NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR
RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT OR THE CONSENT SOLICITATION
(“NLMK”, the “Borrower”) hereby announces the results of the
meetings held on 26 September 2022 (the “Adjourned
Meeting”) for each of the outstanding EUR 500,000,000 1.45 per
cent. loan participation notes due 2026 (“2026 EUR Notes”)
issued by Steel Funding D.A.C. (the “Issuer”) for the sole
purpose of financing a loan to the Borrower.
Capitalised terms used
in this announcement but not defined herein have the meanings given
to them in the Consent Solicitation Memorandum for the 2026 EUR Notes
dated 12 August 2022 (as amended from time to time).
Results of the Meeting
Description of the Notes
Outcome of Meeting
Amendment Extraordinary Resolution
Waiver Extraordinary Resolution
EUR 500,000,000 1.45 per cent.
participation notes due 2026
XS2346922755 (Reg S)
2026 EUR Notes
By passing the
Amendment Extraordinary Resolution, the holders of the 2026 EUR Notes
approved the Amendment Documents relating to 2026 EUR Notes,
including, modifications to the Trust Deed, the Conditions, the
Paying Agency Agreement, the Loan Agreement and Global Certificates.
By passing the Waiver Extraordinary Resolution, the holders of the
2026 EUR Notes approved a waiver of any breaches by the Issuer and
NLMK resulting from the non-payment of interest on the 2026 EUR Notes
and the corresponding amount of interest under the Loan Agreement
until 31 December 2022 (inclusive).
contact the Information and Tabulation Agent or Investor Relations
department for further information:
i2 Capital Markets
128 City Road
London, EC1V 2NX,
Phone: +44 203 633 1212
Ordynka Str., Bldg. 3
Moscow, 119017, Russia
About NLMK Group
NLMK Group is the
largest steelmaker in Russia and one of the most efficient in the
NLMK Group’s steel
products are used in various industries, from construction and
machine building to the manufacturing of power-generation equipment
and offshore wind turbines.
production facilities in Russia, Europe and the United States. The
Company’s steel production capacity exceeds 18 million tonnes per
shares with a 20.7% free-float are listed on the Moscow Stock
Exchange (ticker “NLMK”) and its global depositary shares are
listed on the London Stock Exchange (ticker “NLMK:LI”). The share
capital of the Company is divided into 5,993,227,240 shares with a
par value of RUB1.
For more details
on NLMK Group, please visit our website.