Moscow, Russian Federation — Mobile TeleSystems PJSC (“MTS” or the “Company” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that Sistema PJSFC (LSE: SSA, MOEX: AFKS), the parent company of MTS with effective ownership stake in MTS of 50.03 per cent, received a resolution from the Federal Bailiff Service in Moscow to arrest 31.76% of shares in the authorized capital of MTS PJSC shares held by Sistema PJSFC.
The arrest is based on the order of the Arbitration Court of the Republic of Bashkortostan to secure claims within the legal dispute of Rosneft PJSC, Bashneft PJSC and the Republic of Bashkortostan against Sistema PJSFC and Sistema-Invest in May 2017.
For further information, please see Sistema's release on the issue http://www.sistema.com/press/press-releases/detail/article/22765/
This development has no impact on the operational activities of MTS, as well as on transactions with MTS shares or ADRs and the rights to receive dividends on shares held by other shareholders.
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For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/