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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
20th Sep 20182:30 pmEQSSHAREHOLDERS OF MMC NORILSK NICKEL APPROVED THE INTERIM DIVIDEND FOR THE FIRST HALF OF 2018
14th Aug 20182:00 pmEQSMMC Norilsk Nickel: NORILSK NICKEL BOARD OF DIRECTORS RECOMMENDS INTERIM DIVIDEND FOR 1H 2018
13th Aug 201812:16 pmEQSMMC Norilsk Nickel: NORNICKEL REPORTS FIRST HALF 2018 INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS
6th Aug 20188:30 amEQSNORNICKEL REPORTS INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS FOR FIRST HALF 2018 ON AUGUST 13
31st Jul 201810:00 amEQSMMC Norilsk Nickel:NORILSK NICKEL GROUP ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 2nd QUARTHER AND 1st HALF 2018
24th Jul 20189:00 amEQSMMC Norilsk Nickel: NORILSK NICKEL IS 'DISMAYED' BY BOTSWANA'S DISDAIN FOR INVESTORS' RIGHTS
19th Jul 201811:01 amEQSMMC Norilsk Nickel: NORILSK NICKEL REPORTS SIGNIFICANT REDUCTION IN EMISSION OF AIR POLLUTANTS AND IMPROVEMENTS IN LABOUR HEALTH AND SAFETY IN 2017
28th Jun 20185:45 pmEQSMMC Norilsk Nickel: SHAREHOLDERS OF MMC NORILSK NICKEL APPROVED THE FINAL DIVIDEND FOR THE FY 2017
24th May 20185:21 pmEQSMMC Norilsk Nickel: NORILSK NICKEL BOARD OF DIRECTORS RECOMMENDS
18th May 20184:01 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
26th Apr 20189:01 amEQSMMC Norilsk Nickel: NORILSK NICKEL ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 1Q 2018
23rd Mar 20181:00 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
6th Mar 20188:41 amEQSMMC Norilsk Nickel: NORNICKEL REPORTS FULL YEAR 2017 AUDITED CONSOLIDATED IFRS FINANCIAL RESULTS
26th Feb 201811:30 amEQSMMC Norilsk Nickel: NORNICKEL REPORTS CONSOLIDATED IFRS FINANCIAL RESULTS FOR FULL YEAR 2017 ON MARCH 6
19th Feb 20186:20 amEQSMMC Norilsk Nickel: COMMENT FROM NORNICKEL REGARDING LEGAL PROCEEDINGS BETWEEN ITS SHAREHOLDERS
7th Feb 201812:18 pmEQSMMC Norilsk Nickel: NORILSK NICKEL AND RUSSIAN PLATINUM SIGN STRATEGIC PARTNERSHIP AGREEMENT
31st Jan 20187:00 amEQSMMC Norilsk Nickel: NORILSK NICKEL ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 4Q AND FY2017, AND REITERATES PRODUCTION OUTLOOK FOR 2018
30th Jan 20181:01 pmEQSMMC Norilsk Nickel: MOODY'S RATING AGENCY HAS RAISED PJSC MMC NORILSK NICKEL CREDIT RATING TO THE INVESTMENT GRADE LEVEL
12th Jan 20181:01 pmEQSMMC Norilsk Nickel: 1. Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
18th Dec 20172:20 pmEQSMMC Norilsk Nickel: PJSC MMC NORILSK NICKEL SIGNS A 5-YEAR USD 2.5 BILLION SYNDICATED FACILITY AGREEMENT WITH INTERNATIONAL BANKS
18th Dec 20175:55 amEQSMMC Norilsk Nickel: PJSC MMC NORILSK NICKEL SIGNED A 5-YEAR USD 2.5 BILLION FACILITY AGREEMENT WITH THE SYNDICATE OF INTERNATIONAL FINANCIAL INSTITUTIONS
20th Nov 20179:00 amEQSMMC Norilsk Nickel: NORILSK NICKEL HOSTS 2017 ANNUAL STRATEGY DAY: INVESTING IN SUSTAINABLE DEVELOPMENT
15th Nov 201712:42 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
13th Nov 20171:00 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
31st Oct 20176:21 amEQSMMC Norilsk Nickel: NORNICKEL STARTS HOT COMMISSIONING AT BYSTRINSKY GOK
30th Oct 20177:01 amEQSMMC Norilsk Nickel: NORILSK NICKEL GROUP ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 3d QUARTHER AND 9 MONTHS OF 2017
2nd Oct 20174:00 pmEQSMMC Norilsk Nickel: NORILSK NICKEL'S SHAREHOLDERS APPROVED DIVIDENDS
28th Sep 20173:55 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
22nd Sep 20177:33 amEQSMMC Norilsk Nickel: NORNICKEL UNVEILS ITS NEW CORPORATE WEBSITE
13th Sep 20173:31 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
11th Sep 20173:40 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
11th Sep 20173:36 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
8th Sep 20172:22 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
6th Sep 20173:15 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them
25th Aug 20177:05 amEQSNORILSK NICKEL BOARD OF DIRECTORS RECOMMENDS DIVIDEND FOR 1H 2017
15th Aug 201711:15 amEQSNORNICKEL REPORTS FIRST HALF 2017 INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS
7th Aug 20179:59 amEQSNornickel: NORNICKEL REPORTS INTERIM CONSOLIDATED IFRS FINANCIAL RESULTS FOR FIRST HALF 2017 ON AUGUST 15
31st Jul 20179:30 amEQSMMC Norilsk Nickel: NORILSK NICKEL GROUP ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 2st QUARTHER AND 1st HALF 2017
19th Jul 20179:00 amEQSNornickel: NORNICKEL REPORTS ITS 2016 SUSTAINABLE DEVELOPMENT RESULTS: ASSET MODERNISATION, REDUCTION OF ENVIRONMENTAL FOOTPRINT AND IMPROVEMENTS IN LABOUR SAFETY
7th Jul 20173:05 pmEQSMMC Norilsk Nickel: TRAGIC ACCIDENT AT ZAPOLYARNY MINE
30th Jun 201711:21 amRNSStabilisation Notice - MMC
27th Jun 20175:32 pmEQSMMC Norilsk Nickel: BASF and Norilsk Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials production in Europe
13th Jun 20177:25 amEQSMMC Norilsk Nickel: THE SHAREHOLDERS OF PJSC MMC NORILSK NICKEL APPROVED THE FINAL DIVIDEND FOR THE FULL FINANCIAL YEAR 2016
8th Jun 20172:59 pmEQSMMC Norilsk Nickel: PJSC MMC NORILSK NICKEL SUCCESSFULLY PLACES A USD 500 MILLION EUROBOND OFFERING MATURING IN APRIL 2022
7th Jun 20179:00 amEQSMMC Norilsk Nickel: Nornickel announces completion of Talnakh Concentrator modernization project
28th Apr 20172:14 pmEQSMMC Norilsk Nickel: NORILSK NICKEL BOARD OF DIRECTORS RECOMMENDS
28th Apr 20178:15 amEQSMMC Norilsk Nickel: NORILSK NICKEL ISSUES NOTICE OF LEGAL PROCEEDINGS AGAINST GOVERNMENT OF BOTSWANA
27th Apr 201711:29 amEQSMMC Norilsk Nickel: «NORILSK NICKEL» GROUP ANNOUNCES PRELIMINARY CONSOLIDATED PRODUCTION RESULTS FOR 1st QUARTHER 2017
19th Apr 201711:00 amRNSStabilisation Notice - NORILSK NICKEL
12th Apr 20174:05 pmEQSMMC Norilsk Nickel: Notification and public disclosure of transactions by persons discharging managerial responsibilities / persons closely associated with them

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