DJ NORNICKEL PROVIDES UPDATE ON NOTEHOLDERS' CONSENT SOLICITATION
MMC Norilsk Nickel (MNOD) NORNICKEL PROVIDES UPDATE ON NOTEHOLDERS' CONSENT SOLICITATION 02-Sep-2022 / 19:20 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE NORNICKEL PROVIDES UPDATE ON NOTEHOLDERS' CONSENT SOLICITATION
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
September 2, 2022 - PJSC MMC Norilsk Nickel ("Norilsk Nickel" or the "Borrower") has announced the results of the separate meetings (the "Original Meetings") of the holders of the USD 1,000,000,000 6.625% Loan Participation Notes due 2022 (the "2022 Notes"), USD 1,000,000,000 4.10% Loan Participation Notes due 2023 (the "2023 Notes"), USD 750,000,000 3.375% Loan Participation Notes due 2024 (the "2024 Notes"), USD 500,000,000 2.55% Loan Participation Notes due 2025 (the "2025 Notes") and USD 500,000,000 2.80% Loan Participation Notes due 2026 (the "2026 Notes") (together the "Notes" and each series of Notes a "Series"), each Series issued by MMC Finance Designated Activity Company 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 dated 10 August 2022 in relation to the Notes (the "Memorandum").
Results of the Meetings
ISIN / Common Outstanding Outcome of Meeting
Series of Code ISIN / CUSIP / Common Code
Notes (Regulation S (Rule 144A Notes) Principal Extraordinary Extraordinary
Notes) Amount Resolution One Resolution Two
2022 Notes XS1298447XXX / US55314WAXXX / 55314W AC8 U.S.USD1,000,000,000 Passed Passed
129844701 / 129931051
2023 Notes XS1589324XXX / US55315NAXXX / 55315N AA1 U.S.USD1,000,000,000 Passed Passed
158932407 / 158932407
2024 Notes XS2069992XXX / US55315NAXXX / 55315N AC7 U.S.USD750,000,000 Passed Passed
206999225 / 206999225
2025 Notes XS2134628XXX / US55315NAXXX / 55315N AD5 U.S.USD500,000,000 Adjourned Meeting Adjourned Meeting
213462806 / 213450344
2026 Notes XS2393505XXX / US55315NAXXX / 55315N AE3 U.S.USD500,000,000 Passed Passed
239350500 / 239361927
As a result of the passing an Extraordinary Resolution One by holders of the 2022 Notes, the 2023 Notes, the 2024 Notes and the 2026 Notes, i2 Capital Trust Corporation Ltd has been appointed as new trustee of the Trust Deed in respect of each such Series. As a result of the passing an Extraordinary Resolution Two by holders of the 2022 Notes, the 2023 Notes, the 2024 Notes and the 2026 Notes, the Amendment Documents relating to each such Series have been executed and the relevant modifications to the Trust Deeds and the Loan Agreements of each such Series have become effective.
Adjourned Meeting in respect of 2025 Notes
Norilsk Nickel has published today a Notice of adjourned meeting in respect of the 2025 Notes.
Holders of the 2025 Notes should note that Voting Instructions given (unless validly revoked, in the limited circumstances where such revocation is permitted) for the Original Meeting of holders of the 2025 Notes shall remain valid for the adjourned meeting.
Indicative Timing for the 2025 Notes Adjourned Meeting
-- Voting Deadline - 14 September 2022 (4:00 p.m. London time).
-- Adjourned meeting - 16 September 2022 (10.00 a.m. London time).
-- Announcement of the results - as soon as reasonably practicable after the adjourned meeting and, if applicable, satisfaction (or not) of the Consent Conditions.
Consent Solicitation General Terms and Conditions
-- Detailed terms and conditions are set out in the Memorandum.
-- A copy of the Memorandum and all announcements, notices and press releases related to the ConsentSolicitation are available to holders of the Notes at the Consent Solicitation Website upon registration: https://i2capmark.com/event-details/70/Holder/mmc-norilsknickel.
-- Holders of the 2025 Notes can participate in the Consent Solicitation in respect of the 2025 Notes onlyby delivery of a Voting Instruction to the Information and Tabulation Agent.
-- Only Noteholders that were direct or beneficial owners of the 2025 Notes as of the Record Date can submita Voting Instruction.
-- No consent fee is payable with respect to the Consent Solicitation.
In case of any questions and for any further information Noteholders should contact the Information and Tabulation Agent:
Information and Tabulation Agent
i2 Capital Markets Ltd.
128 City Road
London 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:
Investor Relations Department
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.
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ISIN: US55315J1XXX Category Code: MSCM TIDM: MNOD LEI Code: 253400JPTEEW143W3E47 Sequence No.: 185756 EQS News ID: 1434689 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 02, 2022 12:20 ET (16:20 GMT)
