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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


fncls.ssp?fn=show_t_gif&application_id=1417965&application_name=news&site_id=london_south_east
Date   Source Headline
17th Jun 20219:12 amEQSNORNICKEL'S PALLADIUM FUND LAUNCHES FIRST NICKEL AND COPPER ETCS ON LSE
4th Jun 20219:30 amEQSNORNICKEL HAS RESUMED ORE MINING AT TAIMYRSKY MINE
1st Jun 20214:41 pmEQSNORNICKEL'S BOARD ADOPTS HOLISTIC ENVIRONMENTAL STRATEGY
25th May 20212:00 pmEQSNORNICKEL STRENGTHENS ITS MANAGEMENT TEAM
20th May 20215:51 pmEQSSHAREHOLDERS OF NORINICKEL APPROVED THE FINAL DIVIDEND FOR THE FY 2020
13th May 202112:00 pmEQSNORNICKEL HAS RECOVERED ORE MINING AT THE OKTYABRSKY MINE TO FULL CAPACITY
29th Apr 202112:45 pmEQSNORNICKEL REPORTS SUSTAINABLE DEVELOPMENT PERFORMANCE IN 2020
27th Apr 20213:30 pmEQSNORNICKEL'S BOARD OF DIRECTORS APPROVES A BUYBACK OF ITS SHARES FOR A TOTAL AMOUNT OF APPROXIMATELY USD 2 BN
19th Apr 20216:35 pmEQSNORNICKEL ANNOUNCES PRODUCTION RESULTS FOR 1Q 2021
19th Apr 20217:00 amEQSNORNICKEL AGREED WITH JOHNSON MATTHEY ON CRITICAL SUPPLY OF NICKEL AND COBALT
13th Apr 202111:00 amEQSNORNICKEL TO EXPAND SUSTAINABLE PRODUCTION AT NN HARJAVALTA IN FINLAND
12th Apr 202110:30 amEQSPRODUCTION RECOVERY AT OKTYABRSKY MINE IS AHEAD OF SCHEDULE
9th Apr 202112:30 pmEQSNORNICKEL BOARD OF DIRECTORS RECOMMENDS FINAL DIVIDEND FOR FY 2020
29th Mar 202112:01 pmEQSNORNICKEL'S BOARD OF DIRECTORS DISCUSSED LONG-TERM INVESTMENT PROGRAMME AND DIVIDEND TARGETS
29th Mar 20218:52 amEQSNORILSK DIVISION COMPLETS PHASE 2 OF REPAIRS AT OKTYABRSKY AND TAIMYRSKY MINES
26th Mar 20215:15 pmEQSNORNICKEL MAJOR SHAREHOLDERS AGREED ON A SPIN-OFF OF BYSTRINSKY PROJECT
22nd Mar 20212:21 pmEQSNORNICKEL CUTS EMISSIONS AT KOLA PENINSULA BY 85% IN 2021
16th Mar 202111:30 amEQSTHE NORILSK DIVISION ADOPTS PLAN TO RESUME OPERATIONS AT OKTIABRSKY AND TAYMIR MINES AND NORILSK CONCENTRATOR
10th Mar 202110:30 amEQSNORNICKEL PAYS FULL DAMAGES IN CONNECTION WITH FUEL SPILL AT NORILSK'S COMBINED HEAT
9th Mar 202111:51 amEQSNORNICKEL CONTINUES WORKING ON BLOCKING THE GROUNDWATER INFLOW AT OKTIABRSKY AND TAYMIR MINES
3rd Mar 20212:31 pmEQSNORNICKEL WILL SET A TIMELINE TO RESTORE OPERATIONS AT MINES AND NORILSK CONCENTRATOR
1st Mar 202112:38 pmEQSNORNICKEL ANNOUNCES CHANGES IN GOVERNANCE STRUCTURE
24th Feb 20213:10 pmEQSNORNICKEL PARTIALLY SUSPENDS OPERATIONS AT OKTYABRSKY AND TAIMYRSKY MINES
22nd Feb 20218:22 amEQSEMERGENCY AT NORILSK CONCENTRATOR
20th Feb 202112:26 pmEQSNORNICKEL, THE GOVERNMENT OF THE RUSSIAN FEDERATION, KRASNOYARSK TERRITORY AND NORILSK CITY SIGNED A PACKAGE OF DOCUMENTS ON THE SOCIAL AND ECONOMIC DEVELOPMENT OF NORILSK
19th Feb 20212:00 pmEQSNORNICKEL NOT TO APPEAL THE COURT'S RULING REGARDING DIESEL SPILL INCIDENT
16th Feb 202111:30 amEQSNORNICKEL REPORTS FULL YEAR 2020 AUDITED CONSOLIDATED IFRS FINANCIAL RESULTS
11th Feb 20213:46 pmEQSNORNICKEL RECEIVES THE DEMAND OF THE KRASNOYARSK KRAI FOR COMPENSATION OF DAMAGE TO WILDLIFE RESOURCES
5th Feb 202110:45 amEQSUPDATE ON ROSPRIRODNADZOR'S CLAIM IN RELATION TO DIESEL SPILL ACCIDENT AT NORNICKEL'S HEAT AND POWER PLANT № 3
2nd Feb 202112:05 pmEQSNORNICKEL REPORTS IFRS FINANCIAL RESULTS FOR FY2020 AND HOSTS CONFERENCE CALL ON FEBRUARY 16
29th Jan 202110:04 amEQSNORNICKEL ANNOUNCES PRODUCTION RESULTS FOR 4Q AND FY2020
18th Jan 20216:00 amEQSNORNICKEL'S PALLADIUM FUND LAUNCHES ETCs ON DEUTSCHE BÖRSE
23rd Dec 202011:01 amEQSNORNICKEL SHUTS DOWN SMELTER IN NIKEL TOWN
22nd Dec 20202:41 pmEQSNORNICKEL'S GLOBAL PALLADIUM FUND ISSUES FIRST TOKENS TO INDUSTRIAL PARTNERS
14th Dec 20208:04 amEQSMMC Norilsk Nickel: THE SIBERIAN BRANCH OF THE RUSSIAN ACADEMY OF SCIENCES PRESENTS A REPORT ON THE RESULTS OF THE GREAT NORILSK EXPEDITION
11th Dec 202011:30 amEQSSHAREHOLDERS OF NORNICKEL APPROVED THE DIVIDEND FOR 9 MONTHS OF 2020
1st Dec 20201:00 pmEQSNORNICKEL HOSTS 2020 ANNUAL CAPITAL MARKETS DAY: ENABLING THE TRANSITION TO A GREENER WORLD
26th Nov 20209:01 amEQSMMC Norilsk Nickel: INDEPENDENT ASSESSMENT OF THE CAUSES OF THE FUEL SPILL INCIDENT PRESENTED TO THE BOARD OF DIRECTORS
3rd Nov 202012:31 pmEQSNORNICKEL BOARD OF DIRECTORS RECOMMENDS INTERIM DIVIDEND FOR 9M 2020
19th Oct 202011:01 amEQSNORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION RESULTS FOR 9 MONTHS OF 2020
5th Oct 202011:00 amEQSNORNICKEL ESTIMATES ENVIRONMENTAL DAMAGE FROM THE FUEL SPILL INCIDENT AT RUB 21.4bn
29th Sep 20203:46 pmEQSNORNICKEL INCREASES INVESTMENTS IN INDUSTRIAL SAFETY
25th Sep 202011:05 amEQSNORNICKEL ANNOUNCES COMPREHENSIVE SUPPORT PROGRAMME FOR THE TAIMYR'S INDIGENOUS PEOPLES
11th Sep 20204:30 pmEQSPJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 500 MILLION EUROBOND OFFERING MATURING IN SEPTEMBER 2025
10th Sep 20204:35 pmEQSNORNICKEL BELIEVES THAT ROSPRIRODNADZOR'S DECISION TO GO TO COURT IS PREMATURE
11th Aug 202012:01 pmEQSNORNICKEL REPORTS FIRST HALF 2020 INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS
10th Aug 20208:01 amEQSNORNICKEL REPORTS IFRS FINANCIAL RESULTS FOR 1H2020 AND HOSTS CONFERENCE CALL ON AUGUST 11
6th Aug 20204:25 pmEQSNORNICKEL ADOPTS DIVISION-BASED ORGANISATIONAL STRUCTURE
3rd Aug 202011:01 amEQSNORNICKEL REPORTS IFRS FINANCIAL RESULTS FOR 1H2020 AND HOSTS CONFERENCE CALL ON AUGUST 11
29th Jul 20205:58 pmEQSNORNICKEL'S BOARD HAS DISCUSSED THE CLEAN-UP OPERATION AT CHPP-3

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