Sistema PJSFC: MTS CEO Increases Stake in Company
Retrieved on:
Friday, April 1, 2022
Moscow, Russia - 24 March 2022 - Sistema PJSFC ("Sistema") notes the announcement made by Mobile TeleSystems PJSC ("MTS") that its President & CEO Viacheslav Nikolaev has acquired 19,983,816 ordinary shares in MTS having increased his stake in MTS to more than 1% of outstanding share capital of the company.
Key Points:
- Moscow, Russia - 24 March 2022 - Sistema PJSFC ("Sistema") notes the announcement made by Mobile TeleSystems PJSC ("MTS") that its President & CEO Viacheslav Nikolaev has acquired 19,983,816 ordinary shares in MTS having increased his stake in MTS to more than 1% of outstanding share capital of the company.
- Following the transfer, the aggregate stake of Sistema and its subsidiaries in MTS (including ordinary shares and ADRs) has remained unchanged at 42.085%, as Sistema and its subsidiaries were not a party to the transaction.
- At the same time, since the shares were transferred from those held by MTS's wholly-owned subsidiary Bastion LLC, the transaction has resulted in a decrease of Sistema's effective stake in MTS to 49.94%.
- Revenue in 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020.