Sistema PJSFC (SSA)
Sistema PJSFC: Pricing of Ozon's Initial Public Offering
24-Nov-2020 / 10:28 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Pricing of Ozon's Initial Public Offering
Moscow, 24 November 2020 - Sistema PJSFC ("Sistema" or the "Corporation")
(LSE: SSA, MOEX: AFKS), a publicly-traded diversified holding company, notes
the announcement made by its portfolio company Ozon Holdings PLC ("Ozon"), a
leading Russian e-commerce platform, of the pricing of its initial public
offering of 33,000,000 American Depositary Shares ("ADSs") representing
33,000,000 Ordinary Shares at a price of $30 per ADS.
The ADSs are expected to begin trading on the Nasdaq Global Select Market
under the ticker symbol "OZON" on November 24, 2020, and the offering is
expected to close on November 27, 2020, subject to customary closing
conditions. In addition, Ozon has granted the underwriters a 30-day option
to purchase up to 4,950,000 additional ADSs at the initial public offering
price less underwriting discount.
Sistema had entered into a private placement agreement to purchase,
concurrently with, and subject to, the completion of the initial public
offering of the ADSs of Ozon at the price per ADS equal to the initial
public offering price per ADS, for a total amount of USD 67.5 mln. Upon
completion of the initial public offering of Ozon, fulfilment of the private
placement agreement and conversion of the convertible loans previously
provided to Ozon, Sistema's total stake in Ozon will amount to 33.1%.
Sistema has also entered into a lock-up agreement pertaining to its total
shareholding 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. The company was
founded in 1993. Revenue in 2019 was RUB 656.9 billion; total assets
equalled RUB 1.3 trn as of 31 December 2019. Sistema's global depositary
receipts are listed under the "SSA" ticker on the London Stock Exchange.
Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow
Exchange. Website: www.sistema.com .
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities. Any offers, solicitations
or offers to buy, or any sales of securities will be made in accordance with
the registration requirements of the U.S. Securities Act of 1933, as
amended. A registration statement relating to the proposed sale of
securities of Ozon has been filed with the Securities and Exchange
Commission and declared effective. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction. The proposed offering is being made only by means of a
prospectus. When available, copies of the final prospectus relating to and
describing the terms of the proposed offering may be obtained from any of
the following sources set out in the following Ozon announcement
For further information, please visit www.sistema.ru  or contact:
Investor Relations Public Relations
Nikolai Minashin Sergey Kopytov
Phone: +7 (495) 730 66 00 Phone: +7 (495) 228 15 32
Category Code: MSCH
LEI Code: 213800JSZ2UUK4QQK694
Sequence No.: 88404
EQS News ID: 1150133
End of Announcement EQS News Service
(END) Dow Jones Newswires
November 24, 2020 02:28 ET (07:28 GMT)