Redemption Notice to Holders of Convertible Bonds (7714J)
July 05 2011 - 1:00AM
UK Regulatory
TIDMEVR
RNS Number : 7714J
Evraz Group S.A.
05 July 2011
5 July 2011
REDEMPTION NOTICE TO NOTEHOLDERS OF THE U.S.$$650,000,000 7.25
PER CENT. CONVERTIBLE BONDS DUE 2014 (ISIN XS0439721035) (THE
"BONDS")
ISSUED BY EVRAZ GROUP S.A.
Evraz Group S.A., a public limited liability company (societe
anonyme) incorporated under the laws of the Grand Duchy of
Luxembourg with its registered office at 1, Allee Scheffer, L-2520
Luxembourg, Grand Duchy of Luxembourg and registered with the
Luxembourg Register of Trade and Companies under number B 105615
(the "Company") announces that, as more than 85 per cent. in
principal amount of the Bonds originally issued have been redeemed
or have had Conversion Rights exercised with respect to them,
pursuant to the terms and conditions of the Bonds (the
"Conditions") as scheduled to the trust deed constituting the Bonds
entered into on 13 July 2009 between the Company and BNY Mellon
Corporate Trustee Services Limited, as trustee (the "Trustee"), the
Company is exercising its option under Condition 7(b) to redeem all
the Bonds which remain outstanding on the Optional Redemption Date
(as defined below). All capitalised terms used herein and not
otherwise defined shall have the meaning given to them in the
Conditions.
Bondholders may convert their Bonds into GDRs by following the
requirements set forth in the Conditions and they have up to and
including 26 July 2011 to do so. Any Bonds for which Conversion
Rights have not been validly exercised in accordance with the
Conditions by 26 July 2011 will be redeemed on the Optional
Redemption Date and Conversion Rights may no longer be exercised in
respect of those Bonds.
The Bonds will be redeemed at their principal amount together
with accrued but unpaid interest up to but excluding the Optional
Redemption Date (as defined below).
For the purpose of this notice and to provide the information
required by Condition 7(c):
(i) the Optional Redemption Date shall be 4 August 2011;
(ii) the Conversion Price as at 4 July 2011(*) is US$21.12;
(iii) the aggregate principal amount of the Bonds outstanding as
at 4 July 2011(*) is US$1,100,000.00;
(iv) the closing price of the GDRs as at 4 July 2011(*) as
derived from the Relevant Stock Exchange is US$31.90; and
(v) the last day Conversion Rights may be exercised is 26 July
2011.
(*) being the last practicable date prior to the publication of
this notice such information could be determined.
###
For further information:
Media contact: Oleg Kuzmin VP, Corporate Communications +7 495
937 6871 media@evraz.com
Investor contact: Alexander Boreyko Director, Investor Relations
+7 495 232 1370
ir@evraz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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