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Polyus Finance Plc: Consent Solicitation Results

·5-min read

DGAP-News: Polyus Finance Plc / Key word(s): Miscellaneous
Polyus Finance Plc: Consent Solicitation Results
09.09.2022 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

 

Press Release                                    

09 September2022

Results of Noteholders' consent solicitation (2028 Notes)

PJSC Polyus (LSE, MOEX: PLZL) ("Polyus", or the "Company") highlights the announcement made by its indirect wholly-owned subsidiary Polyus Finance Plc ("Issuer") earlier today on the results of the consent solicitation process ("Consent Solicitation") for its outstanding U.S.$700,000,000 3.25% Guaranteed Notes due 2028 ("2028 Notes").

The terms of the earlier announced Consent Solicitation are detailed in the Consent Solicitation Memorandum dated 20 July 2022 ("Memorandum"). Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.

The Issuer thanks all Noteholders who have responded promptly and participated in the Consent Solicitation and notifies that the Requisite Consents from the Noteholders of the 2028 Notes were obtained before the Consent Deadline (08 September 2022 5:00 p.m. (London time)).

Consents were distributed in the following way from outstanding amount of the notes:

  • 2028 Notes -  77.07%

Consequently, the amendment and waiver of certain terms of the Trust Deed, Paying Agency Agreement and Terms and Conditions of the 2028 Notes have been approved by the Written Resolutions.

As of the Effective Time, I2 Capital Trust Corporation Ltd will act as the new trustee in respect of the 2028 Notes.

The following table sets forth details of the 2028 Notes:

Description of the 2028 Notes

ISIN Code/
Common Code
(Regulation S Notes)

ISIN Code/
Common Code/
CUSIP Code
(Rule 144A Notes)

Outstanding Principal Amount

U.S.$700,000,000 3.25% Guaranteed Notes due 2028

XS2396900685
239690068

US73181LAB71
239725104
73181LAB7

U.S.$700,000,000

Copies of the Memorandum can be obtained by registering on the Consent Solicitation Website at https://i2capmark.com/event-details/59/Holder/polyusfinance-plc

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

 

Investor and Media contact

Victor Drozdov,

Director Communications & Investor Relations (CIR) Department

+7 (495) 641 33 77

drozdovvi@polyus.com

 

Forward-looking statements

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

DISCLAIMER

This announcement must be read in conjunction with the Memorandum. This announcement and the Memorandum contain important information which should be read carefully before any decision is made with respect to the Consent Solicitation. If any Noteholder is in any doubt as to the action it should take or is unsure of the impact of its participation in the Consent Solicitation, it is recommended to seek its own financial advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to participate in the Consent Solicitation. None of the Issuer, the Guarantors, the Trustee, the Information and Tabulation Agent or any director, officer, employee, agent or affiliate of any such person, is acting for any Noteholder, or will be responsible to any Noteholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Consent Solicitation, and accordingly none of the Issuer, the Guarantors, the Trustee, the Information and Tabulation Agent or their respective directors, officers, employees, affiliates, advisers or agents makes any recommendation as to whether Noteholders should provide Consent, or refrain from taking any action in the Consent Solicitation with respect to their Notes, and none of them has authorised any person to make such recommendation. The Information and Tabulation Agent is agent of the Issuer and owe no duty to any Noteholder.

This announcement is for informational purposes only. The Consents are only being solicited pursuant to the Memorandum and only in such jurisdictions as is permitted under applicable law.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 


09.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Polyus Finance Plc

16 Berkeley Street

W1J 8DZ London

United Kingdom

Phone:

+44 (0)203 907 4050

E-mail:

sergei.nossoff@pgil.co.uk

Internet:

http://polyus-finance.polyus.com/

ISIN:

XS1533922933, XS1713474325, XS2396900685

WKN:

A19CYF, A19VMX, A3KXLK

Listed:

Regulated Unofficial Market in Frankfurt, Stuttgart; London

EQS News ID:

1439103


 

End of News

DGAP News Service

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