Investegate |Sistema PJSFC Announcements | Sistema PJSFC: Sistema announces financial results for the second quarter 2021 investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Adjusted OIBDA increased by 6.1% year-on-year to RUB 56.2 billion. Adjusted OIBDA margin decreased by 0.2 p.p. year-on-year to 29.1%. Adjusted net profit attributable to Sistema was RUB 20.9 billion.
IPO of Ozon[3]. In November 2020 Ozon held an IPO of American Depositary Shares (ADSs) on the NASDAQ and obtained a listing of its ADSs on Moscow Exchange. Total proceeds to the company, including the greenshoe as well as proceeds from a parallel private placement in which Sistema invested USD 67.5 million, totalled approximately USD 1.25 billion. Following completion of the IPO, fulfilment of the private placement agreement and conversion of convertible loans previously provided to Ozon, Sistema s total stake in Ozon stood at 33.1%[4].