Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
20 May 2022 - 3:37AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report
of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities
Exchange Act of 1934
For the month of May, 2022
Commission File Number: 001-15094
Mobile TeleSystems Public Joint Stock Company
(Translation of registrant’s name
into English)
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 ¨
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): ¨
Press Release
MTS Receives Permission to Maintain
ADR Program Until July 12, 2022
May 19, 2022
MOSCOW,
Russia – Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (NYSE: MBT; MOEX: MTSS),
Russia’s largest mobile operator and a leading provider of media and digital services, announces that the Russian Government
Commission on Monitoring Foreign Investment (“the Commission”) has approved the Company’s request to maintain its American
Depositary Receipts (ADR) program. The Commission’s decision provides for the continuation of circulation of MTS ADRs until 12
July, 2022 (inclusive).
MTS had earlier petitioned
the Commission with respect to Federal Law No. 114-FZ, which came into force on April 27, 2022 and requires Russian companies to terminate
their depositary receipt programs unless granted an exemption by the Commission.
***
For further information, please contact in Moscow:
Investor Relations Department
Mobile TeleSystems Public Joint Stock Company
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 Public Joint
Stock Company (“MTS” - NYSE: MBT; MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, offers
a range of mobile, fixed-line, and digital services. We serve over 80 million mobile subscribers in Russia, Armenia, and Belarus, and
about 9 million customers in Russia 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. 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 the ongoing geopolitical
situation relating to the situation in Ukraine, the expansion of sanctions and restrictive measures imposed on the Russian
Federation and a number of Russian legal and natural person by the United States, European Union, United Kingdom and certain other
states, responsive measures of regulatory, legislative and other nature made by Russian authorities as a reaction to foreign
sanctions and restrictive measures, volatility in interest and exchange rates (including the decline in the value of the Russian
ruble against the U.S. dollar and the euro), commodity and equity prices and the value of financial assets; impact of decisions by a
number of foreign suppliers of goods, works, services and software to suspend or stop providing the supply of goods, works, services
and software to Russian legal and natural persons 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, as well as
potential aggravation of existing risk factors or appearance of new.
* * *
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.
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MOBILE TELESYSTEMS PUBLIC JOINT STOCK COMPANY |
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By: |
/s/ Vyacheslav Nikolaev |
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Name: |
Vyacheslav Nikolaev |
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Title: |
CEO |
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Date:
May 19, 2022 |
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