20 Sep 2022 13:08
Novolipetsk Steel (NLMK) NLMK GROUP PROVIDES UPDATE ON NOTEHOLDERSā CONSENT SOLICITATION 20-Sep-2022 / 14:08 CET/CEST Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. 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 OR THE CONSENT SOLICITATION MEMORANDUM. Ā Press release 20 September 2022 NLMK GROUP PROVIDES UPDATE ON NOTEHOLDERSā CONSENT SOLICITATION Novolipetsk Steel (āNLMKā, the āBorrowerā) hereby announces the results of the meetings held on 19Ā SeptemberĀ 2022 (the āAdjourned Meetingā) for each of the outstanding U.S.$500,000,000 4.70 per cent. loan participation notes dueĀ 2026 (ā2026 USD Notesā) issued by Steel Funding D.A.C. (the āIssuerā) for the sole purpose of financing a loan to the Borrower. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Consent Solicitation Memorandum for the 2026 USD Notes dated 12 August 2022 (as amended from time to time). Results of the Meeting
2026 USD Notes By passing the Amendment Extraordinary Resolution, the holders of the 2026 USD Notes approved the Amendment Documents relating to 2026 USD Notes, including, modifications to the Trust Deed, the Conditions, the Paying Agency Agreement, the Loan Agreement and Global Certificates. By passing the Waiver Extraordinary Resolution, the holders of the 2026 USD Notes approved a waiver of any breaches by the Issuer and NLMK resulting from the non-payment of interest on the 2026 USD Notes and the corresponding amount of interest under the Loan Agreement until 31Ā December 2022 (inclusive). Noteholders should contact the Information and Tabulation Agent or Investor Relations department for further information: i2 Capital Markets Ltd. 128 City Road London, EC1V 2NX, United Kingdom Email: nlmkconsent@i2capmark.com, Phone: +44 203 633 1212 Ā IR department 40, Bolshaya Ordynka Str., Bldg. 3Moscow, 119017, RussiaEmail: ir@nlmk.com Ā About NLMK Group NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK Groupās steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines. NLMK operates production facilities in Russia, Europe and the United States. The Companyās steel production capacity exceeds 18 million tonnes per year. NLMKās ordinary shares with a 20.7% free-float are listed on the Moscow Stock Exchange (ticker āNLMKā) and its global depositary shares are listed on the London Stock Exchange (ticker āNLMK:LIā). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK Group, please visit ourĀ website. |
ISIN: | US67011E2046 |
Category Code: | MSCL |
TIDM: | NLMK |
LEI Code: | 213800913TPW32I84456 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 189357 |
EQS News ID: | 1446131 |
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End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.