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MMC Norilsk Nickel: NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH

10 Aug 2022 17:12

MMC Norilsk Nickel (MNOD)


MMC Norilsk Nickel: NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH

10-Aug-2022 / 19:12 MSK

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.


PRESS RELEASE
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Company”)

NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

August 10, 2022 — PJSC MMC Norilsk Nickel (LSE: MNOD, MOEX: GMKN) (“Norilsk Nickel”, or the “Borrower”) has today provided separate notices to solicit consents (the “Consent Solicitation”) from the holders of the outstanding U.S.$1,000,000,000 6.625% Loan Participation Notes due 2022, U.S.$1,000,000,000 4.10 % Loan Participation Notes due 2023, U.S.$750,000,000 3.375 % Loan Participation Notes due 2024, U.S.$500,000,000 2.55 % Loan Participation Notes due 2025 and U.S.$500,000,000 2.80 % Loan Participation Notes due 2026 (together the “Notes” and each series of Notes a “Series”), each Series issued by MMC Finance Designated Activity Company (the “Issuer”) for the sole purposes of financing a loan to the Borrower.
In the Consent Solicitation the Borrower seeks the consent of the holders of the Notes to approve certain amendments to the respective Trust Deeds, Terms and Conditions of the Notes, Loan Agreements in relation to the Notes and, if required, Global Certificates, as well as the appointment of the New Trustee.
Noteholders are advised to refer to the Consent Solicitation Memorandum dated 10 August 2022 (the “Memorandum”) for meanings of capitalised terms used in this announcement and not otherwise defined herein, the full terms of the Consent Solicitation and the procedures related thereto.

Consent Solicitation General Terms and Conditions

  • Detailed terms and conditions are set out in the Consent Solicitation Memorandum dated 10 August 2022.
  • A copy of the Consent Solicitation Memorandum is available at the Consent Solicitation Website upon registration: https://i2capmark.com/event-details/70/Holder/mmc-norilsk-nickel.
  • Participation in the Consent Solicitation may only be done by delivery of a Voting Instruction to the Information and Tabulation Agent.
  • Only Noteholders who are holders or beneficial owners of the Notes as of the Record Date may submit a Voting Instruction.
  • No consent fee shall be payable with respect to the Consent Solicitation.
Transaction Schedule

  • Commencement of the Consent Solicitation — 10 August 2022.
  • Record Date — 23 August 2022.
  • Voting Deadline — 30 August 2022 (4:00 p.m. (London time)).
  • Meeting — 1 September 2022 (10.00 a.m. (London time)).
  • Announcement of the results – as soon as reasonably practicable after the Meeting and, if applicable, satisfaction (or not) of the Consent Conditions.
Details of the Notes

Series of Notes ISIN / Common Code

(Regulation S Notes)
ISIN / CUSIP / Common Code

(Rule 144A Notes)
Outstanding
Principal Amount
2022 Notes XS1298447019 / 129844701 US55314WAC82 / 55314W AC8 / 129931051 U.S.$1,000,000,000
2023 Notes XS1589324075 / 158932407 US55315NAA19 / 55315N AA1 / 158932407 U.S.$1,000,000,000
2024 Notes XS2069992258 / 206999225 US55315NAC74 / 55315N AC7 / 206999225 U.S.$750,000,000
2025 Notes XS2134628069 / 213462806 US55315NAD57 / 55315N AD5 / 213450344 U.S.$500,000,000
2026 Notes XS2393505008 / 239350500 US55315NAE31 / 55315N AE3 / 239361927 U.S.$500,000,000

Announcements in connection with the Consent Solicitation will be disclosed by the Borrower on https://www.nornickel.com/
Copies of all announcements, notices and press releases are available on the Consent Solicitation Website upon registration: https://i2capmark.com/event-details/70/Holder/mmc-norilsk-nickel
In case of any questions and for any further information Noteholders should contact the Information and Tabulation Agent:
i2 Capital Markets Ltd. (the Information and Tabulation Agent)
128 City RoadLondon, EC1V 2NX, United Kingdom
Email: nornickel@i2capmark.com
Phone: +44 20 3633 1212

Questions and requests may also be directed to the Investor Relations Department of PJSC MMC Norilsk Nickel.
PJSC MMC Norilsk Nickel
Investor Relations
15, 1st Krasnogvardeysky Drive, Moscow, 123100, Russia
Email: Eurobond@nornik.ru
Phone: +7 (495) 786 83 20

ABOUT THE COMPANY
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and other products.
The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.

 



ISIN: US55315J1025
Category Code: MSCH
TIDM: MNOD
LEI Code: 253400JPTEEW143W3E47
Sequence No.: 180584
EQS News ID: 1417965

 
End of Announcement EQS News Service


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Date   Source Headline
14th Apr 20234:07 pmEQSNORNICKEL DISCONTINUES DISCLOSURE VIA PRIMARY INFORMATION PROVIDER
6th Apr 20234:00 pmEQSMMC Norilsk Nickel: NINE INDEPENDENT CANDIDATES ARE NOMINATED TO NORNICKEL’S BOARD OF DIRECTORS
17th Mar 20238:01 amEQSNORNICKEL COMPLETED SELF-ASSESSMENT FOR IRMA CERTIFICATION
22nd Feb 20234:45 pmEQSMMC Norilsk Nickel: THE BANK OF NEW YORK MELLON NOTIFIED OF THE TERMINATION OF THE DEPOSIT AGREEMENT FOR NORNICKEL’S ADR PROGRAM
10th Feb 20232:30 pmEQSNORNICKEL REPORTS FULL YEAR 2022 AUDITED CONSOLIDATED IFRS FINANCIAL RESULTS
10th Feb 20231:31 pmEQSNORNICKEL REPORTS FULL YEAR 2022 AUDITED CONSOLIDATED IFRS FINANCIAL RESULTS
8th Feb 20233:00 pmEQSPOLAR LITHIUM, A JOINT VENTURE OF NORNICKEL AND ROSATOM, RECEIVES LICENSE TO DEVELOP KOLMOZERSKOYE PROJECT
8th Feb 20232:00 pmEQSPOLAR LITHIUM, A JOINT VENTURE OF NORNICKEL AND ROSATOM, RECEIVES LICENSE TO DEVELOP KOLMOZERSKOYE PROJECT
24th Jan 202312:31 pmEQSNORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 2022
24th Jan 202311:31 amEQSNORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 2022
22nd Dec 20223:00 pmEQS«NORNICKEL» SUCCESSFULLY PLACED CNY 5 BILLION EXCHANGE-TRADED BONDS
22nd Dec 20222:00 pmEQS«NORNICKEL» SUCCESSFULLY PLACED CNY 5 BILLION EXCHANGE-TRADED BONDS
16th Dec 20223:08 pmEQSNORNICKEL APPROVES BUDGET FOR 2023
16th Dec 20222:09 pmEQSNORNICKEL APPROVES BUDGET FOR 2023
24th Nov 20223:31 pmEQSSHAREHOLDERS OF NORINICKEL ELECTED NEW DIRECTORS
24th Nov 20222:31 pmEQSSHAREHOLDERS OF NORINICKEL ELECTED NEW DIRECTORS
15th Nov 202210:00 amEQSNORNICKEL HAS DEVELOPED LONG-TERM SCENARIOS FOR GLOBAL ECONOMY AND CLIMATE CHANGE
15th Nov 20229:00 amEQSNORNICKEL HAS DEVELOPED LONG-TERM SCENARIOS FOR GLOBAL ECONOMY AND CLIMATE CHANGE
1st Nov 20221:50 pmEQSNORNICKEL PROVIDES UPDATE IN RELATION TO LOAN PARTICIPATION NOTES DUE 2025
1st Nov 202212:50 pmEQSNORNICKEL PROVIDES UPDATE IN RELATION TO LOAN PARTICIPATION NOTES DUE 2025
28th Oct 20224:00 pmEQSNORNICKEL’S BOARD OF DIRECTORS RECOMMENDS NEW DIRECTORS
28th Oct 20224:00 pmEQSNORNICKEL’S BOARD OF DIRECTORS RECOMMENDS NEW DIRECTORS
24th Oct 20222:00 pmEQSNORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 9 MONTHS OF 2022
24th Oct 20222:00 pmEQSNORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 9 MONTHS OF 2022
17th Oct 202212:00 pmEQSNORNICKEL REPORTS SUCCESSFUL PLACEMENT OF RUB 25 BN EXCHANGE-TRADED BONDS
17th Oct 202212:00 pmEQSNORNICKEL REPORTS SUCCESSFUL PLACEMENT OF RUB 25 BN EXCHANGE-TRADED BONDS
4th Oct 202212:45 pmEQSNORNICKEL CANCELS TREASURY SHARES
4th Oct 202212:45 pmEQSNORNICKEL CANCELS TREASURY SHARES
28th Sep 202212:00 pmEQSNORNICKEL’S BOARD OF DIRECTORS DECIDED TO HOLD EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
28th Sep 202212:00 pmEQSNORNICKEL’S BOARD OF DIRECTORS DECIDED TO HOLD EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
16th Sep 20225:01 pmEQSNORNICKEL PROVIDES FURTHER UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
16th Sep 20225:01 pmEQSNORNICKEL PROVIDES FURTHER UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
15th Sep 20222:26 pmEQSMMC Norilsk Nickel: FIRE AT KOLA MMC EXTINGUISHED. NICKEL AND PLATINUM GROUP METALS PRODUCTION UNAFFECTED
15th Sep 20222:25 pmEQSMMC Norilsk Nickel: FIRE AT KOLA MMC EXTINGUISHED. NICKEL AND PLATINUM GROUP METALS PRODUCTION UNAFFECTED
14th Sep 202211:01 amEQSMMC Norilsk Nickel: FIRE BREAKS OUT IN ELECTROWINNING SHOP AT KOLA DIVISION
14th Sep 202211:00 amEQSMMC Norilsk Nickel: FIRE BREAKS OUT IN ELECTROWINNING SHOP AT KOLA DIVISION
2nd Sep 20225:21 pmEQSNORNICKEL PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
2nd Sep 20225:20 pmEQSNORNICKEL PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
18th Aug 20223:45 pmEQSINFORMATION NOTICE FOR HOLDERS OF DEPOSITARY RECEIPTS
18th Aug 20223:45 pmEQSINFORMATION NOTICE FOR HOLDERS OF DEPOSITARY RECEIPTS
11th Aug 20224:30 pmEQSNORNICKEL’S SHAREHOLDERS APPROVED REDUCTION OF THE AUTHORIZED CAPITAL OF THE COMPANY
11th Aug 20224:30 pmEQSNORNICKEL’S SHAREHOLDERS APPROVED REDUCTION OF THE AUTHORIZED CAPITAL OF THE COMPANY
10th Aug 20225:12 pmEQSMMC Norilsk Nickel: NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH
10th Aug 20225:12 pmEQSMMC Norilsk Nickel: NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH
2nd Aug 20225:22 pmEQSNORNICKEL REPORTS FIRST HALF 2022 INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS
2nd Aug 20225:21 pmEQSNORNICKEL REPORTS FIRST HALF 2022 INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS
28th Jul 202211:01 amEQSNORILSK NICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 1H 2022
28th Jul 202211:01 amEQSNORILSK NICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 1H 2022
22nd Jul 20229:51 amEQSKRASNOYARSK COURT APPROVES SETTLEMENT BETWEEN NORNICKEL SUBSIDIARY AND FISHERIES AGENCY
22nd Jul 20229:51 amEQSKRASNOYARSK COURT APPROVES SETTLEMENT BETWEEN NORNICKEL SUBSIDIARY AND FISHERIES AGENCY

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