Sony Pixel Power calrec Sony

MTS Tender Offer Announcement of Preliminary Results

15/02/2017

On January 17, 2017, the Company announced details of a tender offer (the Tender Offer ) to return cash of up to RUB 4,647,186,170/US$77,343,404 to its Holders of shares of Common Stock and ADS Holders ( Shareholders ) and that an Offer to Purchase (the Offer to Purchase ), containing the terms and Conditions of the Tender Offer, was being published on January 17, 2017, as amended by announcement on February 1, 2017. The Company announced today the preliminary results and proration of the Tender Offer, which expired at 10:00 a.m. (Moscow time) on February 15, 2017 for Common Stock and at 11:59 p.m. (New York City time) on February 14, 2017 for ADSs.

Based on the preliminary count by the Common Stock Tender Agent and the ADS Tender Agent, respectively, a total of 20,381,203 shares of Common Stock (including shares of Common Stock represented by ADSs) were properly tendered and not withdrawn by Shareholders which exceeds the maximum amount of shares of Common Stock which may be purchased and a proration factor will apply. In accordance with the terms and Conditions of the Tender Offer and based on the preliminary count by the Common Stock Tender Agent and the ADS Tender Agent, respectively, the Offeror expects to accept for purchase a total of 16,024,779 shares of Common Stock (including shares of Common Stock represented by ADSs) at a price per share of Common Stock (referred to as the Strike Price ) of RUB 290.00 per share of Common Stock, for a total cost of RUB 4,647,185,910. Based on these amounts, the Offeror has calculated that its proration factor is approximately 0.7863. These shares of Common Stock (including shares of Common Stock represented by ADSs) represented approximately 0.80% of the Company's Issued Share Capital as of January 13, 2017.

As described in the Offer to Purchase, in connection with the Tender Offer, the Offeror and Sistema Finance S.A. ( Sistema Finance ), a subsidiary of the Company s majority shareholder Sistema Public Joint Stock Financial Corporation ( Sistema ), entered into the Sistema Purchase Agreement pursuant to which Sistema Finance agreed not to tender and sell any shares in the Tender Offer (and to procure that none of its affiliates will tender or sell any shares in the Tender Offer) and instead agreed to sell to the Offeror, following completion of the Tender Offer, a pro rata number of shares of Common Stock based on the number of shares that the Offeror purchases in the Tender Offer, such that Sistema s (together with its affiliated entities ) aggregate percentage ownership and voting power in the Company after the Tender Offer would be substantially equal to Sistema s and such affiliates ownership and voting power as at the date of the commencement of the Tender Offer. Based on the 16,024,779 shares of Common Stock (including shares of Common Stock represented by ADSs) the Offeror expects to purchase in the Tender Offer, the Offeror expects to purchase up to 16,041,310 shares of Common Stock from Sistema Finance under the Sistema Purchase Agreement for an aggregate purchase price of up to RUB 4,651,979,900. As such, the Offeror expects to purchase a total of 32,066,089 shares of Common Stock through the Tender Offer and under the Sistema Purchase Agreement at the Strike Price of RUB 290.00 per share, for a total cost of RUB 9,299,165,810. These shares of Common Stock (including shares of Common Stock represented by ADSs) represented approximately 1.60% of the Company's Issued Share Capital as of January 13, 2017.

The number of shares of Common Stock (including shares of Common Stock represented by ADSs) expected to be purchased in the Tender Offer and under the Sistema Purchase Agreement and the Strike Price are preliminary and subject to change. The preliminary information contained in this announcement is subject to final confirmation by the Common Stock Tender Agent and the ADS Tender Agent and is based on the assumption that all shares of Common Stock tendered will be delivered within the settlement period as set out in the Offer to Purchase. The final number of shares of Common Stock (including shares of Common Stock represented by ADSs) to be purchased in the Tender Offer, the final Strike Price per share and the number of shares of Common Stock expected to be purchased under the Sistema Purchase Agreement will be announced following the expiration of the settlement period as described in the Offer to Purchase and completion by the Common Stock Tender Agent and the ADS Tender Agent of their respective confirmation process. Payment for the shares of Common Stock (including shares of Common Stock represented by ADSs) accepted for purchase pursuant to the Tender Offer, and the return of all other shares of Common Stock (including shares of Common Stock represented by ADSs) tendered and not purchased, will occur thereafter as set out in the Offer to Purchase. The closing of the purchase under the Sistema Purchase Agreement is subject to customary conditions and will occur no earlier than on the eleventh business day following the expiration of the Tender Offer but during the period from the second to fourth business day following announcement of the final Tender Offer results.

Capitalised terms used in this announcement shall have the same meaning ascribed to them in the Offer to Purchase published by the Company on January 17, 2017, as amended on February 1, 2017.

Cautionary Statement This announcement contains (or may contain) certain forward-looking statements with respect to the Company's current expectations and projections about future events. These statements, which sometimes use, but are not limited to, words such as anticipate', believe', intend', estimate', expect' and words of similar meaning, reflect the directors' beliefs and expectations and involve a number of risks, uncertaintie
LINK: http://www.mtsgsm.com/news/2017-02-15-105330...
See more stories from mts

Most recent headlines

05/02/2025

ESPN Viewing Hits Decade-Long Highs in January

ESPN is reporting that its NFL playoffs and College Football Playoff games in January boosted audiences to levels not seen at the network in years....

05/02/2025

Roku Remains Top U.S. Streaming Device

A new study from Pixalate indicates that Roku remains by far the dominant player among streaming devices in North America where its market share was more than d...

05/02/2025

Panasonic To Ship New 4K 60p 10-Bit Camcorders In March

NEWARK, N.J. Panasonic next month will release new 4K 60p 10-bit professional camcorder models, including the AG-CX20, HC-X1200 and HC-X2100 for video productio...

05/02/2025

Tegna Shuts Down National Fact-Checking Operation

WASHINGTON Tegna has shut down Verify, the station group's national fact-checking operation, laying off around 18 journalists, producers, researchers and ot...

05/02/2025

FCC Chair Brendan Carr Fills More Key Staff Positions

WASHINGTON, D.C. Federal Communications Commission chair Brendan Carr continues to build out his leadership team with the announcement of more staff appointment...

05/02/2025

Sanctuary Pictures Unveils Punk-Horror Feature Penny Lane Is Dead

04 02 2025 - Media release Sanctuary Pictures Unveils Punk-Horror Feature Penny Lane Is Dead Writer/Director of Penny Lane Is Dead, Mia'Kate Russell Sanc...

05/02/2025

Faculty Notes: Fall 2024

Faculty Notes: Fall 2024 Recent accomplishments, releases, and events by Berklee faculty. February 4, 2025 Professor Tomo Fujita played the John Coltrane In...

04/02/2025

Spotify Reports Fourth Quarter 2024 Earnings

Today, we announced our fourth quarter 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating our first full year of p...

04/02/2025

Spotify rapporterar intkter fr fjrde kvartalet 2024

Idag rapporterar vi int kter f r fj rde kvartalet 2024. Vi avslutade Q4 starkare n n gonsin genom att vertr ffa f rv ntningarna p v ra nyckeltal och kan d rm...

04/02/2025

SGL Carbon opts for green electricity at its German sites

As a technology-based company and one of the worlds leading companies in the development and production of carbon-based solutions, SGL Carbon opts for innovativ...

04/02/2025

ST Engineering iDirect Names Sridhar Kuppanna as Chief Technology Officer

Ground segment technology innovator appoints new CTO to execute bold technological vision Herndon, Va., February 4, 2025 ST Engineering iDirect, global leade...

04/02/2025

L3Harris Signs Multi-Year Pilot Training Agreement With Thai Airways

L3Harris has signed a two-year agreement with Thai Airways International to provide training service on its A320 Full Flight Simulator (FFS). This significant a...

04/02/2025

US Air Force Completes First Flight of L3Harris Viper Shield Electronic Warfare System

L3Harris' all-digital electronic warfare suite, Viper Shield , completed its...

04/02/2025

Radio Botswana chooses Calrec's IP-native Type R mixing system

The shift from analogue to IP was driven by a desire for greater flexibility in our operations. IP simplifies connectivity, reduces the physical footprint of th...

04/02/2025

Simplifying Gray Media News Operations with Calrec's Type R

Streamline, standardise and save: how Gray Media has simplified news operations At TVNewsCheck's News Tech Forum 2024, Gray Media's Peter Gogas and Calr...

04/02/2025

Bending Spoons closes $233 million acquisition of Brightcove

Boston, MA-February 4, 2025 | Bending Spoons, the Italy-based technology company, completed its previously announced acquisition of US-based streaming technolog...

04/02/2025

Grup Mediapro to Collaborate with Google Cloud on Gen AI

BARCELONA Grup Mediapro and Google Cloud have expanded their collaboration to create an innovation lab focused on generative AI to develop solutions for the med...

04/02/2025

EditShare Receives SOCE 2 Type II Certification

WATERTOWN, Mass. EditShare this week said it has received SOC 2 Type II certification, an independently audited evaluation of an organization's information ...

04/02/2025

Executive Creative Director Halle Petro Named Partner of Sonic Union

Executive Creative Director Halle Petro Named Partner of Sonic Union Brie Clayton February 4, 2025 0 Comments Sonic Union is excited to announce Execu...

04/02/2025

Blackmagic Design Announces Blackmagic Camera for Android 2.0 Update

Blackmagic Design Announces Blackmagic Camera for Android 2.0 Update Brie Clayton February 4, 2025 0 Comments New update adds support for Xiaomi Pad 6...

04/02/2025

CETA Software Launches Artist Access: The Time-Tracking Tool for Creative Teams

CETA Software Launches Artist Access: The Time-Tracking Tool for Creative Teams Brie Clayton February 4, 2025 0 Comments CETA Software, creators of p...

04/02/2025

OWC Announces General Availability Launch of OWC Dock Ejector 2.0

OWC Announces General Availability Launch of OWC Dock Ejector 2.0 Brie Clayton February 4, 2025 0 Comments The Ultimate Tool for Efficiently and Safel...

04/02/2025

Colourist Claudio Del Bravo on grading Queer

Explaining the process to TVBEurope, Del Bravo said the films look was inspired by the Technicolor three-strip' process, evoking the rich colours of early ...

04/02/2025

Paramount, Nielsen Sign Multiyear Measurement and Analytics Deal

NEW YORK Paramount Global and Nielsen have inked a new, multiyear deal that will provide measurement for all of the company's platforms, including national ...

04/02/2025

2d Animated Short Concerning a Project for Schools

2d Animated Short Concerning a Project for Schools Brie Clayton February 3, 2025 0 Comments 2d animated short concerning a project for schools Febru...

04/02/2025

Step by step guide to using 3D Models in After Effects

Step by step guide to using 3D Models in After Effects Graham Quince February 3, 2025 0 Comments Since 2024, Adobe After Effects has had native suppor...

04/02/2025

Powerful Premiere Automation with new Excalibur Update

Powerful Premiere Automation with new Excalibur Update Colin Smith February 3, 2025 0 Comments This tutorial takes you through the new update for auto...

04/02/2025

Cinematography of A Complete Unknown: Shooting 12,800 iso Sony Venice 2 to create a 1960's era film

Cinematography of A Complete Unknown: Shooting 12,800 iso Sony Venice 2 to creat...

04/02/2025

DIY to DA: Ela Minus Breaks Through

DIY to D A: Ela Minus Breaks Through The electronic artist and producer tells Rolling Stone about her new album, D A, and how shes forged a career outside the...

04/02/2025

NVIDIA Blackwell Now Generally Available in the Cloud

AI reasoning models and agents are set to transform industries, but delivering their full potential at scale requires massive compute and optimized software. Th...

04/02/2025

The Future of Football? Technology and Entertainment Merge in the Kings World Cup Nations

The future of football? Technology and entertainment merge in the Kings World Cu...

04/02/2025

Virtual Production and AR Graphics: Demystifying the Tools, Technologies, and Trends

Virtual Production and AR Graphics: Demystifying the Tools, Technologies, and Tr...

04/02/2025

SVG All-Stars: Russell Fink, Senior Director, Programming and Content Analytics, SNY

SVG All-Stars: Russell Fink, Senior Director, Programming and Content Analytics,...

04/02/2025

SVG New Sponsor Spotlight: farmerswife's Jodi Clifford on Organizing Your Productions Like a Professional

SVG New Sponsor Spotlight: farmerswife's Jodi Clifford on Organizing Your Pr...

04/02/2025

EA Acquires TRACAB Technologies as It Looks to Move Beyond Games

EA Acquires TRACAB Technologies as It Looks to Move Beyond Games EA believes TRACABs sports tracking/analysis technology will help to make the EA SPORTS App the...

04/02/2025

Kingdom Come: Alamiya Media on Bringing the Supercoppa Italiana and Supercopa de Espaa to Saudi Arabia

Kingdom come: Alamiya Media on bringing the Supercoppa Italiana and Supercopa de...

04/02/2025

Alamiya Media at 50: Preparing for Rapid Change, an International Broadcast Center and the FIFA World Cup

Alamiya Media at 50: Preparing for rapid change, an international broadcast cent...

04/02/2025

An update on our TV and broadband prices

An update on our TV and broadband pricesTuesday 4 February 2025 An update on our TV and broadband prices Devesh Raj, Chief Operating Officer, Sky This April,...

04/02/2025

Sky extends partnership with the PDC to remain the home of darts until 2030

Sky extends partnership with the PDC to remain the home of darts until 2030Tuesday 4 February 2025 Following another record-breaking PDC World Darts Championsh...

04/02/2025

Frankfurt is the world's first airport to regularly use walk-through scanners from Rohde & Schwarz for passengers

Frankfurt is the world's first airport to regularly use walk-through scanner...

04/02/2025

Riedel Unveils Next Generation of StageLink Edge Devices

Wuppertal February 4, 2025 Riedel Unveils Next Generation of StageLink Edge DevicesRiedel Communications today announced the launch of its StageLink family of...

04/02/2025

Fox Corporation Reports Second Quarter Fiscal 2025 Financial Results

Fox Corporation Reports Second Quarter Fiscal 2025 Financial Results NEW YORK, NY, February 4, 2025 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Compan...

04/02/2025

Introducing our fully digital, true diversity wideband wireless mic solution

DPA Microphones is moving into the wireless market with the release of its new N-Series Digital Wireless System at ISE 2025 (Stand 7P600). A fully digital, true...

04/02/2025

2025-02-04

CUPERTINO, CALIFORNIA Apple today introduced Apple Invites, a new app for iPhone that helps users create custom invitations to gather friends and family for any...

04/02/2025

ABS appoints Sameer Karimbhai as New General Counsel

ABS appoints Sameer Karimbhai as New General Counsel...

04/02/2025

Thales Alenia Space signs a contract with Mohammed Bin Rashid Space Centre to develop the Emirates Airlock Module, a critical element of Lunar Gateway

Facebook Twitter LinkedIn Thales Alenia Space strengthens its cooperation with the UAE as a key partner in future space missions Cannes, February 4th, 20...

04/02/2025

RT Internship Programme 2025 - Applications Now Open

We're thrilled to announce that applications for the 2025 RT Internship Programme are now open....

04/02/2025

Jack Woolley tops the Dancing with the Stars leaderboard in Dedicated Dance Week

Jack Woolley topped the leaderboard in what was an emotional night on Dancing with the Stars, as the remaining nine couples took to the floor for Dedicated Danc...