Edition:
United States

AFK Sistema PAO (SSAq.L)

SSAq.L on London Stock Exchange

4.00USD
17 Aug 2017
Change (% chg)

$-0.04 (-0.99%)
Prev Close
$4.04
Open
$4.06
Day's High
$4.06
Day's Low
$3.99
Volume
140,675
Avg. Vol
758,173
52-wk High
$10.15
52-wk Low
$3.71

Latest Key Developments (Source: Significant Developments)

Russian court to continue Sistema trial on Aug. 9
Tuesday, 8 Aug 2017 10:14am EDT 

Aug 8 (Reuters) - Russian business conglomerate Sistema , SSAq.L::A court in the Russian region of Bashkortostan will continue hearing oil company Rosneft's <<>> lawsuit against Sistema on Aug. 9, Russian news agencies reported on Tuesday..State-controlled Rosneft is suing Sistema for 170.6 billion roubles ($2.85 billion) in damages following its purchase of oil producer Bashneft <<>> last year, saying some assets were removed from Bashneft. nL8N1JO14S.  Full Article

Russia's MTS recommends H1 dividend payment of 10.4 roubles/share
Monday, 31 Jul 2017 08:30am EDT 

July 31 (Reuters) - Russia's biggest mobile operator MTS , MBT.N said on Monday::Its board of directors have recommended a dividend payment for the first half of 2017 at 10.4 roubles ($0.1730) a share, or 20.78 billion roubles ($346 million) in total..  Full Article

Russia's Sistema in technical default on 3.9 bln rbl debt
Monday, 17 Jul 2017 02:50am EDT 

July 17 (Reuters) - Russian business conglomerate Sistema says::As of July 17, 2017, a technical default had occurred on credit obligations of Sistema amounting to approximately 3.9 billion roubles ($66 million);.The technical default took place due to the ongoing arrest of shares of MTS MBT.N<<>>, Medsi and Bashkirian Power Grid Company owned by Sistema and its subsidiary Sistema-Invest, which was imposed by the Republic of Bashkortostan Arbitration Court as part of legal proceedings initiated by Rosneft <<>>, Bashneft <<>> and later joined by the Republic of Bashkortostan;.Sistema stresses that non-compliance with certain conditions of some of its credit facilities, which triggered the technical default, is driven exclusively by the arrest of the above-mentioned assets and is purely formal in nature;.Sistema is servicing its credit and financial obligations in a timely manner and in full, and plans to continue doing so in the future..  Full Article

Russia's Federal Grid Company considers buying assets of Sistema's Bashkir grid company
Thursday, 29 Jun 2017 09:29am EDT 

June 29 (Reuters) - :** Russian state-owned grid company Federal Grid Company is considering the purchase of a number of assets of Bashkir Power Grid Company, owned by Sistema , SSAq.L, its head Andrey Murov said at the annual shareholders' meeting.** FGC is in preliminary talks on separate trunk grids of the Bashkir company.** According to Murov, there are certain difficulties, including political issues.** "These are very preliminary negotiations, we are only interested in trunk grids that are only related to the unified national electric grid... But now there is a lot of politics, you see what has happened recently. Including various lawsuits of different companies", Murov said.** According to him, there is a long way to go until any type of documents are signed.** Sistema's representative declined to comment.** Sistema's 90.1 percent stake in Bashkir Power Grid Company, along with its shares in mobile operator MTS , MBT.N and the Medsi chain of medical clinics, has been "arrested" as a security in the framework of Rosneft's lawsuit against Sistema nFWN1JN0C2.  Full Article

Russia's MTS could pay 20 billion roubles in H1 dividends- Ifax
Thursday, 29 Jun 2017 05:10am EDT 

June 29 (Reuters) - Russia's biggest mobile operator MTS , MBT.N said on Thursday::The company could pay 20 billion roubles ($339.10 million) in dividends for the first half of 2017, Interfax news agency reported citing MTS chief financial officer..  Full Article

Sistema increases its stake in Mikron to 92.52%
Thursday, 29 Jun 2017 01:39am EDT 

June 29 (Reuters) - SISTEMA ::SAID ON WEDNESDAY THAT INCREASES ITS STAKE IN MIKRON PAO <<>> TO 92.52% FROM 75.45%.  Full Article

Russia's Sistema says Q1 net profit down 21 pct y/y
Monday, 5 Jun 2017 03:00am EDT 

June 5 (Reuters) - Russian diversified business conglomerate Sistema , SSAq.L said on Monday::Q1 profit attributable to Sistema at 1.6 billion roubles ($28.3 million) versus 2.0 bln roubles in Q1 2016;.Q1 adjusted OIBDA at 44.4 billion roubles vs 43.0 bln roubles in Q1 2016;.Q1 revenue at 163.3 billion roubles vs 164.3 bln roubles in Q1 2016;.As of March 31, 2017, cash position at the holding level was 20.5 billion roubles; .Net debt at the holding level amounted to 73.8 billion roubles, compared with 83.5 billion roubles as of Dec. 31, 2016..Sistema is confident that the claims filed by Rosneft <<>> and Bashneft <<>> are unfounded and unlawful and Sistema will vigorously defend its interests by all legal means. nR4N1DP00R.  Full Article

Russia's MTS says Q1 net profit down 14 pct y/y
Tuesday, 23 May 2017 08:00am EDT 

May 23 (Reuters) - Russia's biggest mobile operator MTS (Mobile TeleSystems) MBT.N says::Q1 net income at 12.5 billion roubles ($221.3 million) vs 14.5 bln roubles in Q1 2016;.Q1 revenues at 104.7 bln roubles, down 1.1 pct year on year;.Q1 OIBDA at 41.8 bln roubles, up 1.8 pct yr/yr;.Q1 OIBDA margin at 40.0 pct vs 38.8 pct in Q1 2016;.Free cash flow at 22.9 bln roubles, up 11.4 pct y/y;.Full-year 2017 outlook for revenue and adjusted OIBDA growth rate at +2 pct/-2 pct confirmed;.Rosneft's <<>> lawsuit against MTS' parent company Sistema SSAq.L<<>> has no impact on MTS' operational activity, strategy or dividend payments. .  Full Article

Russia's MTS recommends 2016 dividend payment of 15.6 roubles/share
Wednesday, 12 Apr 2017 09:45am EDT 

Russia's biggest mobile phone operator Mobile TeleSystems (MTS) : Says its Board of Directors recommended dividend payment of 15.6 roubles per share (31.2 roubles per ADR) for 2016; . The company's 2015 dividend payment was at 14.01 roubles per share. Further company coverage: [MTSS.MM] (Reporting by Moscow Newsroom) ((Polina.Devitt@thomsonreuters.com;)).  Full Article

Russia's Sistema approves final 2016 dividend, amends policy
Monday, 3 Apr 2017 03:25am EDT 

Russia's holding company Sistema says: The board of directors has recommended a final dividend for 2016 of 0.81 roubles ($0.0145) per share, or 7.8 billion roubles in total; . The total amount of the interim and final dividends for 2016 is expected to be 11.5 billion roubles, which is equivalent to a dividend yield of 6 percent based on Sistema's weighted average share price in 2016; . Sistema has adopted a new dividend policy targeting minimum annual dividend per share and minimum dividend yield; . On April 1, 2017, Sistema's board approved increases of minimum annual dividend yield to 6 percent from 4 percent and minimum dividend per share to 1.19 roubles from 0.67 roubles. Further company coverage: [AFKS.MM] ($1 = 56.0363 roubles) (Reporting By Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article