the terms of the Programme and the agreement between Sistema Finance S.A. and the Purchaser, the number of MTS shares to be transferred by Sistema Finance S.A. in this transaction was calculated based on the number of ordinary shares and American depositary shares of MTS purchased by the Purchaser from the third parties in November 2020 pro-rata to Sistema Group's effective equity stake in MTS.
  • As a result of the transaction Sistema Group's effective stake in MTS amounted to 50.0177%.

Sistema PJSFC: Sistema PJSFC raises record funds on the bond market

Financial markets, Finance, Sistema, Bond, Economy
Tuesday, December 1, 2020 - 5:03pm

Moscow, 01 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding company, announces the successful completion of thebook-building process for RUB 5 billion series 001-16 bonds and RUB 14 billion series 001-17 bonds.

Key Points: 
  • Moscow, 01 December 2020 - Sistema PJSFC (hereinafter, "Sistema" or "the Corporation") (LSE: SSA; MOEX: AFKS), a Russian public diversified holding company, announces the successful completion of thebook-building process for RUB 5 billion series 001-16 bonds and RUB 14 billion series 001-17 bonds.
  • As a result of the book-building, the coupon rate was set at 6.10% per annum for series 001-16 bonds and at 6.75% per annum for series 001-17 bonds.
  • In 2020, Sistema continued to implement its strategy aimed at optimising the debt portfolio and reducing the cost of debt.
  • As a result of our active presence on the debt market and favorable market conditions, we have attracted more than RUB60 billion in total taking into account the new bond issues and secondary placements".

Sistema PJSFC: Ad-Hoc Notice

Initial public offering, Finance, Financial economics, Ozon, Money, ADSS, Baring Vostok Capital Partners, Prospectus, Sistema, Public offering
Wednesday, November 18, 2020 - 7:01am

Sistema and Baring Vostok have also agreed to enter into lock-up agreements pertaining to their total shareholdings in Ozon for a period of 180 days after the date of the final prospectus used to sell the ADSs in Ozon's initial public offering.

Key Points: 
  • Sistema and Baring Vostok have also agreed to enter into lock-up agreements pertaining to their total shareholdings in Ozon for a period of 180 days after the date of the final prospectus used to sell the ADSs in Ozon's initial public offering.
  • Sistema PJSFC is a publicly traded diversified Russian holding company 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.
  • Revenue in 2019 was RUB 656.9 billion; total assets equalled RUB 1.3 trn as of 31 December 2019.
  • This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Sistema PJSFC: Sistema attracts first ESG financing from Sberbank

Economy, Articles, Finance, Ethical investment, Sistema, Ethical banking, ESG, Socially responsible investing, FTSE4Good Index, Environmental, social and corporate governance
Tuesday, November 17, 2020 - 8:01am

By entering this agreement, Sistema has committed to adopting its Environmental Policy and integrating responsible investment principles into its investment process.

Key Points: 
  • By entering this agreement, Sistema has committed to adopting its Environmental Policy and integrating responsible investment principles into its investment process.
  • Vladimir Travkov, Sistema's Vice President for Finance, commented:
    "The new agreement with Sberbank confirms our commitment to the principles of sustainability and our readiness to promote the ESG agenda in Russia.
  • In 2020, a new version of Sistema's Corporate Governance Code, developed in line with international best ESG practices, was approved.
  • Sistema has also been promoted to the FTSE4Good index, upgraded its MSCI ESG rating to 'BB,' and has secured its position in a number of other ratings.