Source - RNS
RNS Number : 2286L
Metinvest B.V.
29 September 2016
 

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: XS0591549232

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

Tankerton Works

12 Argyle Walk

London WC1H 8HA

Phone:              +44 (0) 207 704 0880

Email:               [email protected]

 

This notice is given by:

 

Metinvest B.V.

Nassaulaan 2A

2514 JS

'S-Gravenhage

The Netherlands

29 September 2016

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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