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AFK Sistema PAO (SSAq.L)

SSAq.L on London Stock Exchange

3.45USD
14 Dec 2017
Change (% chg)

$0.05 (+1.32%)
Prev Close
$3.40
Open
$3.41
Day's High
$3.51
Day's Low
$3.41
Volume
302,398
Avg. Vol
1,133,297
52-wk High
$10.15
52-wk Low
$3.07

Latest Key Developments (Source: Significant Developments)

Detsky Mir Says Operates In Usual Way
Thursday, 14 Dec 2017 05:34am EST 

Dec 14 (Reuters) - Detsky Mir ::SAYS IN CONNECTION WITH ARREST OF DETSKY MIR SHARES OWNED BY SISTEMA IT OPERATES IN USUAL WAY.SAYS ABOVE ISSUES DO NOT AFFECT OPERATIONAL ACTIVITIES OF DETSKY MIR.SAYS ABOVE ISSUES DO NOT IMPOSE RESTRICTIONS ON OPERATIONS WITH SHARES OF DETSKY MIR THAT ARE OWNED BY OTHER SHAREHOLDERS.SAYS ABOVE ISSUES DO NOT IMPOSE RESTRICTIONS ON OTHER SHAREHOLDERS RIGHTS TO RECEIVE DIVIDENDS.  Full Article

Sistema says it Received Legal Claim Filed By Rosneft, Pjsoc Bashneft Seeking Damages From Co, Units for Rub 131.64 Bln‍​
Tuesday, 12 Dec 2017 02:19pm EST 

Dec 12 (Reuters) - Afk Sistema Pao ::SISTEMA -RECEIVED LEGAL CLAIM FILED BY ROSNEFT AND PJSOC BASHNEFT SEEKING DAMAGES FROM CO, UNITS JSC SISTEMA-INVEST IN THE AMOUNT OF RUB 131.64 BLN‍​.SISTEMA -DISPUTES CLAIM AND INJUNCTIONS; CONSIDERS DEMANDS AND ACTIONS OF ROSNEFT AND PJSOC BASHNEFT TO BE "UNLAWFUL, BASELESS AND KNOWINGLY DISHONEST".SISTEMA -WILL PRESENT COURT WITH SUBSTANTIATED DEFENSE OF ALL OF THE CLAIMANTS’ ARGUMENTS.  Full Article

Sistema And RCIF Complete Offering Of Detsky Mir Shares
Tuesday, 12 Dec 2017 08:52am EST 

Dec 12 (Reuters) - DETSKY MIR ::SISTEMA <<>> AND RCIF HAVE COMPLETED ACCELERATED BOOKBUILDING OFFERING OF 46.5 MILLION ORDINARY SHARES IN DETSKY MIR.  Full Article

Sistema, RCIF sell 6.3% Stake In Detsky Mir
Tuesday, 12 Dec 2017 01:42am EST 

Dec 12 (Reuters) - Sistema ::SISTEMA TOGETHER WITH THE RUSSIA-CHINA INVESTMENT FUND SOLD 6.3% OF DETSKY MIR SHARE CAPITAL.SAYS THE OFFERING WAS PRICED AT RUB 90 PER SHARE.SAYS SISTEMA SOLD ABOUT 5% DETSKY MIR, WILL RECEIVE APPROXIMATELY RUB 3.3 BILLION IN PROCEEDS.SAYS FOLLOWING THE OFFERING, SISTEMA WILL RETAIN 47.1% IN THE SHARE CAPITAL OF DETSKY MIR.SAYS FOLLOWING THE OFFERING RCIF WILL OWN 12.7% OF DETSKY MIR.SAYS DETSKY MIR FREE FLOAT IT EXPECTED TO REACH APPROXIMATELY 40.2% FOLLOWING THE OFFERING.  Full Article

Sistema And RCIF Launch Offering For Up To 8% Of Detsky Mir Shares
Monday, 11 Dec 2017 11:36am EST 

Dec 11 (Reuters) - SISTEMA ::TOGETHER WITH RUSSIA-CHINA INVESTMENT FUND (RCIF) ANNOUNCE LAUNCH OF OFFERING OF UP TO 8% OF DETSKY MIR ORDINARY SHARES.6.3% OF DETSKY MIR <<>> SHARES EXPECTED TO BE SOLD BY SISTEMA AND UP TO 1.7% SHARES TO BE SOLD BY RUSSIA-CHINA INVESTMENT FUND.CREDIT SUISSE SECURITIES (EUROPE) LIMITED AND MORGAN STANLEY & CO. INTERNATIONAL PLC ARE ACTING AS JOINT BOOKRUNNERS IN CONNECTION WITH OFFERING.  Full Article

Russia's Sistema says IPO of Segezha possible in late 2018-early 2019
Monday, 27 Nov 2017 09:29am EST 

Nov 27 (Reuters) - Russian conglomerate Sistema SSAq.L told a conference call on Monday::The initial public share offering (IPO) of its pulp and paper business Segezha is possible by the end of 2018 or in early 2019..  Full Article

Russia's Sistema says Q3 net profit rises to 4.5 bln rbls
Monday, 27 Nov 2017 02:00am EST 

Nov 27 (Reuters) - Russian conglomerate Sistema said on Monday::Net profit in the third quarter totalled 4.45 billion roubles ($76.24 million) versus 1.12 billion roubles in the same period of 2016;.Q3 adjusted net profit attributable to Sistema at 5.17 billion roubles versus 5.53 billion roubles in Q3 2016;.Q3 revenue was up 2.1 percent year-on-year to 180.59 billion roubles;.Q3 adjusted operating income before depreciation and amortisation (OIBDA) was up 1.6 percent year-on-year to 55.63 billion roubles;.Cash position was at 20.4 billion roubles excluding 9.8 billion roubles in 2016 dividends from MTS and BPGC frozen as part of Sistema's legal dispute with Rosneft;.Net debt totalled 99.5 billion roubles as of Sept. 30;."We continue to defend our interests in the appeals courts following the Republic of Bashkortostan Arbitration Court's ruling in the Bashneft case.".  Full Article

Russia's Sistema says completed merger of its Indian telecom business with Reliance
Tuesday, 31 Oct 2017 08:37am EDT 

Oct 31 (Reuters) - Russia's AFK Sistema says::Has completed the merger of its Indian telecommunications business with Reliance Communications Ltd ("RCom"), one of India's leading telecommunications operators. The merger has been approved by all relevant Indian regulators and courts;.As part of the transaction the telecommunications business of Sistema's subsidiary, Sistema Shyam TeleServices Ltd. ("SSTL"), including its licenses and obligations with respect to the 800-850 MHz frequency range, has been transferred to RCom;.SSTL now owns a 10 percent equity stake in RCom following a new share issue of the Indian operator;​.  Full Article

Russia's Sistema recommends 9-mth dividend of 0.68 rbls/share
Monday, 16 Oct 2017 02:57am EDT 

Oct 16 (Reuters) - Russian business conglomerate Sistema says::The ‍board of directors recommended dividends of 0.68 roubles per ordinary share (13.6 roubles per GDR) for the first nine months of 2017;​.The recommended total amount of dividends is 6.56 billion roubles ($114.9 million).​.  Full Article

Russia's MTS says buys back 0.12 pct of its total share capital
Wednesday, 27 Sep 2017 10:49am EDT 

Sept 27 (Reuters) - Russian mobile phone operator MTS MBT.N says::It recently acquired 2,319,050 MTS shares of Common Stock, including shares of Common Stock represented by ADSs;.The buy back represents 0.116 percent of share capital issued by MTS;.MTS said on Sept. 6 it planned to repurchase up to 20 billion roubles, seen as equivalent to $345.7 million, of its own shares. nR4N1LF02K.  Full Article

Russian conglomerate Sistema's real estate unit shelves bond sale

MOSCOW, Dec 15 Lider Invest, a real estate unit of Russian business conglomerate Sistema, said on Friday it had postponed indefinitely a planned bond sale, citing an unfavourable environment.