PJSC LUKOIL (hereinafter – the Company) reminds that the
holders of the U.S.$1,500,000,000 4.563 per cent. Notes of LUKOIL
International Finance B.V. guaranteed by the Company due April 24,
2023 ISIN XS0919504562 can apply for redemption of their Notes on the
maturity date via direct payment option.
The direct payment option implied by Condition 8
(Payments) of the Conditions of the Notes allows the Issuer
fulfill its obligations to Noteholders directly without involvement
of international clearing systems (Euroclear, Clearstream, DTC). The
application of the direct payment option is due to the current
situation when the payments on LUKOIL Group Notes made in
October-November 2022 have not been properly executed to date by
international clearing systems.
Direct payment will be performed in USD in full
amount (including principal and final interest) as soon as the Proof
of Holding as of the Record Date is received from the respective
Noteholder.
In order to apply for direct payment the
Noteholder has to follow the below instruction (also available on the
Company's website):
Step 1.
Send the below documents in scan copies no later than March 20,
2023 to eurobonds@lukoil.com.
The Proof of Holding shall be provided in the form
of a statement of account or holdings report from a Direct
Participant, each acceptable form of proof of holding confirming (a)
the Euroclear or Clearstream, Luxembourg Direct Participant name and
account number, (b) the full name or legal entity name of the
Noteholder, (c) the security and/or ISIN held, and (d) the aggregate
amount of the Notes held.
Unless otherwise agreed or waived by the Company
at its own discretion, each Proof of Holding shall only be valid if
duly signed by an authorized officer with stamp or seal affixed (if
one is used). If no stamp or seal is attached to the Proof of
Holding, such Proof of Holding shall either be notarised or
accompanied by a certificate of the person issuing such Proof of
Holding (issued on its letterhead and duly signed) confirming that
the contents of such Proof of Holding are true and accurate as of the
date thereof.
Step 2.
Instruct the Direct Participant to renounce the due amount of
April 2023 direct payment in the form of the below MT599 SWIFT
instruction and send confirmation from Direct Participant to
eurobonds@lukoil.com no
later than March 27, 2023.
Step 3.
Send the Proof of Holding as of the Record Date (April 21, 2023) no
later than April 26, 2023 to eurobonds@lukoil.com.
In case you
cannot download the aforementioned document forms from the website
please send a request by email to eurobonds@lukoil.com.
Attention
The submitted
Direct Payment Application forms not accompanied with true and valid
Proofs of Holding and SWIFT MT599 confirmations from Direct
Participants will
not be considered and will be rejected.
The Company preserves
its absolute right to reject the applications for direct payment if
the provided documents are not determined to be in appropriate form,
such determination being solely at the Company's discretion.
Timeline
Submission of Direct Payment Application and Proof of Holding
|
February 22 – March 20
|
Submission of MT599 confirmation
|
February 22 – March 27
|
Payment Record Date
|
April 21
|
Submission of Proof of Holding as of the Record Date
|
No later than April 26
|
Direct Payments
|
From April 24
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Contacts
eurobonds@lukoil.com
+7 495 980 32 22
Contact information Press Centre PJSC "LUKOIL"
media@lukoil.com
+7 (495) 627-16-77
https://www.lukoil.com
https://www.facebook.com/Lukoil.en
https://twitter.com/lukoilengl
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