(AGENPARL) – lun 24 ottobre 2022 FOR IMMEDIATE RELEASE
Noteholders’ Consent Solicitation Launch
Moscow,
October
PAO NOVATEK (“NOVATEK”) announced
the launch of consent
solicitation process (
Consent
Solicitation
in relation to the
outstanding
billion notes
Reg S,
66989
Rule 144A)
due December 2022
with
annual coupon rate 4
(“Notes”)
issued by
Novatek Finance DAC
(“Issuer”).
Rationale for the Consent
Solicitation
NOVATEK
adhere
to meeting its obligations to all Noteholders and protecting their interests.
Due to
current
disruption
in the
international payment infrastructure
as well as recent regulatory
changes in the Russian Federation regarding the
servicing of bonds issued by foreign
organizations,
there is a material risk a payment under the Notes could not be performed
to the
Noteholders on the due and equal basis unless certain appointments and amendments to the Notes
documentation are approved b
y the Noteholders
In order to secure proper and timely payment
to the Noteholders, NOVATEK is seeking the
consent of the Noteholders
to approve
appointment of the new Trustee, new Share Trustee, as
well as
a number of amendments to the transaction
documents under the Notes
, including
Trust Deed, the Paying Agency Agreement and the Loan Agreement.
General Conditions to the Consent Solicitation
Capitalized
terms used in this announcement but not defined herein have the meanings given to
them in th
e Consent Solicitation Memorandum
as of
October
full terms and
conditi
ons are set forth in the Memorandum as of
October
Launch
Notice
available
https://direct.euronext.com/api/PublicAnnouncements/RI
SDocument/Binder1.pdf?id=e9124b16
1b158ddbb70f
Copies
of the Consent Solicitation Memorandum can be obtained by registering on the
Consent Solicitation Website at
https://www.i2capmark.com/event
details/81/Holder/jsc
novatek
participate in the Consent Solicitation, a Noteholder should deliver
a valid Consent
Instruction to the Information and Tabulation Agent by no
later than the Consent Deadline
by uploading the
completed Consent Instruction on the Consent Solicitation Websit
Only Noteholders who hold the Notes as of the Record Date may submit Consent
Instructions.
Indicative Timetable
Commencement
Consent
Solicitation
October
Record
November
Consent Deadline (
he final deadline for the
submission of Consent Instructions
later than
November
2022 (
5:00
London
Meeting
November
2022
London
Results Announcement
s soon as reasonably practicable
after the Meeting
Questions and requests for assistance in connection with the delivery of Consent Instruction may
be directed to the Information and Tabulation Agent.
Information and Tabulation Agent
Capital
Markets
128 City Road
London, EC1V 2NX
United Kingdom