FORM 6-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Issuer
April 10, 2019

 

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

 

Commission file number:  333-12032

 

Mobile TeleSystems PJSC

(Exact name of Registrant as specified in its charter)

Russian Federation

(Jurisdiction of incorporation or organization)

 

4, Marksistskaya Street
Moscow 109147
Russian Federation

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F   x   Form 40-F   o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes   o   No   x

 

 

 


 

 

MTS Announces Decisions of its Board of Directors

 

April 10, 2019

 

Moscow, Russian Federation — MTS PJSC (“MTS” — NYSE: MBT; MOEX: MTSS), the leading Russian telecommunications operator and digital service provider, announces the decisions reached at the meeting of the Board of Directors (“the Board”) held on April 10, 2019.

 

At the meeting, the Board set the date of the Company’s Annual General Meeting of Shareholders (“the AGM”) for June 27, 2019. The record date for the Company’s shareholders and ADR-holders entitled to participate in the AGM has been set for May 24, 2019.

 

At the meeting, the Board took the following decisions:

 

·                  The Board recommended that the AGM approve annual dividends of RUB 19.98 per ordinary MTS share (RUB 39.96 per ADR), or a total of RUB 39.9 billion (RUB 39,927,310,941.78), based on the full-year 2018 financial results.

·                  The Board recommended that the AGM set the record date for shareholders and ADR-holders entitled to receive dividends for the 2018 fiscal year for July 9, 2019.

 

The Board also approved the Management Board in the following composition:

 

·                  Alexey Kornya, President and Chief Executive Officer - Chairman of the Management Board,

·                  Andrey Kamensky, Vice President, Finance, Investments and M&A,

·                  Alexander Gorbunov, Vice President, Strategy and Development,

·                  Andrei Ushatsky, Vice President, Technology and IT,

·                  Inessa Galaktionova, Vice President, Sales and Customer Service,

·                  Igor Yegorov, Director, Moscow Region,

·                  Kirill Dmitriev, Vice President, Digital Solutions for Home,

·                  Marya Golyandrina, Vice President, Human Resources,

·                  Ruslan Ibragimov, Vice President, Corporate and Legal Affairs,

·                  Vyacheslav Nikolaev, Vice President, Marketing, and

·                  Valery Shorzhin, Vice President, Digital Business Solutions.

 

The Board approved the Special Committee on compliance matters in the following composition:

 

·                  Thomas Holtrop, Independent Director - Chairman of the Special Committee,

·                  Artem Zassoursky, Vice President, Head of Strategy, Member of the Executive Management, Sistema PJSFC,

·                  Regina von Flemming, Independent Director,

 

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·                  Vsevolod Rozanov, Managing Partner, Member of the Executive Management, Sistema PJSFC,

·                  Dr. Wolfgang Schussel, Independent Director,

·                  Julia Romashkina, Director, Compliance Department.

 

In addition, matters submitted to the AGM agenda by the Company’s Board include:

 

·                  Procedure for conducting the AGM;

·                  Approval of MTS PJSC Annual Report; MTS PJSC Annual Financial Statements, including MTS PJSC Profit & Loss Statement; distribution of profits and losses of MTS PJSC based on 2018 FY results (including payment of dividends);

·                  Election of members of Board of Directors;

·                  Election of members of Auditing Commission;

·                  Approval of the auditor;

·                  Approval of the Regulations on the General Meeting of Shareholders as amended and restated;

·                  Cancellation of earlier adopted resolutions by the AGM;

·                  Approval of the reorganization of MTS PJSC through the consolidation of subsidiaries within MTS PJSC; and

·                  Approval of amendment to MTS Charter following the reorganization.

 

* * *

 

For further information, please contact in Moscow:

 

Investor Relations Department

Mobile TeleSystems PJSC

Tel: +7 495 223 2025

E-mail: ir@mts.ru

 

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.ir.mts.ru/ir-blog

 

* * *

 

Mobile TeleSystems PJSC (“MTS” - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories.

 

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MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.ir.mts.ru.

 

* * *

 

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” and the negative of such terms or other similar expressions.  We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company’s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

 

* * *

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

MOBILE TELESYSTEMS PJSC

 

 

 

 

 

 

 

By:

/s/ Alexey Kornya

 

 

Name:

Alexey Kornya

 

 

Title:

CEO

 

 

 

 

Date:   April 10, 2019