Sistema PJSFC (SSA)
Sistema increases effective stake in Etalon Group to 48.8%
Moscow, Russia – 4 May 2022 – Sistema PJSFC (“Sistema”, the “Corporation”, or together with its subsidiaries and affiliates the “Group”) announces that the non-deliverable swap agreement concluded in May 2021 between Sistema and a financial partner with respect to global depositary receipts of Etalon Group PLC (the “GDRs”) was terminated. The Corporation’s wholly-owned subsidiary Sistema Finance JSC thereby acquired 72,854,619 GDRs for a total of RUB 4.5 billion, and the Group’s effective stake in Etalon Group PLC increased to 48.8%.
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