Mriya Agro Holding
Mriya Agro Holding: Lenders meeting and noteholder committee
Mriya Agro Holding / Key word(s): Liquidity Problem 22.08.2014 14:21 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Notice to Noteholders THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SECURITIES. ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY IMMEDIATELY. NOTICE TO NOTEHOLDERS MRIYA AGRO HOLDING PUBLIC LIMITED U.S.$400,000,000 9.45 PER CENT. NOTES DUE 2018 ISINs: XS0916902256 / US62476KAB61 U.S.$250,000,000 10.95 PER CENT. NOTES DUE 2016 ISINs: XS0559140875 / US62476KAA88 22 AUGUST 2014 Reference is made to the trust deeds dated 30 March 2011 and 19 April 2013 made between among others BNY Mellon Corporate Trustee Services Limited as note trustee and Mriya Agro Holding Public Limited (the "Issuer"), pursuant to which the Issuer issued the Notes referred to above. Reference is also made to the notices to holders of the Notes ("Noteholders") dated 1 August 2014 and 13 August 2014 (the "Previous Notices"). This is an update to the Previous Notices. Lender Process Meetings As part of the initiation of our review of the Group's capital structure, process meetings, to which all of the Group's bilateral lenders were invited, were held in Kiev and Vienna yesterday, 21 August 2014. Ad hoc Noteholder Group Following our request that Noteholders appoint a committee to represent their interests, we have been notified that Noteholders holding in excess of 50% of the outstanding principal amount of the Notes and approximately 15% of the outstanding principal amount of the Issuer's 2018 notes have formed an ad hoc committee (the "Committee"). Cadwalader Wickersham & Taft LLP alongside Ilyashev & Partners have been appointed as legal advisers to the Committee. We and our advisers are engaging with the Committee and its legal advisers and are in the process formalising arrangements. Noteholders with any questions relating to the Issuer's review of its capital structure should contact the legal advisors to the Committee using the contact details set forth below: Holly Neavill, Partner Richard Nevins, Partner Alex Kay, Associate Cadwalader, Wickersham & Taft LLP Tel.: +44 207 170 8629 +44 20 7170 8624 +44 71708520 E-mail: Holly.Neavill@cwt.com Richard.Nevins@cwt.com Alex.Kay@cwt.com In the Previous Notices the Company noted that certain payments in respect of principal, amortisation and interest remained overdue and unpaid. The Group is continuing to evaluate its ability to make payment due in respect of principal, amortisation and interest under the current circumstances. Queries may be addressed to: Mriya Group Zhilyanska Str. 75 8th Floor, Eurasia Business Center Kyiv 01032 Tel / Fax: +380 44 393-47-93 E-mail: ir@mriya.ua Adviser details: David Riddell / Stephen Skrenta The Blackstone Group International Partners LLP 40 Berkeley Square London W1J 5AL Tel: +44 (20) 7451 4287 / +44 (20) 7451 4364 E-mail: david.riddell@blackstone.com / skrenta@blackstone.com This notice is given by MRIYA AGRO HOLDING PUBLIC LIMITED, as Issuer 22.08.2014 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Mriya Agro Holding 19/21a Bogdana Khmelnytskogo St., 15th floor 01030 Kyiv Ukraine Phone: +38 044 393-47-93 Fax: +38 044 393-47-93 E-mail: info@mriya.ua Internet: www.mriya.ua ISIN: US62476F2002 Listed: Frankfurt in Open Market (Entry Standard) ; London End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------
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