Ozon Provides Further Update On Its $750 Million Senior Unsecured Convertible Bonds Due 2026
March 17 2022 - 4:38PM
Business Wire
Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred
to as “we”, “us”, “our”, “Ozon” or the “Company”), a leading
Russian e-commerce platform, provides further update in respect of
its $750 million 1.875 per cent. senior unsecured convertible bonds
due 2026 (“Bonds”), issued by the group’s Cypriot holding company,
Ozon Holdings PLC.
Following the occurrence of a Delisting Event, as disclosed in
the Company’s press release dated March 9, 2022, a group of
Bondholders has formed an “Ad Hoc Committee” and appointed Houlihan
Lokey, as its financial adviser, and Akin Gump Strauss Hauer &
Feld LLP, as its legal adviser, to conduct an orderly discussion
process with the Company with a view to finding a fair and
sustainable solution for all stakeholders. To the extent any of the
Bondholders are interested in joining the Ad Hoc Committee or join
the coordinated effort we invite them to make inquiries to Houlihan
Lokey at projectondohl@hl.com.
The Company is currently developing a proposal to the
Bondholders to address the Delisting Event and has engaged Alvarez
& Marsal and Cleary Gottlieb Steen & Hamilton LLP as its
financial and legal advisors, respectively. Further inquiries can
be made to Alvarez & Marsal at
ozonbondholders@alvarezandmarsal.com or to the Company’s Investor
Relations department at ir@ozon.ru.
About Ozon
Ozon is a leading multi-category e-commerce platform and one of
the largest internet companies in Russia. Ozon’s platform offers
one of the widest selections of goods across multiple product
categories. Ozon’s country-wide warehouse footprint includes around
one million square meters. Its infrastructure enables Ozon to
provide Russian population with a fast and convenient delivery via
couriers, pick-up points and parcel lockers. Ozon’s extensive
logistics and fast-developing marketplace allow over 90 thousand
entrepreneurs to sell their products across Russia’s 11 time zones
to more than 25 million customers. In addition to its core
e-commerce business, Ozon is expanding Ozon fintech and other
value-added services, such as its quick commerce and online grocery
solution Ozon Express. For more information, please visit
https://corp.ozon.com/.
Disclaimer
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that reflect the current views of Ozon Holdings PLC (“we”, “our” or
“us”, or the “Company”). All statements contained in this press
release that do not relate to matters of historical fact disclosed
in due course by the Company should be considered forward-looking
statements.
These forward-looking statements are based on management’s
current expectations. However, it is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. These statements are neither promises nor guarantees
but involve known and unknown risks, uncertainties and other
important factors and circumstances that may cause Ozon’s actual
results, performance or achievements to be materially different
from its expectations expressed or implied by the forward-looking
statements, including conditions in the U.S. capital markets, the
events in Ukraine and related sanctions, negative global or Russian
political and economic conditions, potential negative developments
in the COVID-19 pandemic, other negative developments in Ozon’s
business or unfavorable legislative or regulatory developments. We
caution you therefore against relying on these forward-looking
statements, and we qualify all of our forward-looking statements by
these cautionary statements. Please refer to our filings with the
U.S. Securities and Exchange Commission concerning factors that
could cause actual results to differ materially from those
described in our forward-looking statements.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent management’s estimates as of the date of this
press release. While Ozon may elect to update such forward-looking
statements at some point in the future, Ozon disclaims any
obligation to do so, even if subsequent events cause its views to
change. These forward-looking statements should not be relied upon
as representing Ozon’s views as of any date subsequent to the date
of this press release.
The trademarks included herein are the property of the owners
thereof and are used for reference purposes only. Such use should
not be construed as an endorsement of the products or services of
the Company.
The information contained in this announcement does not
constitute or form part of any offer for sale or subscription of or
solicitation of any offer to buy or subscribe for any securities in
the United States, nor shall it or any part of it form the basis of
or be relied on in connection with any contract or commitment
whatsoever. Under the Securities Act of 1933, as amended,
securities may not be offered or sold in the United States absent
registration or an exemption from registration. Ozon Holdings PLC
does not intend to register any portion of any offering of
securities referred to herein in the United States or to conduct a
public offering of any securities in the United States.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220317005991/en/
Investor Relations Maryia Berasneva-McNamara, Head of
Investor Relations, Ozon ir@ozon.ru Press Office Maria
Zaikina, Director of Public & Industry Relations, Ozon
pr@ozon.ru
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