John Mann27 Apr 2022 19:09
John has indeed responded to my email today. Not really any new news but this is is exact message.
Hi Chris
Yes, I can say that I’ve had quite a few messages from retail holders over the past couple of weeks, but always happy to engage!
As per our 20 April announcement, Gazprombank sent us notices in which it (a) requested immediate repayment of the $200m term loan provided by the bank, (b) informed us that the term loan had been assigned to UMMC, and (c) requested repayment of $87m in revolving credit facilities by 26 April. There has been no further action on this front at the moment.
We continue to work together with our advisors to evaluate all courses of action available to the Company to address these issues. We will, of course, promptly provide an update to the market on any new developments.
Best regards
John