Polyus Finance PLC Notice to the Holders of Guaranteed Notes due 2024 (6142R)

TIDM60GT

RNS Number : 6142R

Polyus Finance PLC

15 June 2018

 
 For immediate release   15 June 2018

Polyus Finance Plc

("Polyus Finance" or the "Issuer")

Notice to the Holders of

the U.S.$500,000,000 4.70 per cent. Guaranteed Notes due 2024

(Regulation S ISIN: XS1713474325; Regulation S Common Code: 171347432; Rule 144A ISIN: US73181LAA98; Rule 144A Common Code: 111730962; Rule 144A CUSIP: 73181LAA9)

(the "Notes")

issued by Polyus Finance and unconditionally and irrevocably guaranteed by

Joint Stock Company Polyus Krasnoyarsk (the "Guarantor")

The Issuer refers to (i) the trust deed constituting the Notes dated 29 January 2018 between BNY Mellon Corporate Trustee Services Limited (the "Trustee"), the Issuer and the Guarantor (the "Trust Deed") including the Terms and Conditions of the Notes attached to the Trust Deed as Part C of Schedule 2 (the "Conditions"), (ii) the paying agency agreement dated 29 January 2018 between the Issuer, the Trustee, the Guarantor, The Bank of New York Mellon, London Branch, The Bank of New York Mellon and The Bank Of New York Mellon SA/NV, Luxembourg Branch (the "Paying Agency Agreement") and (iii) the further guarantee dated 15 June 2018 between the Issuer, the Trustee, the Guarantor and Public Joint Stock Company Polyus (the "Further Guarantor").

Capitalised terms not defined herein have the meanings given to them in the Trust Deed.

NOTICE IS HEREBY GIVEN that, pursuant to and in compliance with Clause 5.9 (Further Guarantee) of the Trust Deed and Conditions 2.1 (Guarantee) and 18 (General Provisions Applicable to the Additional Guarantee Event), the Further Guarantor has acceded to the Trust Deed as a Guarantor by executing, on 15 June 2018, the Further Guarantee and:

(i) undertaken (jointly and severally with the Guarantor) to perform and observe all the obligations expressed to be undertaken under the Trust Deed, Conditions and Paying Agency Agreement by a Guarantor;

(ii) agreed that it shall be bound by the Trust Deed, Conditions and Paying Agency Agreement in all respects as if it had been an original party thereto; and

(iii) agreed (jointly and severally with the Guarantor) to unconditionally and irrevocably guarantee to the Trustee the due and punctual payment by the Issuer of principal and/or interest and/or any other amounts payable under the Trust Deed or on the Notes in full when and as the same shall become due and payable whether on the Maturity Date, on acceleration, in connection with prepayment, or otherwise.

Copies of the Further Guarantee (and the documents described therein) are available for inspection at the office of the Issuer.

Forward-looking statements

This announcement may contain "forward-looking statements" concerning Polyus Finance. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus Finance's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus Finance's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus Finance assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

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

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June 15, 2018 11:24 ET (15:24 GMT)

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