Source - RNS
RNS Number : 4792K
EN+ Group PLC
10 April 2018


10 April, 2018 - EN+ GROUP PLC (the "Company", "the Group" or "En+ Group") (LSE: ENPL; MOEX: ENPL), notes that following consultations with Glencore International AG ("Glencore"), the parties decided they will not proceed with the exchange of securities (the "Swap Transaction") at this time in light of the designation of United Company RUSAL Plc ("UC RUSAL") and En+ Group as Specially Designated Nationals by the United States Government.

On October, 18 2017 the Company entered into a non-binding term sheet with Amokenga Holdings Limited (Glencore subsidiary) which provided the general terms and conditions of the Swap Transaction. The Swap Transaction was disclosed in the prospectus of the Group dated 3 November 2017 published by the Company in connection with its IPO.


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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies.  Forward-looking statements speak only as of the date they are made.

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