11th Jul 2012 15:00
SHAREHOLDINGS ALLOCATED TO SISTEMA BOARD OF DIRECTORS
Moscow, Russia - July 11, 2012 - Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest diversified publicly-traded investment company in Russia and the CIS, today announces new allocations to the Sistema Board of Directors' shareholdings in the Company.
In line with the remuneration structure for the members of Sistema's Board of Directors, shareholdings in the Company of seven members have been increased by 122,191 shares and by 127,808 shares for each of three other board members (one of whom is receiving shares for the first time). Each allocation represents approximately 0.0013% of the 9,650,000,000 total shares issued. Based on the closing GDR price on the London Stock Exchange as of July 10, 2012 of US$ 18.80 per GDR, this equates to an indicative value of approximately US$ 1.164 million.
Chairman of the Board Vladimir Evtushenkov's shareholding in the Company has increased from 64.1830% to 64.1843%; Deputy Chairman of the Board Alexander Goncharuk's shareholding in the Company has increased from 1.0019% to 1.0032%; Independent Director Evgeny Novitsky's shareholding in the Company has increased from 1.9912% to 1.9925%; Director Dmitry Zubov's shareholding in the Company has increased from 0.9751% to 0.9764%; Director Vyacheslav Kopiev's shareholding in the Company has increased from 0.0556% to 0.0569%; Independent Director Roger Munnings's shareholding in the Company has increased from 0.0009% to 0.0022%; Independent Director Robert Kocharyan's shareholding in the Company has increased from 0.0019% to 0.0032%; Independent Director Serge Tchuruk, who previously did not hold any shares, was awarded 0.0013% of the outstanding share capital; Executive Director Mikhail Shamolin's shareholding in the Company has increased from 0.0326% to 0.0339%; Independent Director David Yakobashvili's shareholding in the Company has increased from 0.0018% to 0.0031%.The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.
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For further information, please visit www.sistema.com or contact:
| Investor Relations | Public Relations | ||||
| Evgeniy Chuikov | Vsevolod Sementsov | ||||
| Tel.: +7 (495) 692 1100 | Tel.:+7 (495) 730 1705 | ||||
Sistema is the largest diversified publicly-traded investment company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of US$ 7.9 billion for the first quarter of 2012, and total assets of US$ 47.3 billion as at March 31, 2012. 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 MICEX-RTS Stock Exchange, and under the symbol "SIST" on the Moscow Stock Exchange (MSE). Sistema was ranked number 315 in the 2010 edition of the Fortune Global 500 list. Website: www.sistema.com
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.
Copyright Business Wire 2012
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