Pursuant to the decision taken at the Company’s Extraordinary General Meeting of Shareholders1 on 20 January 2017, MegaFon has completed the Acquisition of a 11,500,100 Class A Shares and 21,940,148 Ordinary Shares, representing an approximately 15.2% of the charter capital and 63.8% voting stake in Mail.Ru Group Limited from New Media and Technology Investment LP, New Media Technologies Capital Partners Limited and Ardoe Finance Limited, subsidiaries of USM Holdings.
The total consideration for the Acquisition was US$ 740 million. The Company paid US$ 640 million in cash at closing (the “Closing”) earlier today, while the remaining consideration in the amount of US$ 100 million will be paid on a deferred basis in one year after the Closing.
Additional information related to the Acquisition, is available on the Company’s website at http://corp.megafon.com/ai/document/9674/file/Acquisition_of_stake_in_Mail.Ru_Group_Eng.pdf and http://corp.megafon.com/investors/news/capital_market_releases/20161223-1000.html
1 Given that the Acquisition is an interested party transaction under Russian law, affiliates of USM Holdings, the Company’s controlling shareholder, who hold MegaFon shares, did not vote on the Acquisition.
Moscow, Russian Federation (04 October 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital solutions, (“MegaFon” or the “Company”), announces that following the application to the United Kingdom Listing Authority and the London Stock Exchange (“LSE”), as earlier reported at: https://corp.megafon.com/investors/news/capital_market_releases/20180906-1909.html, the listing and admission to trading of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 58517T209 and 58517T100, respectively, ISIN: US58517T2096 and US58517T1007, respectively, SEDOL: B8PQQ77 and B832YZ1, respectively), each representing one ordinary share of the Company (each, a “Share”), on the LSE has been cancelled with effect from start of trading on October 5, 2018.