PAO Severstal: Information regarding coupon payments (1333291)
April 22 2022 - 7:30AM
UK Regulatory
PAO Severstal (SVST) PAO Severstal: Information regarding coupon
payments 22-Apr-2022 / 14:30 MSK Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
Information regarding coupon payments
PAO Severstal (MOEX: CHMF; LSE: SVST) ("Severstal") announces
that, due to the lack of regulatory authorizations which are still
pending, Severstal is technically not in the position to pay the
remaining interest under the loan relating to USUSD 800 mln loan
participation notes (LPN) due 2024 ("2024 LPNs") issued by Steel
Capital S.A. (the "Issuer") that was due on March 16, 2022 as well
as the interest under the loan relating to USUSD750 mln LPNs due
2022 ("2022 LPNs") which is payable on April 17, 2022.
Severstal remains committed to fulfilling its obligations under
the loans relating to the 2024 LPNs and 2022 LPNs, and has
sufficient funds available to do so.
Due to current complexity of communication with the parties
related to administration of payments under LPNs, Severstal would
like to ask LPN holders to provide the following information to
Severstal and/or the Issuer: (i) the type of LPNs held, i.e. 2024
LPN (ISIN Code: XS2046736919, US85805RAE80) or 2022 LPN (ISIN Code:
XS0841671000, US85805RAB42); (ii) the number of respective LPNs
held; and (iii) the jurisdiction of the relevant LPN holder and (if
different) the jurisdiction of the account in which the relevant
LPNs are held. Information can be provided to Severstal at
ir@severstal.com with title "LPN holder" or to the Issuer at
corporate.notifications@vistra.com addressed to "The Board of
Directors".
For further information, please contact:
Investor Relations
Nikita Klimantov
T: +7 (495) 926-77-66
na.klimantov@severstal.com
Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
***
P?? Severstal is one of the world's most efficient metals and
mining companies, creating new products and integrated steel
solutions together with its customers and partners. The company's
assets are located in Russia, Latvia and Poland. Severstal is
listed on MOEX and the company's GDRs are traded on the LSE.
Severstal reported revenue of USD11.6 billion and EBITDA of USD6.0
billion in 2021. Severstal's crude steel production in 2021 reached
11.6 mln tonnes. www.severstal.com
-----------------------------------------------------------------------------------------------------------------------
ISIN: US8181503025
Category Code: MSCL
TIDM: SVST
LEI Code: 213800OKDPTV6K4ONO53
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 157100
EQS News ID: 1333291
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1333291&application_name=news
(END) Dow Jones Newswires
April 22, 2022 07:30 ET (11:30 GMT)
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From Jul 2023 to Jul 2024