Results of Solicitation of Consents (3216U)
20 Décembre 2011 - 12:18PM
UK Regulatory
TIDM74JJ
RNS Number : 3216U
Petrol AD
20 December 2011
PETROL AD ANNOUNCES THE RESULTS OF ITS SOLICITATION OF CONSENTS
IN RELATION TO NOTES
20 December 2011
Further to the announcements made by Petrol AD ("Petrol") on 11
November 2011 and 6 December 2011, Petrol is hereby pleased to
announce that at an adjourned meeting of the holders of the
EUR100,000,000 8.375 per cent. Guaranteed Notes due 2012 (the
"Notes") (ISIN: XS0271812447 and Common Code: 027181244) issued by
Petrol and guaranteed by Naftex Petrol EOOD, of which EUR87,038,000
of the Notes are currently outstanding, held today at the offices
of Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ,
United Kingdom at 10:00 a.m. (London time), the Extraordinary
Resolution set out in the notice of adjourned Meeting dated 6
December 2011 (the "Notice") previously notified to holders of the
Notes in accordance with the terms of the Trust Deed for such Notes
was duly passed. Accordingly, the modifications and amendments
referred to in the Extraordinary Resolution, which include amending
the terms and conditions of the Notes to extend the maturity date
of the Notes to 26 January 2017, changing the minimum denomination
of the Notes to EUR100,000, and removing certain covenants, all as
more fully described in the Notice and the consent solicitation
memorandum dated 11 November 2011 (the "Consent Solicitation
Memorandum"), will be implemented with effect on or around 6
January 2012.
Capitalised terms used and not otherwise defined in this
announcement have the meanings ascribed to them in the Consent
Solicitation Memorandum.
For further information:
A complete description of the terms and conditions of the
Consent Solicitation is set out in the Consent Solicitation
Memorandum. Further details about the transaction can be obtained
from:
The Solicitation Agent:
Adamant Capital Partners AD
Attn: Tatyana Stanoykova
Tel: +359 2 422 5970
Email: tstanoykova@acp.bg
The Tabulation Agent:
The Bank of New York Mellon
Tel: +44 (0)20 7964 4958
Email: debtrestructuring@bnymellon.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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