Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
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  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Metinvest B.V. (IRSH)

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Thursday 18 May, 2017

Metinvest B.V.

Payment of Interest and Issuance of PIK Notes

RNS Number : 5907F
Metinvest B.V.
18 May 2017
 

IRISH STOCK EXCHANGE ANNOUNCEMENT

 

Metinvest B.V. (the "Issuer")

 

Fixed rate senior secured notes due 2021 (the "Notes")

ISIN: XS1571247490, Common Code: 157124749

ISIN: XS1571247656, CUSIP: 157124765

 

 

Notice of Payment of Interest and Issuance of PIK Notes

 

 

18 May 2017 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, made a scheduled interest payment on its outstanding Notes on 18 May 2017.

 

Reference is made to Condition 5 of the trust deed dated 22 March 2017 between Madison Pacific Trust Limited as Notes trustee (the "Trustee") and the Issuer (the "Trust Deed"), Clause 6 of the intercreditor agreement dated 22 March 2017 between, amongst others, Deutsche Bank AG, Amsterdam branch as PXF agent, the Trustee, the Issuer and Metinvest Management B.V. as original debtors and Madison Pacific Trust Limited as common security agent (the "Intercreditor Agreement"), and Listing Particulars dated 13 January 2017. Capitalised terms in this notice, unless otherwise defined, have the meaning given to those terms in the Trust Deed, the Intercreditor Agreement and the Listing Particulars.

 

For purposes of this notice, Interest Period will refer to the period from and including 22 March 2017 up to but excluding 18 May 2017 and Interest Payment Date will refer to 18 May 2017. The Notes bear interest at the rate of 10.875% per annum. The record date for this Interest Payment Date is 17 May 2017.

 

The Issuer paid interest on the Notes in respect of the Interest Period on the Interest Payment Date in cash at the rate of 2.793% per annum (the "Cash-pay Interest Amount") in the amount of US$5,201,574.41 in accordance with Condition 5(c)(i)(A) of the Trust Deed.

 

For the period from 22 March 2017 to 30 April 2017, Restricted Cash averaged US$87,430,902.32 and Average Cash Balance amounted to US$108,445,605.71.

 

In addition to the Cash-pay Interest Amount, the Issuer is required to pay interest on the Interest Payment Date at the rate of 6.5795 per cent. per annum (the "PIYC Interest Amount") in cash only if any Notes Cash Sweep Amount is available. As Average Cash Balance is below US$180 million, no Notes Cash Sweep Amount is available. Therefore, no PIYC Interest Amount and Catch-Up Interest Amount is payable.

 

The unpaid PIYC Interest Amount has been capitalised and US$12,253,405 of additional notes ("PIK Notes") in an aggregate nominal amount equal to the PIYC Interest Amount (rounded to the nearest US dollar) have been issued on the Interest Payment Date in accordance with Condition 5(c)(i)(C) of the Trust Deed.

 

Prior to the issuance by the Issuer of the PIK Notes, the principal amount of the Notes was US$1,197,232,103. Following the payment of the Cash-Pay Interest Amount and the issuance of PIK Notes, the principal amount of the Notes as of 18 May 2017 is US$1,209,485,508, and the pool factor is 1.0102347782. Details of the calculation are set out below.

 


Notes

Principal outstanding, bop

US$1,197,232,103.00

Total interest accrued

US$17,454,978.93

- incl. 2.793% pa (Cash-pay Interest Amount)

US$5,201,574.41

- incl. 6.5795% pa (PIYC Interest Amount)

US$12,253,404.52

- incl. 1.5025% pa (Catch-Up Interest Amount)

US$0.00

Cash-pay Interest Amount paid

US$5,201,574.41

PIK Notes issued

US$12,253,405.00

Principal outstanding, eop

US$1,209,485,508.00

- incl. principal

US$1,197,232,103.00

- incl. PIK Notes

US$12,253,405.00

Pool factor, eop

1.0102347782

 

 

 

 

 

 

***

 

For more information, please visit www.metinvestholding.com 

 

Andriy Bondarenko

Head of Investor Relations

Tel: +41 22 591 03 74 (Switzerland)

Tel: +380 62 388 16 24 (Ukraine)

andriy.bondarenko@metinvestholding.com

 

Yana Kalmykova

Manager of Investor Relations

Tel: +380 62 389 71 36 (Ukraine)

yana.kalmykova@metinvestholding.com

 

 

METINVEST GROUP is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. The Group has two operating segments, Metallurgical and Mining. Its strategic vision is to become a leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above the industry benchmarks. For the nine months ended 30 September 2016, the Group reported revenues of US$4.6 billion and an EBITDA margin of 22%.

 

METINVEST HOLDING LLC is the management company of Metinvest Group.

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange


This information is provided by RNS
The company news service from the London Stock Exchange
 
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