Polyus Finance Plc

  • ISIN: XS1533922933
  • Land: United Kingdom

Nachricht vom 24.09.2018 | 16:56

Polyus Finance Plc: Results of the tender offers

DGAP-News: Polyus Finance Plc / Key word(s): Miscellaneous

24.09.2018 / 16:56
The issuer is solely responsible for the content of this announcement.


Date: 24 September 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

POLYUS FINANCE PLC ANNOUNCES RESULTS OF THE TENDER OFFERS FOR ITS NOTES DUE 2020, 2022, 2023 AND 2024

Polyus Finance plc (the "Offeror") announces the results of its invitations to eligible holders of its outstanding notes detailed in the table below, issued by it and guaranteed by Joint Stock Company Polyus Krasnoyarsk ("JSC Polyus") and Public Joint Stock Company Polyus ("PJSC Polyus" and together with JSC Polyus, the "Guarantors") (each of the issuances of notes referred to below, a "Series", and all outstanding notes of all Series together, the "Notes"), to tender their Notes for purchase by the Offeror for cash (each such invitation, an "Offer" and, together, the "Offers") at prices to be determined pursuant to a Modified Dutch Auction, as further set out in the table below.

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer memorandum dated 14 September 2018 ("Tender Offer Memorandum") issued by the Offeror.

The Offers expired at 16:00 hours, London time, on Friday 21 September 2018.

The Offeror has accepted for purchase the Notes as set out in the table below:

Description of the Notes Common code/ISIN for Regulation S Notes Common code/ISIN/CUSIP for Rule 144A Notes Outstanding principal amount Purchase Price Series Acceptance Amount Outstanding principal amount following settlement of the Offers Scaling Factor
U.S.$750,000,000 5.625 per cent. Guaranteed Notes due 2020 (the "2020 Notes") 092230171 / XS0922301717 092311686 / US73180YAA29 / 73180YAA2 U.S.$750,000,000 U.S.$1,005 per U.S.$1,000 in principal amount of 2020 Notes U.S.$72,518,000 in aggregate principal amount of the 2020 Notes U.S.$677,482,000 Not Applicable
U.S.$500,000,000 4.699 per cent Guaranteed Notes due 2022 (the "2022 Notes") 140576638 / XS1405766384 098266640 / US73180YAB02 / 73180YAB0 U.S.$500,000,000 U.S.$950 per U.S.$1,000 in principal amount of 2022 Notes U.S.$17,194,000 in aggregate principal amount of the 2022 Notes U.S.$482,806,000 Not Applicable
U.S.$800,000,000 5.250 per cent Guaranteed Notes due 2023 (the "2023 Notes") 153392293 / XS1533922933 111731179 / US73180YAC84 / 73180YAC8 U.S.$800,000,000 U.S.$946 per U.S.$1,000 in principal amount of 2023 Notes U.S.$12,200,000 in aggregate principal amount of the 2023 Notes U.S.$787,800,000 Not Applicable
US$500,000,000 4.70 per cent Guaranteed Notes due 2024 (the "2024 Notes") 171347432 / XS1713474325 111730962 / US73181LAA98 / 111730962 US$500,000,000 U.S.$925 per U.S.$1,000 in principal amount of 2024 Notes U.S.$29,866,000 in aggregate principal amount of the 2024 Notes U.S.$470,134,000 Not Applicable
 

 

All the Notes that have been validly tendered at or below the respective Purchase Prices and received by the Information and Tender Agent have been accepted in full without pro-ration.

 

The Settlement Date is expected to be on or about 26 September 2018.

Any Notes purchased by the Offeror in the Offers will be transferred to and held by the Offeror in accordance with the terms and conditions of the Notes and, if decided by the Offeror in its sole discretion, may be cancelled in full or in part immediately after or at any time following completion of the Offers.

Offer and distribution restrictions apply. Investors should refer to the Tender Offer Memorandum for full details. If you need further information about the Offers, please contact the Dealer Manager or the Information and Tender Agent.

Offer Website: https://sites.dfkingltd.com/polyus

Contact Details:
DEALER MANAGER
J.P. Morgan Securities plc

25 Bank Street
Canary Wharf
London E14 5JP
United Kingdom

For information by telephone:
+44 20 7134 2468
Attention: Liability Management
Email: em_europe_lm@jpmorgan.com

THE INFORMATION AND TENDER AGENT

D.F. King Ltd.
Email: polyus@dfkingltd.com

In London:

125 Wood Street
London EC2V 7AN
United Kingdom
Telephone: +44 20 7920 9700

In Hong Kong:

Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Hong Kong
Telephone: +852 3953 7231

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



24.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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