Russia's Sistema approves share split

MOSCOW, Sept 20 (Reuters) - Russian services conglomerate Sistema (SSAq.L) said on Thursday its shareholders had approved splitting the nominal value of its ordinary shares by a factor of 1,000 to improve their liquidity.

"As a result of the share split, the company's share capital of 868,500,000 roubles will now comprise 9,650,000,000 ordinary shares with a par value of 0.09 roubles per share," Sistema said in a statement.

Sistema's key shareholder is Vladimir Yevtushenkov, who owns a 62.1 percent stake. Other major shareholders include Sistema's top managers, while around 19 percent of its shares are freely floated.

The holding's key asset is Russia's largest mobile services provider Mobile TeleSystems (MBT.N). It also spans technology, real estate, retail, oil, banking, tourism, media and healthcare.

Sistema's London-listed stock closed at $32.50 per share on Wednesday.