DGAP-Regulatory: TMK announces redemption of 5.25% 2015 convertible bonds

OAO TMK  / Miscellaneous 
 
12.02.2015 07:32 
 
Dissemination of a Regulatory Announcement, transmitted by 
EquityStory.RS, LLC - a company of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=-------------------------------------------------------------------------- 
 
February 12, 2015       Press Release 
 
TMK announces redemption of 5.25% 2015 convertible bonds 
 
The following contains forward looking statements concerning future events. 
These statements are based on current information and assumptions of TMK 
management concerning known and unknown risks and uncertainties. 
 
OAO TMK ('TMK' or 'the Company'), one of the world's leading producers of 
tubular products for the oil and gas industry, informs that on February 11, 
2015 the Company redeemed its 5.25% Convertible Bonds due 2015 convertible 
into GDRs each representing four ordinary shares of TMK. 
 
To redeem the bonds TMK used cash accumulated from operating and financial 
activities, including four-year USD denominated credit facility from one of 
the leading Russian commercial banks. 
 
The Company currently does not plan public offering of 17,876,489 GDRs 
(representing 71,505,956 of TMK shares or 7.21% of the Company's share 
capital) underlying the bonds and intend to keep them as treasury shares. 
 
TMK has no more international public debt maturing before 2018. 
 
*** 
 
Redemption of 5.25% 2015 Convertible Bonds Conference Call: 
 
TMK's management will hold a conference call to discuss redemption of 5.25% 
2015 Convertible Bonds today, February 12, 2015, at 09:00 New York / 14:00 
London / 17:00 Moscow. 
 
To join the conference call please dial: 
 
UK Local:  [phone] 
UK Toll Free:  0800 279 5736 
Russia:  [phone] 
U.S. Local:  [phone] 
U.S. Toll Free: 1 877 280 2342 
Conference ID: 9757267 
(We recommend that participants to start dialing-in 5-10 minutes prior to 
ensure a timely start of the conference call) 
 
The conference call replay will be available through February 13, 2015: 
 
UK Local:  [phone] 
UK Toll Free:  0800 358 7735 
U.S. Local:  [phone] 
U.S. Toll Free: 1 866 932 5017 
Access Code: 9757267 
 
*** 
 
For further information regarding TMK please visit www.tmk-group.com or 
download the YourTube  iPad application from the  App Store 
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 
 
or contact: 
 
TMK IR Department: 
Marina Badudina 
Tel: [phone] 
[e-mail] 
 
TMK PR Department: 
Ilya Zhitomirsky 
Tel: [phone] 
[e-mail] 
 
*** 
 
TMK (www.tmk-group.com) 
 
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel 
pipes for the oil and gas industry, operating 28 production sites in the 
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two 
R&D centers in Russia and the USA. In 2014, TMK's pipe shipments totalled 
4.4 million tonnes. The largest share of TMK's sales belongs to high margin 
oil country tubular goods (OCTG), shipped to customers in over 80 
countries. TMK delivers its products along with an extensive package of 
services in heat treating, protective coating, premium connections 
threading, warehousing and pipe repairing. 
 
TMK's securities are listed on the London Stock Exchange, the OTCQX 
International Premier trading platform in the U.S. and on the Moscow 
Exchange MICEX-RTS. 
 
TMK's assets structure by division: 
 
 
 
Russian division:            American division: 
Volzhsky Pipe Plant;         12 plants of TMK IPSCO; 
Seversky Tube Works;         OFS International LLC. 
Taganrog Metallurgical       European division: 
Works;                       TMK-ARTROM; 
Sinarsky Pipe Plant;         TMK-RESITA. 
TMK-CPW;                     Middle East Division: 
TMK-Kaztrubprom;             TMK GIPI (Oman); 
TMK-INOX;                    Threading & Mechanical Key Premium LLC (Abu- 
TMK-Premium Service;         Dhabi). 
TMK Oilfield Services. 
 
 
 
 
 
 
 
12.02.2015 The EquityStory.RS, LLC Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de 
 
=-------------------------------------------------------------------------- 
 
Language:           English 
Company:            OAO TMK 
                    40/2a Pokrovka 
                    105062 Moscow 
                    Russia 
Phone:              [phone] 
Fax:                [phone] 
E-mail:             [e-mail] 
Internet:           tmk-group.com 
ISIN:               US87260R2013 
Category Code:      MSC 
TIDM:               TMKS 
Sequence Number:    2519 
Time of Receipt:    Feb 12, 2015 07:31:46 
 
End of Announcement                       EquityStory.RS, LLC News-Service 
 
=-------------------------------------------------------------------------- 
 

(END) Dow Jones Newswires

February 12, 2015 01:32 ET (06:32 GMT)