OREANDA-NEWS. Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, announced today that it purchased an additional 0.48% of its own stock, bringing the total amount of shares purchased by Sistema from March 2006 to date to 284,243 (2.95%) for a total of $347.3 million dollars.

As announced earlier, Sistema is establishing a share option programme for the top management of the company. The acquired shares are intended for the funding of this programme and may also be used in connection with certain future acquisition activity.