August 23, 2018 / 10:39 AM / a month ago

BRIEF-Russia's Megafon says 18.6 pct of shares tendered in buyback offer

Aug 23 (Reuters) - Russia’s second biggest mobile phone operator Megafon says:

* As of the expiration time of a tender offer, 57,031,834 ordinary shares and 58,293,820 GDRs had been tendered for sale;

* The total number of ordinary shares and GDRs tendered in the offer represents in the aggregate 18.60 percent of Megafon’s outstanding ordinary shares as of Aug. 23, 2018;

* MegaFon Investments Limited had offered to purchase up to 128,950,036 ordinary shares, including GDRs, representing 20.80 percent of the issued and outstanding ordinary shares of the company, at a purchase price of $9.75;

* Pursuant to the resolution of the board of directors, as earlier announced, Megafon will commence the process of cancelling the listing of its GDRs on the London Stock Exchange Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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