DJ Proposed secondary placing of American Depositary Receipts in MMC Norilsk Nickel
Dow Jones received a payment from EQS/DGAP to publish this press release.
Metalloinvest Finance Designated Activity Company / Miscellaneous - High
Priority
Proposed secondary placing of American Depositary Receipts in MMC Norilsk
Nickel
20-Jul-2017 / 17:19 CET/CEST
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.
Not for publication, distribution or release directly or indirectly, in
whole or in part, in or into the United States, Australia, Canada or Japan
or in any other jurisdiction in which offers or sales would be prohibited by
applicable law.
This announcement is not an offer to sell or a solicitation to buy
securities in any jurisdiction, including the United States, Australia,
Canada or Japan. Neither this announcement nor anything contained herein
shall form the basis of, or be relied upon in connection with, any offer or
commitment whatsoever in any jurisdiction.
Proposed secondary placing of American Depositary Receipts in MMC Norilsk
Nickel
20 July 2017
METALLOINVEST CYPRUS LIMITED (the "Seller"), an indirect subsidiary of Joint
Stock Company "Holding Company "METALLOINVEST" ("Metalloinvest"), announces
today its intention to sell 28,382,565 ordinary American Depositary Receipts
of MMC Norilsk Nickel PJSC (the "Company") (the "ADRs"), representing
approximately 1.79% of the Company's existing issued ordinary share capital,
through a placing to institutional investors (the "Placement"). Following
the Placement, the Seller is not expected to have any shareholding in the
Company. The Company will not receive any proceeds from the Placement.
The ADRs will be offered to institutional investors (the "Placees") through
an accelerated bookbuilding to be carried out by Deutsche Bank AG, London
Branch ("Deutsche Bank") acting as Sole Bookrunner (the "Offering "). The
book for the Offering will open with immediate effect.
The sale is subject to prevailing market conditions. The identity of Placees
and the basis of the allocations are at the discretion of the Seller and
Deutsche Bank. The price at which the ADRs are to be placed and the final
number of the ADRs will be agreed by the Seller and Deutsche Bank at the
close of the bookbuilding process. The details will be announced as soon as
practicable after the close of the bookbuilding process.
Metalloinvest is a privately owned holding company with assets in the mining
and steel sectors.
The distribution of this announcement and the offer and sale of the ADRs in
certain jurisdictions may be restricted by law. The ADRs may not be offered
to the public in any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document relating
to the ADRs in such jurisdiction. No action has been taken by the Seller,
Deutsche Bank or any of their respective affiliates that would permit an
offering of the ADRs or possession or distribution of this announcement or
any other offering or publicity material relating to such securities in any
jurisdiction where action for that purpose is required.
This announcement is not for publication, distribution or release, directly
or indirectly, in or into the United States of America (including its
territories and dependencies, any State of the United States and the
District of Columbia), Australia, Canada or Japan or any other jurisdiction
where such an announcement would be unlawful. The distribution of this
announcement may be restricted by law in certain jurisdictions and persons
into whose possession this document or other information referred to herein
comes should inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
The securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"),
and may not be offered or sold in the United States, except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. Any offering and sale of the ADRs to be
made (i) in the United States will be made only to a limited number of
"qualified institutional buyers" within the meaning of Rule 144A under the
Securities Act in accordance with Rule 144A or pursuant to another exemption
from the registration requirements of the Securities Act in a transaction
not involving any "public offering" and (ii) outside the United States in
offshore transactions within the meaning of, and in reliance on, Regulation
S under the Securities Act. Neither this document nor the information
contained herein constitutes or forms part of an offer to sell or the
solicitation of an offer to buy securities in the United States. There will
be no public offer of any securities in the United States or in any other
jurisdiction.
In member states of the European Economic Area which have implemented the
Prospectus Directive (each, a "Relevant Member State"), this announcement
and any offer if made subsequently is directed exclusively at persons who
are "qualified investors" within the meaning of the Prospectus Directive
("Qualified Investors"). For these purposes, the expression 'Prospectus
Directive' means Directive 2003/71/EC (and amendments thereto, including the
2010 PD Amending Directive, and includes any relevant implementing measure
in the Relevant Member State and the expression '2010 PD Amending Directive'
means Directive 2010/73/EU. In the United Kingdom this announcement is
directed exclusively at Qualified Investors (i) who have professional
experience in matters relating to investments falling within Article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the "Order") or (ii) who fall within Article 49(2)(A) to
(D) of the Order, and (iii) to whom it may otherwise lawfully be
communicated.
This announcement is not an offer of securities or investments for sale nor
a solicitation of an offer to buy securities or investments in any
jurisdiction where such offer or solicitation would be unlawful. No action
has been taken that would permit an offering of the securities or possession
or distribution of this announcement in any jurisdiction where action for
that purpose is required. Persons into whose possession this announcement
comes are required to inform themselves about and to observe any such
restrictions.
In connection with the Offering, Deutsche Bank and any of its affiliates
acting as an investor for its own account may take up a proprietary position
any ADRs and in that capacity may retain, purchase or sell for their own
account such ADRs. In addition, they may enter into financing arrangements
and swaps with investors in connection with which they may from time to time
acquire, hold or dispose of the ADRs. Deutsche Bank does not intend to
disclose the extent of any such investment or transactions other than in
accordance with any legal or regulatory obligation to do so.
Deutsche Bank AG is authorised under German Banking Law (competent
authority: BaFIN - Federal Financial Supervisory Authority). Deutsche Bank
AG, London Branch, is further authorised by the Prudential Regulation
Authority and is subject to limited regulation by the Financial Conduct
Authority and Prudential Regulation Authority. Deutsche Bank is acting on
behalf of the Seller and no one else in connection with the Offering and
will not be responsible to any other person for providing the protections
afforded to any of their clients or for providing advice in relation to any
offering of the ADRs. Deutsche Bank will not regard any other person as
their client in relation to the Offering.
This document includes statements that are, or may be deemed to be,
forward-looking statements. These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"intends", "expects", "will", or "may", or, in each case, their negative or
other variations or comparable terminology, or by discussions of strategy,
plans, objectives, goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts. Any
forward-looking statements are subject to risks relating to future events
and assumptions relating to the business, in particular from changes in
political conditions, economic conditions, evolving business strategy, or
the metals and mining industry. No assurances can be given that the
forward-looking statements in this document will be realised. As a result,
no undue reliance should be placed on these forward-looking statements as a
prediction of actual results or otherwise.
The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: Metalloinvest Finance Designated Activity Company
(MORE TO FOLLOW) Dow Jones Newswires
July 20, 2017 11:19 ET (15:19 GMT)
28, Rublevskoye shosse
121609 Moscow
Russia
Phone: +7 (495) 981-5555
Fax: +7 (495) 981-9992
E-mail: ir@metalloinvest.com
Internet: http://www.metalloinvest.com/
ISIN: XS0918297382
WKN: B9HLRV8
Listed: Foreign Exchange(s) Dublin
Category Code: MSCH
TIDM: IRSH
Sequence No.: 4439
End of Announcement EquityStory.RS, LLC News Service
594483 20-Jul-2017
(END) Dow Jones Newswires
July 20, 2017 11:19 ET (15:19 GMT)
