The bailiffs lifted the ban on the receipt of Sistema’s dividends from MTS

© RIA Novosti / Ramil to Setdiscoverable in fotobounce company AFK Sistema. Archival photoThe bailiffs lifted the ban on the receipt of Sistema’s dividends from MTS© RIA Novosti / Ramil to Setdiscoverable the image Bank

The bailiffs in the framework of the implementation of the settlement agreement «Rosneft» and AFK «System» has removed restrictions on the receipt by the Corporation of revenues for MTS shares, network blade «Medsi» and «Bashkir electric grid company» (BESK), reported AFK.

«In accordance with the decision of management of Federal bailiff service in Moscow from 26 December lifted restrictions on the receipt of income on which a Corporation and JSC «Sistema-invest» 31,76% of shares of PJSC «MTS», 100% shares of JSC «Group of companies «Medsi» and 90,47% of shares of JSC «BESK», — stated in the message.

«The restrictions mentioned above are removed within the framework of the implementation of the settlement agreement entered into by the Corporation and JSC «Sistema-invest» NK «Rosneft», «Bashneft» and the Republic of Bashkortostan on 22 December 2017 and approved by the Arbitration court of Bashkortostan Republic on December 26, 2017,» adds the company.

In the framework of two actions of «Rosneft», the «System» of the Bashkir arbitration took security measures, arresting almost all of the assets of AFK: 31,76% of MTS shares, 100% of the network of clinics «Medsi», 90,47% of the shares of BESK, 52,09% of the shares, 90.5% of shares of JSC «Agroholding «the Steppe», 71,87% stake in MTS Bank, a 100% interest in OOO «Sistema Telekom aktivy», 98,78% of shares of JSC «Leader-invest», 16,18% share in OOO «GK «Segezha», 88,78% stake in OOO «Group «Kronstadt», 45,96% of share of OOO «System of Hotel Management», 27% shares of «joint bridge-building enterprise».

The court also froze the defendants ‘ right to receive dividends on the arrested securities and shares.

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