Form 6-K MOBILE TELESYSTEMS PJSC For: Jun 25
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June, 2021
Commission File Number: 001-15094
Mobile TeleSystems PJSC
(Translation of registrant’s name into English)
4, Marksistskaya Street
(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 ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
MTS Announces Board Decisions
June 25, 2021
MOSCOW, Russia — Mobile TeleSystems PJSC (“MTS” or “the Company” - NYSE:MBT; MOEX: MTSS), Russia’s largest mobile operator and a leading provider of media and digital services, announces the decisions reached at the meeting of the Company’s Board of Directors (“BoD” or “the Board”) held on June 24, 2021.
The Board adopted the following decisions:
|·||To re-elect Felix Evtushenkov as Chairman of the Board of Directors and Regina von Flemming as Deputy Chairperson of the Board of Directors|
|·||To confirm the status of Vyacheslav Nikolaev as executive director|
|·||To confirm the status of Felix Evtushenkov and Artem Zassoursky as non-executive directors|
|·||To confirm the status of Regina von Flemming, Shaygan Kheradpir, Thomas Holtrop, Nadia Shouraboura, Konstantin Ernst, and Valentin Yumashev as independent directors|
|·||To form the membership of the following committees under the Board of Directors: Audit Committee; Remuneration & Nomination Committee; Committee on Corporate Governance and Environmental & Social Responsibility (ESG); Strategy Committee; Special Project Committee for Co-locating Moscow-based Employees in a Unified Office Space; and Special Committee on Compliance Matters|
|·||To approve the following membership of the MTS Management Board effective July 1, 2021:|
|o||Vyacheslav Nikolaev, President & CEO|
|o||Inessa Galaktionova, First Vice President for Telecommunications|
|o||Alexey Barsegian, Vice President for Corporate & Legal Affairs|
|o||Igor Egorov, Vice President for Infrastructure Development|
|o||Ilya Filatov, Vice President for Financial Services and CEO, MTS Bank|
|o||Alexander Gorbunov, Vice President for Strategy & Development|
|o||Ruslan Ibragimov, Vice President for Government Relations|
|o||Farid Kamalov, Vice President for Retail Development|
|o||Andrey Kamensky, Vice President for Finance|
|o||Alexander Khanin, Vice President for Artificial Intelligence|
|o||Igor Mishin, Vice President for Media|
|o||Pavel Voronin, Vice President for Technology|
|o||Olga Ziborova, Vice President for Ecosystem Development and Marketing|
* * *
For further information, please contact in Moscow:
Investor Relations Department
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
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) is Russia’s largest mobile operator and a leading provider of network-native digital services. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as cloud computing and IoT. By early 2021, there were more than 86 million mobile subscribers using MTS services across the company’s operations in Russia, Armenia, and Belarus, including around 78 million subscribers in Russia alone. In addition, MTS has a nationwide network of more than 5,000 owned and franchised retail outlets in Russia, and provides nearly 10 million households with broadband, TV, and/or fixed-line telephone connectivity. MTS is majority-owned by Sistema PJSFC, a publicly-traded Russian investment company. MTS’s depositary receipts are listed on the New York Stock Exchange under the ticker MBT and its shares on the Moscow Exchange under the ticker MTSS. For more information, please visit the company’s Investor Relations website at 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.
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/ Vyacheslav Nikolaev|
|Date: June 25, 2021|
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