Company name Bulgarian Telecom Co
Headline Effective Time Announcement


RNS Number : 9229A
Bulgarian Telecommunications Co EAD
10 June 2016
 

VIVACOM 

 

Bulgarian Telecommunications Company EAD Announces Effective Time for its Consent Solicitation to the Holders of its 6⅝% Senior Secured Notes due 2018

June 10, 2016 - Bulgarian Telecommunications Company EAD (the "Issuer") has received the requisite consents from the Holders of a majority of its 6⅝% Senior Secured Notes due 2018 (the "Notes") as of 12:00 p.m., London time, on June 10, 2016 pursuant to the Issuer's previously announced consent solicitation (the "Consent Solicitation") as described in the consent solicitation statement dated May 25, 2016 (the "Consent Solicitation Statement").

As a result of receiving the requisite consents, the Issuer has executed a supplemental indenture to the indenture governing the Notes. In accordance with the terms and conditions of the Consent Solicitation Statement, the Proposed Waiver and Amendments (as defined in the Consent Solicitation Statement) have become effective and any consents received prior to or after the execution of the supplemental indenture may no longer be revoked.

While the Proposed Waiver and Amendments have become effective upon execution of the supplemental indenture, the Issuer will not make any consent payment as detailed in the Consent Solicitation Statement unless and until the Proposed Waiver and Amendments become operative, which will occur only if certain conditions as described in the Consent Solicitation Statement are met, including the Acquisition (as defined in the Consent Solicitation Statement) having been completed by 30 September 2016.

VTB Capital plc acted as Solicitation Agent for the Consent Solicitation. Questions regarding the terms of the consent solicitation may be directed to the Solicitation Agent as follows:

 

Telephone: +44 (0)203 334 8568

Email: liability.management@vtbcapital.com

Attention: George Niedringhaus

 

The Issuer had also engaged Lucid Issuer Services Limited to act as the Tabulation Agent and Information Agent for the Consent Solicitation. Questions or requests for assistance or copies of the Consent Solicitation Statement may be directed to the Tabulation Agent and Information Agent as follows:

 

Telephone: +44 (0)20 7704 0880

Email: vivacom@lucid-is.com

Attn: Victor Parzyjagla

 

DISCLAIMER

 

This press release is not a consent solicitation and must be read in conjunction with the Consent Solicitation Statement. This press release and the Consent Solicitation Statement contain important information which should be read carefully before any decision is made with respect to the Change of Control Waiver (as defined in the Consent Solicitation Statement) and the Proposed Amendments (as defined in the Consent Solicitation Statement). Those documents should be consulted for additional information regarding consent procedures and the conditions for the consent solicitation. To receive copies of the Consent Solicitation Statement or for questions relating to the consent solicitation, please contact the Solicitation Agent, the Tabulation Agent or the Information Agent using the contact information given above. If any Holder is in any doubt as to the action it should take or is unsure of the impact of the implementation of the Change of Control Waiver and the Proposed Amendments, it is recommended to seek its own financial and legal advice, including as to any tax consequences, immediately from its stockbroker, bank, manager, solicitor, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to consent to the Change of Control Waiver and the Proposed Amendments in accordance with the customary procedures of Euroclear or Clearstream, as applicable. None of the Issuer, the Guarantor, the Solicitation Agents, the Trustee, the Tabulation Agent, the Information Agent or any person who controls, or is a director, officer, employee, agent of any such person, or any affiliate of any such person makes any recommendation whether Holders should consent to the Change of Control Waiver and the Proposed Amendments. The Issuer is not making the consent solicitation to, nor will the Issuer accept deliveries of any consent from, Holders in any jurisdiction in which the solicitation of consents or the acceptance thereof would not be in compliance with the laws of such jurisdiction.

 

This press release includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. By their nature, the forward-looking events described in this press release may not be accurate or occur at all. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date on which the statements were made.

 

Any deadlines set by any intermediary or clearing system may be earlier that the deadlines specified in the Consent Solicitation Statement.

 

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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