Petropavlovsk PLC Result of Consent Solicitation (2003D)
October 26 2020 - 7:41AM
UK Regulatory
TIDMPOG
RNS Number : 2003D
Petropavlovsk PLC
26 October 2020
26 October 2020
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION TO ANY PERSON LOCATED
OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
SUCH ANNOUNCEMENT.
Petropavlovsk 2016 Limited (the "Issuer") announces the Meeting
outcome with respect to the consent solicitation in relation to the
outstanding notes detailed in the table below (the "Notes")
Petropavlovsk 2016 Limited
Description of ISIN/Common Code Amount Issued Amount Consent Fee
Notes / CUSIP (Rule Outstanding
144A Notes)
U.S. Regulation S: U.S. U.S. 0.25 per cent.
$500,000,000 XS1711554102 / $500,000,000 $500,000,000 of the
8.125 per 171155410 principal
cent. Rule 144A: amount of the
Guaranteed US71675MAA45 / Qualifying
Notes Due 2022 171181208 / Notes (as
71675M AA4 defined in the
Memorandum)
------------------------ ---------------------- ---------------------- ---------------------
Capitalized terms used but not defined in this notice shall have
the same meaning given to them in the Consent Solicitation
Memorandum (the "Memorandum") dated 2 October 2020.
The Issuer would like to thank Noteholders for their
participation.
NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders at the
Meeting held at 10:00 a.m. (London time) on 26 October 2020 via
teleconference that the Extraordinary Resolution was duly passed.
100% of the votes represented at the Meeting were cast in favour of
the Extraordinary Resolution. Accordingly, the Waivers, all as
contemplated in the Notice of Meeting dated 2 October 2020 became
effective. The Effective Date for the Waivers to take effect is 26
October 2020 and the Settlement Date in respect of payment of the
Consent Fee will be 2 November 2020.
PETROPAVLOVSK 2016 LIMITED
None of the Solicitation Agents, the Trustee, the Principal
Paying Agent, or the Tabulation Agent (or any of their respective
directors, officers, employees, agents or affiliates) makes any
representation or recommendation whatsoever regarding the
Memorandum, or any document prepared in connection with it, the
Proposal, the Extraordinary Resolution or the Solicitation, or
expresses any opinion as to whether Noteholders should participate
in the Solicitation or vote in favour of or against the
Extraordinary Resolution. This announcement must be read in
conjunction with the Memorandum. This announcement and the
Memorandum contain important information which should be read
carefully before any decision is made with respect to the
Solicitation. If any Noteholder is in any doubt as to the action it
should take, it is recommended to seek its own advice, including as
to any tax consequences, from its stockbroker, bank manager,
solicitor, accountant or other independent adviser.
Within the United Kingdom, this announcement is directed only at
persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 ("relevant
persons"). The investment or investment activity to which this
announcement relates is only available to and will only be engaged
in with relevant persons and persons who receive this announcement
who are not relevant persons should not rely or act upon it.
The distribution of this announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
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END
MSCPPGPWUUPUGGQ
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