DGAP-News

Polyus Finance Plc: Update on Proposals for 2023 and 2024 Notes

DGAP-News: Polyus Finance Plc / Key word(s): Miscellaneous Polyus Finance Plc: Update on Proposals for 2023 and 2024 Notes 05.08.2022 / 15:30 CET/CEST The issuer is solely responsible for the content of this announcement. 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.

 

Press Release                                                                                                                                  5 August 2022   

Update on Proposals for 2023 and 2024 Notes

PJSC Polyus (LSE, MOEX: PLZL) ("Polyus", or the "Company") highlights the announcement made by its indirect wholly-owned subsidiary Polyus Finance Plc ("Issuer") earlier today on the update in respect of the Proposals of the consent solicitation process ("Consent Solicitation") for its outstanding U.S.$800,000,000 5.25% Guaranteed Notes due 2023 ("2023 Notes") and U.S.$500,000,000 4.70% Guaranteed Notes due 2024 ("2024 Notes") issued by the Issuer on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 20 July 2022 (the "Memorandum").

Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.

The Issuer notifies the Noteholders of the 2023 and 2024 Notes that the Issuer proceeds with coupon payments in accordance with the Proposals approved by the Written Resolutions of the Noteholders of the 2023 Notes and 2024 Notes and in accordance with the relevant amendments signed in respect of the trust deed dated 7 February 2017 constituting the 2023 Notes and the trust deed dated 29 January 2018 constituting the 2024 Notes.

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).