Polyus Finance PLC Results of the tender offers (7498B)
September 24 2018 - 9:23AM
UK Regulatory
TIDM60GT
RNS Number : 7498B
Polyus Finance PLC
24 September 2018
Date: 24 September 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON
LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.
POLYUS FINANCE PLC ANNOUNCES RESULTS OF THE TENDER OFFERS FOR
ITS NOTES DUE 2020, 2022, 2023 AND 2024
Polyus Finance plc (the "Offeror") announces the results of its
invitations to eligible holders of its outstanding notes detailed
in the table below, issued by it and guaranteed by Joint Stock
Company Polyus Krasnoyarsk ("JSC Polyus") and Public Joint Stock
Company Polyus ("PJSC Polyus" and together with JSC Polyus, the
"Guarantors") (each of the issuances of notes referred to below, a
"Series", and all outstanding notes of all Series together, the
"Notes"), to tender their Notes for purchase by the Offeror for
cash (each such invitation, an "Offer" and, together, the "Offers")
at prices to be determined pursuant to a Modified Dutch Auction, as
further set out in the table below.
Capitalised terms used in this announcement but not otherwise
defined have the meanings given to them in the tender offer
memorandum dated 14 September 2018 ("Tender Offer Memorandum")
issued by the Offeror.
The Offers expired at 16:00 hours, London time, on Friday 21
September 2018.
The Offeror has accepted for purchase the Notes as set out in
the table below:
Description of the Common Common Outstanding Purchase Series Outstanding Scaling
Notes code/ISIN code/ISIN/CUSIP principal Price Acceptance principal Factor
for for Rule 144A amount Amount amount
Regulation S Notes following
Notes settlement
of the
Offers
U.S.$750,000,000 092230171 / 092311686 / U.S.$750,000,0 U.S.$1,00 U.S.$72,518 U.S.$677,482 Not
5.625 per cent. XS0922301717 US73180YAA29 / 00 5 per ,000 in ,000 Applicable
Guaranteed Notes 73180YAA2 U.S.$1,00 aggregate
due 2020 (the 0 in principal
"2020 Notes") principal amount of
amount of the 2020
2020 Notes
Notes
------------- ---------------- --------------- ---------- ------------ ------------- -----------
U.S.$500,000,000 140576638 / 098266640 / U.S.$500,000,0 U.S.$950 U.S.$17,194 U.S.$482,806 Not
4.699 per cent XS1405766384 US73180YAB02 / 00 per ,000 in ,000 Applicable
Guaranteed Notes 73180YAB0 U.S.$1,00 aggregate
due 2022 (the 0 in principal
"2022 Notes") principal amount of
amount of the 2022
2022 Notes
Notes
------------- ---------------- --------------- ---------- ------------ ------------- -----------
U.S.$800,000,000 153392293 / 111731179 / U.S.$800,000,0 U.S.$946 U.S.$12,200 U.S.$787,800 Not
5.250 per cent XS1533922933 US73180YAC84 / 00 per ,000 in ,000 Applicable
Guaranteed Notes 73180YAC8 U.S.$1,00 aggregate
due 2023 (the 0 in principal
"2023 Notes") principal amount of
amount of the 2023
2023 Notes
Notes
------------- ---------------- --------------- ---------- ------------ ------------- -----------
US$500,000,000 171347432 / 111730962 / US$500,000,000 U.S.$925 U.S.$29,866 U.S.$470,134 Not
4.70 per cent XS1713474325 US73181LAA98 / per ,000 in ,000 Applicable
Guaranteed Notes 111730962 U.S.$1,00 aggregate
due 2024 (the 0 in principal
"2024 Notes") principal amount of
amount of the 2024
2024 Notes
Notes
------------- ---------------- --------------- ---------- ------------ ------------- -----------
All the Notes that have been validly tendered at or below the
respective Purchase Prices and received by the Information and
Tender Agent have been accepted in full without pro-ration.
The Settlement Date is expected to be on or about 26 September
2018.
Any Notes purchased by the Offeror in the Offers will be
transferred to and held by the Offeror in accordance with the terms
and conditions of the Notes and, if decided by the Offeror in its
sole discretion, may be cancelled in full or in part immediately
after or at any time following completion of the Offers.
Offer and distribution restrictions apply. Investors should
refer to the Tender Offer Memorandum for full details. If you need
further information about the Offers, please contact the Dealer
Manager or the Information and Tender Agent.
Offer Website: https://sites.dfkingltd.com/polyus
Contact Details:
DEALER MANAGER
J.P. Morgan Securities plc
25 Bank Street
Canary Wharf
London E14 5JP
United Kingdom
For information by telephone:
+44 20 7134 2468
Attention: Liability Management
Email: em_europe_lm@jpmorgan.com
THE INFORMATION AND TENDER AGENT
D.F. King Ltd.
Email: polyus@dfkingltd.com
In London:
125 Wood Street
London EC2V 7AN
United Kingdom
Telephone: +44 20 7920 9700
In Hong Kong:
Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Hong Kong
Telephone: +852 3953 7231
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RTEPGUUPBUPRGCC
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