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Tender offer

AGROTON PUBLIC LIMITED

London, 5 November 2015

 

AGROTON PUBLIC LIMITED ANNOUNCES PRICING AND FINAL RESULTS OF THE INVITATION TO TENDER IN RESPECT OF THE US$50,000,000 12.50 PER CENT. NOTES DUE 2019 WITH INTEREST RATE STEP DOWN TO 6.00 PER CENT. IN 2013 WITH ISIN: XS0627994477 AND COMMON CODE: 062799447

 

On 28 October 2015, Agroton Public Limited (the "Company") announced an invitation to the holders ("Noteholders") of its US$50,000,000 12.50 per cent. Notes due 2019 with interest rate step down to 6.00 per cent. in 2013 with ISIN: XS0627994477 and Common Code: 062799447 (the "Notes") to tender Notes for repurchase by the Company for cash, subject to the Maximum Acceptance Amount described below (the "Invitation to Tender"). The Invitation to Tender was made upon the terms and subject to the conditions contained in the tender offer memorandum dated 28 October 2015 (the "Tender Offer Memorandum") prepared in connection with the Invitation to Tender, and is subject to the offer and distribution restrictions set out below. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Invitation to Tender.

 

Following the expiration of the Invitation to Tender at 4.00 PM (London time) on 4 November 2015, the Company is pleased to announce that it has accepted for purchase US$10,350,000 in aggregate principal amount of the Notes at the Purchase Price of 30 per cent. of the principal amount of the Notes tendered plus accrued and unpaid interest in accordance with the terms and conditions of the Invitation to Tender. All Notes tendered at the Purchase Amount have been accepted in full and will be tendered for cancellation by the Company.

 

In addition, the Company hereby announces that US$22,100,000 in aggregate principal amount of the Notes previously purchased by the Company will also be cancelled.

 

Upon settlement of the Invitation to Tender and cancelation of the previously purchased Notes, US$17,550,000 in aggregate principal amount of the Notes will remain outstanding.

 

The applicable Purchase Amount, together with accrued but unpaid interest for the Notes, will be paid to Holders whose Notes have been accepted for purchase by the Company. Settlement of the Invitation to Tender is expected to occur on 10 November 2015.

 

Further Information

The Invitation to Tender is described in full in the Tender Offer Memorandum which is available for collection from the Tender Agent and Tabulation Agent.

Requests for information in relation to the Invitation to Tender should be directed to:

Issuer

Agroton Public Limited

1 Lampousas Street

CY-1095

Nicosia

Cyprus

 

Tel: +380504231855

Attention: Oleg Platonov

Email: orlova@agroton.com.ua

 

Requests for copies of the Tender Offer Memorandum, for information in relation to the procedures for tendering Notes in the Invitation to Tender and the submission of Tender Instructions should be directed to:

 

Tender Agent and Tabulation Agent

The Bank of New York Mellon, London Branch

One Canada Square

London, E14 5AL

United Kingdom

 

Tel: +44 1202 689644

Fax: +44 20 7964 2536

Attention: Debt Restructuring Services

Email: debtrestructuring@bnymellon.com