MegaFon announces full settlement of its obligation in relation to acquisition of a controlling stake in Mail.Ru Group
Moscow, Russian Federation (29 December 2017) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital solutions (“MegaFon” or the “Company”), announces the completion of all payments due under the Share Purchase Agreement for its acquisition of an approximately 63.8% voting stake in Mail.Ru Group Limited (LSE: MAIL) (“Mail.Ru”).
MegaFon has made the final payment of the consideration under the Share Purchase Agreement dated as of 23 December 2016 (the “Agreement”) with New Media and Technology Investment LP, New Media Technologies Capital Partners Limited and Ardoe Finance Limited, subsidiaries of USM Holdings, a controlling shareholder of MegaFon. Pursuant to the Agreement, MegaFon acquired 11.5 mln Class A shares and 21.9 mln ordinary shares representing an approximately 15.2% of the charter capital and 63.8% voting stake in Mail.Ru on 9 February 2017 (the “Closing date”), as earlier reported at: corp.megafon.com/investors/news/...leases/20170209-1853.html.
The payment was in the amount of US$100 million plus interest accrued thereon from the Closing date, as earlier announced at: corp.megafon.com/investors/news/...leases/20170123-1238.html.
Additional information related to the acquisition of 63.8% voting stake in Mail.Ru is available at: corp.megafon.com/ai/document/9674/file/...ail.Ru_Group_Eng.pdf and corp.megafon.com/investors/news/...leases/20161223-1000.html.
Werbung
