Company name: Metinvest B.V.
Headline: Scheme of Arrangement: Extension of Moratorium Period
IRISH STOCK EXCHANGE ANNOUNCEMENT
29 September 2016
Metinvest B.V. (the "Company")
10.25 per cent. guaranteed notes due 2016 (of which U.S.$89,891,018.96 was outstanding as at 31 August 2016 after capitalisation of unpaid interest in accordance with the Scheme (as defined below)) (the "2016 Notes")
ISIN: XS0511379066, Common Code: 051137906
ISIN: US591555AA54, CUSIP: 591555AA5
10.50 per cent. guaranteed notes due 2017 (of which U.S.$305,474,434.00 was outstanding as at 31 August 2016 after capitalisation of unpaid interest in accordance with the Scheme) (the "2017 Notes")
ISIN: XS1145219652, Common Code: 114521965
ISIN: US591555AC11, Common Code: 114752894
CUSIP: 591555 AC1
8.75 per cent. guaranteed notes due 2018 (of which U.S.$796,906,652.15 was outstanding as at 31 August 2016 after capitalisation of unpaid interest in accordance with the Scheme) (the "2018 Notes" and, together with the 2016 Notes and the 2017 Notes, the "Notes")
ISIN: US591555AB38, CUSIP: 591555 AB3
Extension of Moratorium Period
Reference is made to the scheme of arrangement between the Company and the holders of the Notes under Section 899 of the Companies Act 2006 which was sanctioned by the High Court of England and Wales on 30 June 2016 (the Scheme) and the explanatory statement dated 8 June 2016 in relation to the Scheme (the Explanatory Statement) which was published on the scheme website (www.lucid-is.com/metinvest) on 8 June 2016. Capitalised terms in this notice, unless otherwise defined, have the meaning given to those terms in the Explanatory Statement.
In accordance with Clause 3.5(b) (Extension to the Scheme) of the Scheme, on 28 September 2016 Noteholders holding at least 50.01% of the aggregate outstanding principal amount of the Notes delivered to the Company a Majority Noteholder Request Notice and Extension Notice. Accordingly, from and including 28 September 2016, the Termination Date of the Scheme specified in Clause 3.4(a) of the Scheme is 30 November 2016.
For further information please contact:
Lucid Issuer Services Limited as the Information Agent
Sunjeeve Patel / Thomas Choquet
12 Argyle Walk
London WC1H 8HA
Phone: +44 (0) 207 704 0880
Email: [email protected]
This notice is given by:
29 September 2016
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS