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.
PJSC Polyus (MOEX: PLZL) (“Polyus” or the “Company”) announces the repayment of both the final coupon and principal amount in respect of U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (Reg. S: XS1713474325; Rule 144A: US73181LAA98) (the “Notes”) issued by Polyus Finance plc (the “Issuer”), an indirect wholly-owned subsidiary of the Company and guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk (the “Guarantor”).
In compliance with the terms of the Notes and current requirements of Russian legislation, the Guarantor transferred the Russian Rouble-denominated funds as coupon due January 29th, 2024 and principal payment to the holders of the Notes, whose rights are accounted within the Russian custodian infrastructure (the “Domestic Holders”).
Furthermore, pursuant to the terms of the Notes and the provisions of the Trust Deed dated 29 January 2018 (as amended) between, among others, the Issuer, the Guarantor and Legal Capital Investor Services LLC acting as a trustee under the Notes (the “Trustee”) (the “Trust Deed”), the Guarantor transferred funds in Russian rubles (the “Funds”) in relation to the coupon due January 29th, 2024 and principal payment under the Notes for onward payment to the holders of the Notes which rights are recorded in foreign depositories (the “Offshore Noteholders”) in accordance with the instructions received from the Trustee in respect of the coupon payment as of January 29, 2024 and the principal payment on the Notes.
Following the exercise of the above transfers of funds, the Guarantor confirms the fulfillment of its obligations with respect to the Offshore Noteholders and Domestic Holders in accordance with the applicable terms and conditions of the Notes and the Trust Deed.
Offshore Noteholders who hold the Notes as of January 26, 2024 and wish to receive direct payments on the Notes in Russian Rubles (subject to any applicable laws) shall:
(i) make a request to the Trustee at polyus@lcpis.ru for an application form for such direct payment and a list of documents required therefor, and
(ii) provide the Trustee with the documents listed and suitable in the form and content to the Trustee and the Guarantor (including the signed application form) no later than May 31, 2024 (subject to further deadline extension).
Upon the receipt of all necessary documents (including the signed application form) and following applicable legal requirements, such direct payment will be made by either the Trustee or a third party (including the Guarantor) following the instructions of the Trustee.
Polyus
Polyus is a Top-5 global gold mining company by production volumes and one of 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).
Investor and Media contact
Capital Markets Department
+7 (495) 641 33 77
ir@polyus.com
Forward looking statement
This announcement may contain “forward-looking statements” concerning Polyus and/or Polyus Group. 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’ and/or Polyus Group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus Group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.