Mandatory tender offer to shareholders of OJSC Sintez

Moscow, 03 March 2020 – Sistema PJSFC (hereinafter, “Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that Sinocom Investments Limited (“Sinocom”) on 03 March 2020 delivered to Sintez Kurganskoe Medical Products Company OJSC (hereinafter, “OJSC Sintez”) a mandatory tender offer to shareholders of OJSC Sintez for the acquisition of their ordinary and preferred shares. The purchase price is set at RUB 62 156.53 per one ordinary share and at RUB 5 269.07 per one preferred share.

In August 2019, Sistema, together with a financial partner, acquired a 46.5% equity stake in OJSC Sintez through a holding company Sinocom.

For the purposes of the mandatory tender offer the price of shares is determined as the highest of the price of their acquisition and the market price determined by an independent appraiser. The terms of the public offer are available in the disclosure system at


Sistema PJSFC is a Russian publicly traded diversified holding company serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism and healthcare. The company was founded in 1993. Its revenue in 2018 reached RUB 773.9 bn; its total assets equalled RUB 1.5tn as of 31 December 2018. 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. Further information is available at

For further information, please visit or contact:

IR Service
Nikolay Minashin
Phone: +7 (495) 730 66 00

Press Service
Sergey Kopytov
Phone: +7 (495) 228 15 32

Sistema Q1 2020 IFRS Financial Results Conference Call

May 28, 2020

Results of the mandatory tender offer to shareholders of OJSC Sintez

May 25, 2020

Sistema closes order book on RUB 15 bn series 001P-13 exchange-traded bonds

May 20, 2020

Sistema announces decisions of its Board of Directors

May 17, 2020

журнал «Система»