Sistema JSFC buys back USD 70M worth of shares

Sistema JSFC buys back USD 70M worth of shares Sistema JSFC bought back 375 972 of its GDRs for USD 16,61 per share and 4 311 019 of its subsidiary MTS (Mobilnye Telesistemy) ADRs for USD 13,92 per share.

Sistema JSFC also bought 8 745 100 of its ordinary shares for 20,97 roubles per share. The bought shares won’t be annulled – they will be used for corporate purposes.

The amount of money used for the payback totaled over USD 70M.